National Tax Policy (NTP)
The National Tax Policy (NTP) was first published in 2012, as part of the efforts to entrench a robust and efficient tax system in Nigeria. demand new strategies to continue to meet government objectives of creating an enabling environment, simplifying the tax system and ensuring ease of compliance.
Navigate the intricacies of tax compliance with our comprehensive Taxpayer Guidelines. Explore essential information, step-by-step procedures, and strategic insights to empower individuals and businesses in meeting their tax obligations efficiently and in accordance with regulatory standards.
CAC Operations Checklists 2022
The Corporate Affairs Commission was originally established by the Companies and Allied Matters Act, 1990. The Act was repealed, and a new Companies and Allied Matters Act (CAMA) enacted in 2020. The new legislation saved all actions undertaken under the repealed legislation including the establishment of the Commission.
CAC Companies Regulations 2021
Stay informed on the latest corporate regulations with our curated resources on the Corporate Affairs Commission (CAC) Companies Regulations 2021. Explore key updates, compliance guidelines, and strategic insights to ensure your business adheres to the latest regulatory standards for corporate governance.
Nigerian Tax System: Implications For Foreign Investors
Explore the nuances of the Nigerian Tax System and its implications for foreign investors. Our resources provide valuable insights into tax regulations, compliance requirements, and strategic considerations, ensuring informed decision-making for international businesses entering the Nigerian market.
Corporate - Taxes on Corporate Income
Resident companies are liable to corporate income tax (CIT) on their worldwide income while non-residents are subject to CIT on their Nigeria-source income. The CIT rate is 30% for large companies (i.e. companies with gross turnover greater than NGN 100 million), assessed on a preceding year basis (i.e. tax is charged on profits for the accounting year ending in the year preceding assessment).