Basics of corporate taxation in Nigeria

A session on the topic “Understanding the basics of corporate taxation”. Corporate taxation is a tax on the profits of a company. It is a direct tax.

The presentation looks at the following topics.

Scope

Residence

Rate

Profits exempt, expenses

Withholding tax

Minimum tax, excess dividends tax

Tax filing, Due date, Penalty

Reference: Companies Income Tax Act (CITA) Cap 60, 2004 as amended and Finance Acts 2019, 2020, 2021