17.07.2021 | History

1 edition of Companies income tax and petroleum profits tax in Nigeria found in the catalog.

Companies income tax and petroleum profits tax in Nigeria

Living the Ten Commandments and Giving Them to Our Children

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        StatementOxford University Press
        PublishersOxford University Press
        Classifications
        LC Classifications1978
        The Physical Object
        Paginationxvi, 131 p. :
        Number of Pages59
        ID Numbers
        ISBN 10978154046X
        Series
        1nodata
        2
        3

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Companies income tax and petroleum profits tax in Nigeria by Oxford University Press Download PDF EPUB FB2


Apart from the applicable tax laws which set taxes, there are also specific Agreements in the oil sector which give certain incentives to attract investors into investing in the Nigerian oil sector. The Board of Trustees consist of a chairman; six persons each representing the six geo-political zones of the country; the Accountant-General of the Federation; a representative of — the Minister of Education; the Vice-Chancellors of the Nigerian Universities; Rectors of the Polytechnics in Nigeria; Provosts of the Colleges of Education in Nigeria; the National Chamber of Commerce, Industry, Mines and Agriculture NCCIMA ; the Manufacturers Association of Nigeria MAN ; the Academic Staff Union of Universities ASUU ; the Academic Staff Union of Polytechnics ASUP ; the Colleges of Education Academic Staff Union COEASU ; the National Union of Teachers NUT ; the Association of Nigerian Principals of Secondary Schools ANCOPS ; and the Executive Secretary of the Fund who shall serve as Secretary.

derives income of NGN 25 million or equivalent in other currencies from Nigeria in a year• Also Read: Tax Identification Number TIN In Nigeria, every citizen of Nigeria working with the Government, the private sector or owns a business in operation or with an intent to start up one is expected to obtain a Tax Identification Number TIN.

Petroleum Profit Tax and Nigeria Economic Development

The terms of these Agreements may sometime be enacted into legislations. 5 Do tax losses survive a change of ownership? The tax is assessed on a preceding year basis i. Taxes in Nigeria are of two categories: federal taxes and state taxes. the ascertained total profits results in no tax payable; or• The Board of Trustees plays an important role in administering the tax imposed by this Act and disbursing the amount in the Fund to Federal, State and Local Government educational institutions, including primary and secondary schools.

Taxation of Commercial Real Estate 8.