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We have had a busy 2021 and we look forward to 2022 which is brightened further with the spirit of Indovation and ideation. Cheers to each of you and your families. 
2/n 2021 was a challenging year personally for many with #Covid 2nd wave but it presented professional opportunities for #startup ecosystem too. @SucSEED_IN built its maiden #AngelFund #IndovationFund, amongst overwhelming response & kept growing its strength as #AngelNetwork too
3/n At #IndovationFund, we believe that early-stage discovery is best handled with the help of Experienced folks. We have great #SectoralCommittee structure helping us to discover, screen, curate, invest and mentor these startups, in 6 sectors of our #Fundfocus #SucSEEDfamily
SOME TAXES APPLICABLE TO STARTUPS IN NIGERIA
A key understanding of the tax structure, which operates in Nigeria is quite important to ensure tax compliance.
What are the taxes applicable to startups in Nigeria?
#aThread
A key understanding of the tax structure, which operates in Nigeria is quite important to ensure tax compliance.
What are the taxes applicable to startups in Nigeria?
#aThread
COMPANY INCOME TAX
CIT is the tax paid on the profits of companies in Nigeria. CIT is paid by on profit derived, received, accrued or brought into Nigeria. The Finance Act introduced a tiered approach to CIT...
CIT is the tax paid on the profits of companies in Nigeria. CIT is paid by on profit derived, received, accrued or brought into Nigeria. The Finance Act introduced a tiered approach to CIT...
...The tax rate of 0% applies to companies that have an annual turnover of below N25m, 20% applies to companies that have an annual turnover of more than N25m and less than N100m and 30% applies to companies with an annual turnover of N100m and above.
#STPIINDIA has been playing the role catalyst in bolstering the growth of #IT industry by providing state-of-the-art incubation facilities to #startups,#MSMEs & budding entrepreneurs in IT/ITeS sector to nurture tech-fueled entrepreneurship in India.#STPIIncubation #KnowAboutSTPI
In the early 90’s, when development of physical infrastructure needed massive investment, #STPIINDIA pioneered incubation services to nurture budding IT companies & promote them to leverage the enormous opportunities in software exports. #STPIIncubation #KnowAboutSTPI @Omkar_Raii
#STPIINDIA has been providing world-class incubation facilities to #startups, #MSMEs & budding entrepreneurs in #IT industry since 1991 to stimulate the growth of tech entrepreneurship pan-India by enabling hassle-free operations. #STPIIncubation #KnowAboutSTPI @Omkar_Raii
