How to Change the Name of Your Company? First it should be noted that a company is an artificial person in that it is an entity separate from the individuals who own, manage, and support its operation. A company has many of the same legal rights and responsibilities...
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...
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...
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...
Taxes in Nigeria If you are reading this post, then you are one of the growing number of Nigerian business persons and entrepreneurs who are interested in knowing what their tax obligations are, and making sure they are operating their business while paying the right...
What is a Shareholders Agreement? A shareholders’ agreement is basically an agreement amongst the shareholders of a company. This agreement is meant to govern the relationship between the shareholders of the company. Following the strict theory of company law,...
