The History of Taxation in Nigeria

History of Taxation in Nigeria

Taxation simply refers to a levy imposed by a taxing authority, usually a government on a group, organization or individual known as the taxpayer. This levy is charged compulsory from the taxpayer as a means of income generation for the government.

An Overview of Companies Income Tax (CIT) in Nigeria

Companies Income Tax in Nigeria

The concept of Companies Income Tax (CIT) in Nigeria is the company creating a business entity, which is recognized as a legal entity for tax purposes. The business entity could be a sole proprietorship, partnership, or corporation.

Difference Between Tax Evasion and Tax Avoidance

Difference Between Tax Evasion And Tax Avoidance

In any government of a country, continent or nation, the citizens are expected to be responsible for its smooth running. While the electorates often look up to the government for the provision of every essential amenities through the magic wand of the political power it holds, the people also have a role to play while the magic show is in progress.

Tax Implications of Transactions With Foreign Entities

Tax Implications of Transactions With Foreign Entities

It is no longer news that the world is now a global economic village and no country can survive without engaging in transactions with other countries. Hence, it behooves all stakeholders to pay closer attention to tax issues relating to transactions with foreign entities and ensure that grey areas around the law are uncovered and resolved.

The Core Functions of the FIRS Nigeria

The Core Functions of the FIRS Nigeria

The Federal Inland Revenue Service (FIRS) is the only Federal Government institution saddled with the primary responsibility of the collection and payment of Federal government taxes across Nigeria.

How to Register a Business Online in Nigeria

How To Register A Business Online In Nigeria

I registered my business through the Corporate Affairs Commission (CAC) online registration. It is not difficult, no it’s not and this post will do justice to that. I am here to give you all you need regarding registering with CAC online. This is not just an article that was drawn, it is a recount of my experience registering with the corporate affairs commission.