14 Jun The Nigerian Companies Income Tax Act

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 trust schemes
  • Profits which are exempted including profits of co-operative societies, dividends distributed by unit trusts etc
  • Types of deductions which are allowed, and those which are not allowed
  • Process for computing assessable profits
  • Payment of minimum tax by loss-making companies or companies whose tax calculation show no tax payable

You can read the full provisions of the Act here – Companies Income Tax Act Cap.C21 LFN 2004

Thank you for reading this post, if you have found it useful please share with your network using one of the share buttons below. If you have any suggestions or feedback, please send us an email at [email protected]


We hope you have found this information helpfulPlease note that this information is provided for general informational purposes only and is not intended to be legal advice. No lawyer-client relationship is formed nor should any such relationship be implied. This answer is not intended to substitute for the advice of a qualified lawyer. If you require legal advice, please consult with a qualified lawyer. If you would like to find out more about a consultation with one of the lawyers in our network, you can use the free tool below to get an estimate.


How much will my Legal Consultation cost?

Estimate the cost of receiving a consultation with the lawyers in our network



Thanks, we will contact you soon


Please enter your first name

You need to select an item to continue



Please enter your email address

You need to select an item to continue


Profile of Lawyer

How many years of experience do you want in your lawyer?

You need to select an item to continue


Type of Consultation

How would you prefer the consultation to be given?

You need to select an item to continue


Consultation Fee Estimate

The final estimated fee is :


Description Information Quantity Price
Discount :
Total :

Request a Lawyer

No Comments

Sorry, the comment form is closed at this time.