CompaniesIncome TaxAct 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 result of their business activities. …
The personal income tax in Nigeria stands at 24% as per the 2011 amendment. The older rates that were imposed by the government have also been revised in the 2011 amendment and it has made sure that the person earning over 3.2 M Nigerian Naira are charged at the revised rate of 24% as compared …
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 result of their …
INCOME TAX QUESTIONS Since its launch the Nigerian Inland Revenue System (NIRS) 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 …
COMPANY INCOME TAX QUESTIONS There are several income tax questions that a user needs to answer in relation to the returns that are filed with the government. The income tax returns are always filed according to the questions and answers that lead the government towards the fact that the tax calculation is done in a …
VAT & Company Income Tax Increment Analysts at FBN Quest, an investment and research firm,have explained why the monthly payout by the Federation Account Allocation Committee (FAAC) to the three tiers of government in March from February revenues declined to N345 billion. A report by the firm said the decline from N370 billion the previous …
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 …
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