TaxProMax is an online portal by the Federal Inland Revenue Service (FIRS) that seeks to ease tax compliance procedures in Nigeria. The electronic platform allows taxpayers to register for tax, and apply for and check the validity of tax clearance certificate (TCC). Other features…
The Joint Tax Board (JTB) issues a certificate of tax identification number (TIN) to individuals and businesses in Nigeria. Upon successful registration on , the new taxpayer can download the certificate which JTB will deliver to the e-mail address. TIN is a specific…
BRC Publication contains an investor’s guide to doing business in Nigeria in 2024. The document is a general guide for foreign investors who intend to establish a new business in Nigeria, Western Africa. It contain the different phases as well as type of business…
The document is a general guide for foreign investors who intend to establish a new business in Nigeria, Western Africa. Country Profile: Population (2024): 229,152,217 Area: 923,768 square km Capital: Abuja Political system: Presidential GDP/capita (2024): $1,087.89 Currency: Naira (NGN) Language: English Key…
Nigeria’s Minister of Finance has released the Deduction of tax at source (Withholding) Regulations 2024 (Withholding regulations 2024). (Withholding regulations 2024 contain the revised rules for deducting tax on specific transactions from payments to taxable persons under the Capital Gains Tax Act, Companies Income Tax…
President Bola Ahmed Tinubu has signed an Executive Order to boost the manufacturing of healthcare products in Nigeria. The Order allows zero tariffs, excise duties, and value added tax (VAT) on selected machinery, equipment, and raw materials. Healthcare products include pharmaceuticals, diagnostics, needles…
Technology has changed the way a business supplies goods or services. More so, a foreign company may not need to travel physically to conclude a transaction with a consumer in Nigeria. Another name for a foreign company is a non-resident company. In this article,…
“We will require your tax clearance certificate to……”. “Please submit your TCC to complete the application”. If you are an employee or self-employed person in Nigeria, you may have heard these words from a bank or government agency. The first step to managing…
