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...
About the Law This is a Nigerian law which repeals the Pension Reform Act No. 2 2004 and enacts the Pension Reform Act, 2014 to continue to govern and regulate the administration of the uniform contributory pension scheme for both the public and private sectors in...
About the Law This law makes provisions for the taxation of companies in Nigeria. Some key provisions Imposition of tax on profits of companies derived from trade, business, rent, premium, dividends, royalties etc process for ascertaining the taxing of authorised unit...
Global Standing Instruction (GSI) in Nigeria On July 13, 2020 the CBN released a Circular on the operational guidelines on the Global Standing Instruction . In this article we will explain some key features of the Global Standing Instruction guidelines and how they...
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...
