Tax

What a Small business needs to know about the amended Stamp Duty Act and Value Added Tax Act in relation to finance act 2019

Stamp Duty Act and Value Added Tax Act in relation to finance act 2019 Stamp Duty Stamp duty is generally known as tax that is levied on single property purchase or documents. For instance, stamp duty includes legal customers such as receipts, land transactions, cheques and so on. Stamp duty is the tax that government placed on legal documents, usually…

Tax and Regulatory Matters for Foreign Investors in Nigeria

TAX AND REGULATORY MATTERS A FOREIGN INVESTOR MUST AVERT HIS MIND IN NIGERIA by Ayoade Apelegan Nigeria is ranked 131st on the World Bank’s 2020 Doing Business index. The ease of doing business score shows an economy’s absolute position relative to the best regulatory performance. The implication of this is that foreigners are on the lookout to establish businesses in…

How to Start a Printing Business in Nigeria

HOW TO START A PRINTING/ PUBLISHING BUSINESS By Ayoade Apelegan A printing/publishing company also known as printing press provides a range of services which includes but not limited to; Printing of office document, the printing of educational materials, the printing of souvenirs, branding of vehicles and buildings, the printing of stickers and printing on shirts. To start a printing/publishing company,…

Taxation of Unincorporated Businesses in Nigeria

Taxation of Unincorporated Businesses in Nigeria By Dare Onamakinde INTRODUCTION Unincorporated businesses are usually the sole proprietorship or the partnership business. They can be defined as a commercial enterprise that is privately owned by one person or more than one person(s), it has unlimited liability due to the fact that the business has not been formally registered as a company.…

FINANCE BILL 2019

FINANCE BILL 2019 We say a piece of legislation is a bill when it is yet to be passed as a law by the Houses of Assembly, it is termed a Bill. Finance Bill is a Bill contains legislations about a country’s finance just as the name suggest. It could be about taxes, government expenditures, government borrowings, revenues, etc. The…

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