CAC TO DE-LIST 38,717 DORMANT COMPANIES . The General Public is hereby notified that a list of 38,717 Names of Dormant Companies scheduled to be delisted in line with the provision of Section 525 of Companies and Allied Matters Act CAP C20 LFN 2004 for failing to file Annual Returns as and when due is […]
Income taxes are imposed in each and every country of the world as these taxes make sure that the government has sufficient funds to carry out all the public interest related projects for the people of the country. In Nigeria the income taxes are imposed to different entities according to predefined rates which also make
Companies Income Tax in Nigeria Income tax in Nigeria is calculated and collected according to several acts and the underlying provisions to make sure that the process remains safe and smooth for the government as well as the taxpaying entities. Following are some of the most important acts according to which the tax is calculated
Income tax services-Nigeria Choosing the right tax preparer is of extreme importance as the company is not only spending cash but it is also expecting to get the best income tax services leading to awesome results as well as many deductions as possible. It I therefore of immense importance to understand that choosing the right
Income tax questions Since its launch the Nigerian Inland Revenue System has made sure that the income tax questions are not only made easy but the related processes are also made trouble-free. However is it also to be noted that in July 2014 a very important decision has been taken in this regard which has
Income tax in Nigeria is a relatively broad term and it includes several types of incomes taxes that have been imposed on the individuals as well as the companies that are working in Nigeria. Following are some of the mist important income tax terms that are used when it comes to Nigeria: a. Rental Income
Free income tax filing Nigeria has enforced double tax treaties with several countries of the world including Belgium, Canada, China and Pakistan. All the foreign companies that are working within the country also enjoy deduction in the income tax on the foreign profits that they have made. It is also to be noted that Nigeria
File company income tax To file income tax in Nigeria has been made very easy by the government and for the same reason it is also to be noted that in the recent years the economy has seen an increase in the income tax earnings of the government. Formerly the file income tax laws were
Companies Income Tax Companies Income Tax Act in Nigeria is collected from both Nigerian as well as foreign companies. The rates are however different for both entities. Nigerian companies needs to pay tax based on their worldwide income whereas the foreign companies need to pay tax on their profits that are being made as a
Audit reports In Nigeria the audit reports are standardized and they are governed by the rules and regulations that have been defined by the FRC or the Financial Reporting Council of Nigeria. This institution was established in the year 2011 and since then it has made sure that all the financial documentation of companies working
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