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Many businesses in Nigeria today have failed because their administrators neglected their managerial obligations–perhaps out of ignorance. Since you will not want your business to fall into such a deadly pit, it is essential to ensure you block certain holes that might make you pay more charges than necessary. One of the holes where many […]

If you are reading this article, you likely are one of the many Nigerian entrepreneurs and business owners that are interested in finding out the number and kinds of taxes they are expected to pay. No doubt, if you decide to pay taxes in other to be the friend of the government of Nigeria and […]

In case you don’t know, the FIRS has the administration of Stamp Duties Acts in Nigeria. As a property owner or renter, you must know how this new development or change will affect you. This is the primary reason for this post. I’m sure it will help you to separate myths from facts on the […]

Many governments have various ways of providing an ideal business environment in their respective countries. Sometimes, they even offer tax incentives to relevant companies. As expected, the Nigerian Government also offers tax incentives. With this measure, the country attracts increased investment to preferred parts of the economy. Besides, it also develops the economy. Are you […]

In every country, it is normal to pay different types of taxes to the local authorities. After collecting the money, the government will use these funds to handle various projects that will serve the people. One of the common taxes – in Nigeria – is the Personal Income Tax (PIT). However, many people do not […]

Stamp duties are essentially taxes levied on financial transactions and documents. Also called instruments for the purpose of the Stamp Duties Act, they’re paid to the Federal Government of Nigeria (FGN) or State Government on documents, including bills of exchange, conveyances on sale, promissory notes and agreements. Others are contracts or documents, like instruments of […]

As an entrepreneur, you will have to deal with tax-related issues. To get the right advice, you should consult a reputable tax advisory company. After all, they can guide you, especially before entering any business transaction. Are these services available in Nigeria? Yes, you can get a piece of good tax advice from several firms. […]

Taxation simply refers to a levy imposed by a taxing authority, usually a government on a group, organization or individual known as the taxpayer. This levy is charged compulsory from the taxpayer as a means of income generation for the government. Taxation has since existed from ancient times but had only a minimal role in […]

The concept of Companies Income Tax (CIT) in Nigeria is the company creating a business entity, which is recognized as a legal entity for tax purposes. The business entity could be a sole proprietorship, partnership, or corporation. Table of Contents What is Companies Income Tax? Companies Income Tax (CIT), also known as Corporate Tax, is […]

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Tax Advisors in Nigeria – Taxing and taxation isn’t as easy as it sounds to the ordinary man in the street. Like law, which has different branches and applications in every sphere of human endeavour, taxing toes such line too, and a huge part of it requires specialization and a good deal of understudy, away from […]