Application of Witholding Tax
WHT is an advance payment against the ultimate CIT. The tax is to be deducted at source when the payment
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FIRS releases Guildline on CbCR
Dear All, We refer to the recent introduction of Nigeria’s Country-by-Country (CbC) Reporting Regulations on 19 June 2018,which Nigeria signed
Continue readingSubmission of Audited Financial Statements and Tax Computation for the year ended December 2017
All companies in Nigeria are required, under the Companies and Allied Matters Act (CAMA), to prepare and keep accounting records
Continue readingNew guideline issued by PENCOM on Voluntary contribution.
The National Pension Commission has released a circular dated 16 November 2017 to all licence Pension Administrator and Custodian and
Continue readingFIRS ,NIPC COMPENDIUM OF INVESTMENT INCENTIVES IN NIGERIA
The Nigeria Investment Promotion Council and Federal Inland Revenue Service has recently published the Compendium of Investment Incentives in Nigeria.
Continue readingFG unveils guidelines on Revised Guideline on export grant
The Federal government has unveiled new guidelines on the revived Export Expansion Grant in a circular dated 20 March 2017
Continue readingVAT IN YOUR POCKET
Value Added Tax is a consumption tax. This became effective from January 1994 The VAT is at a flat rate
Continue readingFG APPROVES HIGHER INTEREST RATE ON UNPAID TAXES
The Federal Government has approved a new interest rate spread on unpaid taxes for the year 2017. The new interest
Continue readingWHAT IS VAT AND HOW DOES INPUT VAT WORKS IN NIGERIA
VAT is a consumption tax, which is levied at each stage of the production and distribution chain. The tax burden
Continue readingTransfer Pricing Risk Assessment by African tax forum
The African tax forum has launched transfer forum risk assessment toolkits, this will be a guild on how to review
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