The apex body responsible for the collection of taxes in Nigeria (FIRS) has recently announced the collection and remittances of Value Added Tax (VAT) from the market traders to increase…
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Running a small business in Nigeria can be a rewarding endeavor, but it also comes with a set of responsibilities, including understanding and complying with tax regulations for Nigerian businesses.…
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Taxation is a vital component of any nation’s economic system, serving as a significant source of revenue for government operations and public services. In Nigeria, the Federal Inland Revenue Service…
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What Exactly is Transfer Pricing (TP) In order to understand Transfer Price Regulation, we much understand what Transfer Pricing is. Transfer pricing refers to the pricing of goods, services, and…
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In today’s dynamic business landscape, Nigerian startups are navigating their way to success through innovation, strategic planning, and financial acumen. One powerful tool in their arsenal is leveraging tax incentives…
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Recently, the Corporate Affairs Commission (CAC) issued a 30-day notice to Companies and Limited Liability Partnership (LLPs) to file Persons with Significant Control (PSC) information and Annual returns with the…
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The digital economy is reshaping business landscapes globally, and Nigeria is experiencing a similar transformation. As the digital ecosystem expands, it becomes increasingly important for Nigeria to effectively tax this…