Tax & Business Matters - Nigeria

Still on the taxation of non-resident companies

The days of deemed profit as the default basis for calculating the income tax payable by foreign companies operating in Nigeria may be over. Not only will such companies be required to compute tax based on actual profits, they must also render financial statements in accordance with IFRS audited by Nigeria based auditors.

Find out more from my article published by the Guardian Newspaper on Monday 17 Nov 2014.

Download Still on the taxation of foreign companies

Guardian article 

November 2014 Tax Calendar

Uploaded below is our tax calendar for the new month. This will help you keep an eye on the tax filing and payment deadlines in order to avoid penalties and interest.

Download Tax Calendar_November 2014