NIGERIA EXEMPTS SMALL BUSINESSES FROM COMPANY INCOME TAX

President of the Federal Republic of Nigeria, Muhammadu Buhari, has signed the Nigerian Tax and Fiscal Law (Amendment) Bill 2019 otherwise known as the Finance Bill into law. The new law contains over 90 changes to 7 different tax laws including: an increase in the rate of VAT from 5% to…

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Multi-faceted taxes killing small businesses – LCCI

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  • Post last modified:August 31, 2018
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Vanguard Media Limited on Tuesday, at the Civic Centre in Lagos, hosted the inaugural edition of the Vanguard Economic Forum series on Micro Small and Medium Enterprises (MSMEs). Various speakers at the event made presentations on the theme, “The impact of Technology Adoption for MSMEs in a changing Tax Policy…

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NASME, NASSI fault proposed 5% tax-cut for MSMEs

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  • Post last modified:June 25, 2018
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Operators in the Micro, Small and Medium Enterprises (MSMEs) sub-sector of the economy have faulted the planned five percent reduction in tax payable by small businesses in the country, claiming the reduction will have little or no impact on the sector. Recall that the Minister of Finance, Mrs. Kemi Adeosun,…

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