*Tax Appeals refers to the appeal of any and all penalties and/or interest imposed on the business by any federal, state, and/or local tax authorities* Tax appeals are a common way to resolve disagreements you have with the Relevant Tax…
A lot of prospective businesses are not familiar with what takes to register a company in Nigeria. The primary law governing companies in Nigeria is Companies and Allied Matters Act (CAMA). It covers the various types of structures, eligibility, the…
Tax is important in every country. It is a major source of revenue for development which Oxymetholone cycle length helps in the delivery of essential public services. None payment of Tax is called Tax evasion. Tax evasion is when one…
Companies Income Tax: In Nigeria, NFPOs are exempted from paying Companies Income tax in accordance with Section 23 (1) of the Companies Income Tax Act (CITA) Cap C21, LFN 2004. However, NFPOs are expected to file tax returns even though…
On 9th May 2022, the Federal Inland Revenue Service (FIRS) in Nigeria issued a Public Notice directing companies that incurred Qualifying Capital Expenditure (QCE) worth ₦500,000 and above between 2016 and 2021 years of assessment to submit the Certificates of Acceptance…
FIRS directs Methandienone tablets taxpayers to submit Certificate of Acceptance on Fixed Assets
On 31st December 2021, President Muhammadu Buhari signed the Finance Bill, 2021 (now referred to as ”Finance Act, 2021”) into law. The overall analysis of the 2021 Finance Act depicts that it is aimed at increasing government revenue; unlike those…
On 9th May 2022, the Federal Inland Revenue Service (FIRS) in Nigeria issued a Public Notice directing companies that incurred Qualifying Capital Expenditure (QCE) worth ₦500,000 and above between 2016 and 2021 years of assessment to submit the Certificates of Acceptance…
Companies Income Tax: In Nigeria, NFPOs are exempted from paying Companies Income tax in accordance with Section 23 (1) of the Companies Income Tax Act (CITA) Cap C21, LFN 2004. However, NFPOs are expected to file tax returns even though…
Questions What is the difference between Value Added Tax (VAT) and Withholding Tax (WHT)? What are the examples of goods and services that are changed to tax / vatable goods and services? Answers Value Added Tax (VAT) Value Added Tax…