Our updated Tax Data Card is now available. Changes in all the relevant tax laws to date have been incorporated to provide you a quick guide to the key provisions of the major tax laws.
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12 August 2012
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@Babafemi - the WHT rate is 10%
Posted by: Taiwo | 02 March 2013 at 09:02 PM
Dear Mr Taiwo,
what is the effective rate for witholding tax on technical fees payable to a country with which Nigeria currently has a tax treaty agreement(FRANCE).
Posted by: Babafemi Odumuyiwa | 20 November 2012 at 03:41 PM
Hello Taiwo,
What is your take on FIRS publication of Sept 21st page 56 regarding clarification on CRA? Thanks
Posted by: Dosumu Olugbenga | 31 October 2012 at 05:39 PM
@Chinenye - Yes, any supply of goods or services is liable to VAT except where sepcifically exempted or zero rated in the law.
Posted by: Taiwo | 26 October 2012 at 03:17 PM
Hello Taiwo,
VAT as I understand it is charged on services or supplies of goods, for services such as a vendor supplying beverages(provisions) to our company on a monthly basis to all staff, and as it is a contract of supply. Is the supply of the provision liable to VAT?
Posted by: chinenye | 19 October 2012 at 09:45 AM
@Oluwadamilola - If there is any company not applying the investment allowance it must be out of ignorance. Otherwise it is commonly applied by companies in Nigeria.
Posted by: Taiwo | 15 October 2012 at 09:33 PM
Hello Taiwo,
Going through the Tax Data Card, you said companies can claim 10% Investment Allowance on Expenditure of Plant & Equipment, but in reality most companies don't. Why is it so. Thanks.
Posted by: Oluwadamilola | 22 August 2012 at 03:30 PM