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...
So you have come up with a great business idea, and you are itching to launch and make loads of money in Nigeria. You might think, to start with you do want to keep your startup costs low, and one of the ways you wish to do that is by registering a business name, and...