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. Despite a lot of speculation during the 2025 tax reform debates, the rate did not go...
4 Things to know about a Certificate of Incorporation A certificate of incorporation is a document issued 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 company...
Understanding what NAFDAC does The National Agency for Food and Drug Administration and Control (NAFDAC) regulates and controls the importation, exportation, manufacture, advertisement, distribution, sale and use of food, drugs, cosmetics, medical devices, packaged...
What is a Tax ID (formerly TIN)? The Tax Identification Number — now officially called a “Tax ID” under Nigeria’s new tax laws — is a unique number that identifies a specific individual or business for the purposes of paying taxes. As tax payment is...
If there’s one thing a Nigerian lawyer loves to do, it’s show off. They manage it in many ways, but by far the favourite is interspersing their conversation with Latin terms (and also using big grammar like ‘interspersing’). Latin is a fixture...
