Business Structure, Corporate Tax and Tax Incentives in Nigeria

This article on business structure, corporate tax and tax incentives is a response to the requests from some entrepreneurs and business leaders that participated in a recent seminar I facilitated for some agricultural and manufacturing companies in Lagos. These participants are interested in fully complying with the tax laws, but are also interested in the approaches for optimising their business tax position without stepping into the realms of tax evasion (which is illegal).  The legal structure of a business or a business transaction has the potential…

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Wages of Sin, Tax Evasion and the Tax Laws: My Thoughts on the Anti-Corruption Campaign in Nigeria

“Madame, the wages of sin are not exempt from taxation” – Blanche E. Lane, 15 TCM 1088 (1956), sourced from the UMKC site on 8 April 2017. During the run-up to the 2015 national elections, the anti-corruption drive was a major campaign tool that probably partly contributed to the success of the current administration at the elections. The expectation from the President Buhari’s administration is high, especially on the anti-corruption campaigns. However, the Economic & Financial Crimes Commission (EFCC) and other prosecuting agencies have still been unable to procure…

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Taxation of Expatriates in Nigeria

Taxation of Expatriates in Nigeria This edition of point-of-view examines in a very general way the existing framework for the taxation of expatriates in Nigeria. It considers in brief the applicable tax rate, the portion of the expatriate income that is actually subject to tax, how the tax is calculated, when an expatriate would be deemed resident in Nigeria and how the tax filing is carried out. It is a general overview of the regime of expatriate taxation in Nigeria and not intended to provide legal…

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