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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.
