About the Law This Act amends the Companies Income Tax Act Cap.C21 LFN 2004. Some key provisions of the Law Dissolves the Federal Board of Inland Revenue Amendment of the process of appeal Amendment of some fines You may read the full provisions here...
About the Law This piece of legislation amends the Value Added Tax Act. Some key provisions include: Certain exempted goods and services are to be taxed at zero rate Provides for the distribution of revenue: Federal – 15%, State – 50%, Local Government...
What is Personal Income Tax? Personal Income Tax is a direct tax charged on the income of a person. In the context of personal income tax, a ‘person’ means an individual, a sole proprietorship (non-juristic person), communities and families and on...
About the Law This Act was enacted to provide for the establishment for the establishment of the Federal Inland Revenue Service charged with powers of assessment, collection of, and accounting for revenues accruable to the Government of the Federation. Some key...