Tag: Corporate tax
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Tax in Nigeria is not one single payment. Depending on what you earn, what you buy, the business you operate, the people you employ, or the transactions you enter into, you may encounter several different types of taxation. An employee may see PAYE deducted from their salary. A company may have Companies Income Tax, VAT,…
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If you are searching for stamp duty charges in Nigeria, the first thing to know is that there is no single amount everyone pays. A business signing a lease, transferring property, executing a loan agreement, issuing shares, or entering into another dutiable instrument may face a completely different stamp-duty charge. That is because stamp duty…
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A lot of people run a small or medium-sized enterprise (SME)in Nigeria but only a few know that this requires more than managing customers, employees, sales, and cash flow. Business owners must also understand their tax obligations and establish proper systems for meeting filing and payment deadlines. SME tax can cover several obligations depending on…
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A company preparing its annual tax filing may discover that some important records are missing. Perhaps invoices were not properly stored, financial statements are still incomplete, or previous tax documents cannot be located. This situation is more common than many businesses realize, especially among growing companies that do not yet have a structured recordkeeping system.…