Tag - Company income tax

Tax planning strategies for small businesses

How to obtain a Company Income Tax (CIT) clearance certificate in Nigeria

HOW TO OBTAIN A COMPANY INCOME TAX (CIT) CLEARANCE CERTIFICATE IN NIGERIA All businesses whether small or large is liable to pay tax on the income generated. The payment of tax is dependent on the form of business and it is respective to their taxable income. Company income tax is only payable to the federal government annually. Whenever a business is registered, the next step to take by the business owner is to acquire a Company Income tax clearance certificate. [...]

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Non Resident Companies Taxation in Nigeria

Non Resident Companies Taxation in Nigeria

NON RESIDENT COMPANIES TAXATION IN NIGERIA INTRODUCTION Non-resident companies can be defined as a company or an entity that is not registered or incorporated in Nigeria but which derives income or profits from Nigeria in any kind of business it ventures into. Every company or corporation in Nigeria whether resident or non-resident company is liable to tax in Nigeria if its income is liable to tax under the provisions of the Companies Incomes Tax Act. Take note that the Nigerian tax [...]

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