Author - qeeva

Tax planning strategies for small businesses

Taxation of Expatriates in Nigeria

TAXATION OF EXPATRIATES IN NIGERIA INTRODUCTION An expatriate is an individual living in a country other than his or her own native country or country of citizenship, most reasons are related to work or education. Take for example, Mr. A has been living in Canada since birth which means that he has acquired citizenship by birth. A firm seeking to expand its horizon to other continents appoints Mr A as the managing director of the organization in Nigeria. Mr A [...]

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Creating a marketing plan

Creating a marketing plan for your business

CREATING A MARKETING PLAN FOR YOUR BUSINESS WHAT IS A MARKETING PLAN? A marketing plan is a section or a part of an organization’s business plan that will help in identifying your ideal market and the steps that will be implemented in order for you to reach it. A marketing plan is also a schedule that consists of all the steps, processes and measures that will aid in successfully promoting one’s business. It will also help you in understanding the specific of [...]

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Transfer Pricing in Nigeria

Transfer Pricing in Nigeria

TRANSFER PRICING IN NIGERIA INTRODUCTION Transfer pricing can be regarded as the price determined for the sale of goods and services between a related and controlled organization. It is simply the general term for pricing of cross border, intra-firm transactions between related parties. Transfer pricing can be also further defined as the price that is charged by one segment or group of an organization for a product or service supplied to another segment or group of the same organization. These transactions [...]

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How to start an Independent power company in Nigeria

How to start an Independent Power Company in Nigeria

HOW TO START AN INDEPENDENT POWER COMPANY IN NIGERIA Power generation is a significant issue in Nigeria. Nigeria’s population is over 200 million and these 200 million citizens will require on the average of about 200,000MW (Megawatts) of reliable and efficient electricity distribution. This is why there is a need to meet the growing population demands of Nigeria and this can be done by establishing an independent power company Independent power companies are entities of non-public service companies working and investing [...]

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How to start a consumer electronics business in Nigeria

How to start a Consumer Electronics business in Nigeria

HOW TO START A CONSUMER ELECTRONICS BUSINESS IN NIGERIA Consumer electronics are either digital or analogue equipment that are used daily in different homes and offices for entertainment, communication and other activities. The growing population of those migrating to urban areas in Nigeria leads to the high demand of electronics by consumers. Various consumer electronics equipment includes Audio systems or home audio Flat screen TVs DVD players Video games Telephones Laptops Air conditioners Laundry machines Desktop computers Printers and scanners GPS Digital cameras Electronic musical instruments Cam coders Wireless devices such as Bluetooth headphones Different popular [...]

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Top 10 auditing firms in Nigeria

Top 10 Auditing firms in Nigeria

TOP 10 AUDITING FIRMS IN NIGERIA Auditing is mandatory legally for all for companies and businesses.  An auditing firm deals with investigating all the activities and aspects of a company in order to identify inefficiencies, reduce costs and ensure its accounts accurately reflect the real status of the company. Although there are many auditing firms in Nigeria, this post indicates the top auditing firm in Nigeria with respect to the quality of service, cost, experience, and reviews from their clients. In [...]

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Tax planning strategies for small businesses

Value Added Tax (VAT) in Nigeria

VALUE ADDED TAX (VAT) IN NIGERIA INTRODUCTION Value Added Tax (VAT) can be defined as an indirect tax that is imposed by the government on the supply of goods and services. It is the final consumer of a product or service that bears the burden of the payment of VAT. The Finance bill 2020 implemented the new tax rate for Value Added Tax (VAT) in Nigeria as 7.5%. The rate for VAT was previously 5% before this new amendment came. An [...]

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Repatriation of Profits in Nigeria

Repatriation of Profits in Nigeria

REPATRIATION OF PROFITS IN NIGERIA Repatriation of profits is the procedure that involves the conversion of a foreign currency to the currency of the country in which one resides in. In Nigeria, there is free entry and free exit movement of foreign investment funds. After payment of relevant taxes, investors abroad can proceed to repatriate their investment along with the proceeds only if the investment was brought under a Certificate of Capital Importation (CCI). However, due to the Central Bank [...]

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