Value Added Tax (VAT) What is Value Added Tax – VAT? VAT is a Tax on goods and services. It is paid by the buyer to the registered seller who remits the tax to the tax authorities. The tax is…
As a Business Owner, if you want to save yourself from heavy tax liabilities you must keep accurate business records. Many business owners pay excessive taxes just because they did not operate a system that allowed them to keep track…
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…