Every company (including non-residents companies doing business in Nigeria) and companies, which are exempted from incorporation in Nigeria are required to prepare and file on self assessment basis, with the Federal Inland Revenue Service (FIRS), audited accounts and income tax…
VALUE ADDED TAX The Value Added Tax Act imposes value added tax (VAT) as a consumption tax on the supply of all goods and services (known as taxable goods and services) other than those which are listed as exempt goods…
Given the importance of cash flow in times like this, companies should immediately develop a plan for cash management as part of their overall business risk and continuity plans. In responding to the immediate challenges, the following steps could be…
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