Nigeria VAT Increases from 5% to 7.5% by 2020
Nigeria VAT Increases from 5% to 7.5% by 2020 Nigerians to pay more for goods and services over proposed VAT increase. This means that Nigerians may have to pay more…
Personal Income Tax Formula: Non-Allowable Expenses
Personal Income Tax Formula: Non-Allowable Expenses Personal Income Tax Formula: Non-Allowable Expenses - In this re non-allowable expenses for personal income tax administration and computation in Nigeria. Individuals, Sole Traders…
Personal Income Tax Allowable Expenses You Must Claim
Personal Income Tax Allowable Expenses You Must Claim - Individuals, Sole Traders or Proprietors, and employees, all make personal allowances claims to arrive at their taxable income. Therefore, inherent questions…
Personal Income Tax (PIT) Analysis: Assessable Income
Personal Income Tax (PIT) Analysis: Assessable Income - Is Assessable income equal to adjusted profit or adjusted income or Taxable income? The Nigeria personal income tax act 2014 has the…
Personal Income Tax (PIT) Equation: Gross Income
Personal Income Tax (PIT) Equation: Gross Income - There are various principles to note about gross income for tax purposes in Nigeria. These include the components of gross income, gross…
Personal Income Tax (PIT) Formula: PAYE Computation
Personal Income Tax (PIT) Formula: PAYE Computation - Associated with this are PAYE calculation formula, monthly PAYE tax calculator, Personal Income Tax Act in Nigeria all giving rise to how…
Personal Income Tax (PIT) Equation: PIT Computation for Sole Proprietor
Personal Income Tax (PIT) Equation: PIT Computation for Sole Proprietor - The thrust of this write-up is on the Personal Income Tax Act as amended in Nigeria. This write-up therefore,…
Computation of Sole Proprietor’s Tax Liability in Nigeria
Computation of Sole Proprietor's Tax Liability in Nigeria - Computation of Sole Proprietor's Tax Liability in Nigeria therefore is related to tax types in Nigeria. Those concerned are small businesses,…
Sole Proprietor & Partnership Tax Conditions in Nigeria
Sole Proprietor & Partnership Tax Conditions in Nigeria - The fact that majority of businesses in Nigeria are in the hands of sole proprietorship or partnership makes this topic an…
Taxation of a sole trader in Nigeria: Facts you must know
Taxation of a sole trader in Nigeria: Facts you must know Taxation of a sole trader in Nigeria: Facts you must know - Taxation of a sole trader in…