The Bill for the amendment of the Nigerian Finance Act 2021 was transmitted to the National Assembly on the 7th of December 2021 by President Muhammadu Buhari. The Bill was subsequently passed into law two
Background The Federal Inland Revenue Service (FIRS) recently issued a circular setting out guidelines for filing tax returns and other compliance obligations relating to approved enterprises within Nigeria’s export processing and free trade zones. These
The Central Bank of Nigeria (CBN) has released the Regulatory Framework & Guidelines on Mobile Money Services in Nigeria. The Framework incorporates an updated version of the previous Guidelines on Mobile Money Services in Nigeria.
Nexia Agbo Abel & Co is proud to announce its new partner, Kofi Alex Peddler, effective 1 January 2021. Kofi began his professional career with the firm in 2005 and grew rapidly through the ranks.
In light of the outbreak of COVID-19 in Nigeria, we wish to inform our clients and the general public of the temporary closure of all our offices nationwide, effective Tuesday 24th March, 2020 till further
Filing annual returns ensures that a business complies with the requirement of the tax…
Why is CIT administration important? For one, it ensures that all resident & non-resident companies…
PIT Rate PIT rate is applied on a graduated scale and taxable income bands…
What is Personal Income Tax? Personal income tax (PIT) is the tax imposed on…
Today we’ll discuss What CGT is, what assets qualify for CGT, who pays CGT,…
Withholding tax (WHT) is an advance payment of income tax which may be used…
There are VATable and non-VATable goods and services. In this video, we explain what some…
The amount remitted to the tax authorities as a business owner is “tax liability”. In…
Do you know that as a final consumer you pay Value Added Tax (VAT)? In…
