CAC- Corporate Affairs

‘CAC undergoing reforms to improve ease of doing business’

The Corporate Affairs Commission (CAC) has stated that the corporation is undergoing some reforms as part of efforts to ease business registration as well as improve economic activities in the country. With Nigeria moving up 24 places in the World Bank’s Doing Business report and also emerging as one of the top 10 most improved

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PUBLIC NOTICE – RESULTS OF NAME RESERVATION APPLICATIONS NOW COME COME OUT WITHIN SIX (6) HOURS

The Corporate Affairs Commission (CAC) wishes to inform its esteemed customers and the general public of the significant improvement in the cycle of pre-registration applications especially with respect to Name Reservation/Availability. Consequently, results of name reservation applications now come out within six (6) hours upon submission. As a result, our valued customers and the general

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PUBLIC NOTICE – 24 HOURS PRE-REGISTRATION SERVICES

24 HOURS PRE-REGISTRATION SERVICES The Corporate Affairs Commission (CAC) wishes to remind its esteemed customers and the general public of the significant improvement in the cycle time for processing new applications for registration. Accordingly, all new applications for registration are concluded within 24 Hours except applications that have been queried for non-compliance with laid down

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Fowler tells governors to give state tax authorities autonomy

Tunde Fowler Chairman of the Joint Tax Board (JTB), Mr. Tunde Fowler, yesterday, called on state governors to empower State Internal Revenue Services (SIRS) by making them autonomous. Fowler made the call at the 137th Meeting of the JTB in Ilorin.This was disclosed in a statement signed by Wahab Gbadamosi, FIRS Director of Communications and

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FIRS, JTB, SMEDAN take tax awareness to SMEs

The Federal Inland Revenue Service (FIRS), Joint Tax Board (JTB) and the Small and Medium Enterprises Development Agency (SMEDAN) have sensitised Business Membership Organisations (BMOs) on tax payment and their rights as taxpayers, in a move aimed at stimulating the economy. The Executive Chairman of FIRS and Chairman, JTB, Tunde Fowler, said the Micro, Small and

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CAC Opens Name Search Portal For Business Registration

The Corporate Affairs Commission (CAC) has opened a portal for people to search company or business name before registration. Acting Register-General of CAC Azuka Azinge revealed this on Wednesday in Lagos at the Quarterly Stakeholders’ Forum of the Commission. According to Azinge, the move is to make registration of businesses easier, revealing that businesses can now

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CAC restates commitment to ease business registration process

The Corporate Affairs Commission (CAC) says it is committed to improving the country’s ease of doing business to drive economic rebound and growth. Lady Azuka Azinge, Acting Registrar-General, CAC, made the assertion during CAC Quarterly Customers’ Forum on Wednesday in Lagos. She said that the commission’s goal was to enable more businesses, especially for the

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A legal view of corporate taxation in Nigeria

A company incorporated under the Companies and Allied Matters Act, cap C20 LFN 2004 is accorded a distinct legal personality from its members. Whilst such a company pays tax on all its taxable profits, each member or shareholder pays tax on whatever accrued to him/her by way of dividend. It must be noted however at

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CAC To Meet Customers, Other Stakeholders

The Corporate Affairs Commission has said customers and other stakeholders will examine issues being encountered in the course of company registration, among others, during its forthcoming forum. The CAC said in a statement that the second Customers’ Forum in the first quarter of the year would take place on Thursday in Ikeja, Lagos. It said

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