What is VAT? Value Added Tax (VAT) is a tax imposed on the supply of goods and services. Under Nigerian law, the tax is charged at 7.5% of the value of the taxable goods and services. An illustration of this is if you sell shoes for N10, 000, the VAT chargeable on...
The presumption of innocence – what is it? The presumption of innocence is the legal principle in criminal cases that one is considered innocent until proven guilty. This basically means that until a judicial pronouncement on the guilt or otherwise of the accused...
The ONE Law every road user in Nigeria should know Billions of Naira in Nigeria goes unclaimed daily…Yes. You read that right, and no it is not an exaggeration. Under Nigerian Law, every motor vehicle on the road must be insured against damage to the property of third...
How to become a member of the State House of Assembly in Nigeria In Nigeria, each of the 36 States has its own law-making body known as the State House of Assembly. The primary job of the State House of Assembly is to make laws for the State, however, it is also...
4 Things to know about a Certificate of Incorporation What is it? A certificate of incorporation is a document given by the companies’ regulation agency of a country (in Nigeria’s case this is the Corporate Affairs Commission – CAC) as evidence of the existence of a...
