A newly registered Private Limited Company.
SOLAR HAVEN GLOBAL INSTALLATION LTD officially a registered Company under the Limited Liability Company Class.
Duration: 5 working days.
Share Capital: 1 Million Share Capital
Total Fees: N70,000.
Do well to contact Gomez Corporate Consult Ltd your CAC accredited firm for your company, NGO, business name, trademark, tax filings, TCC etc.

We assisted clients/ promoters in the following areas:
1. Company Registration (Business Name & Partnership)
2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee)
3. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative etc)
4. Intellectual Properties (Trademark, Patents, Specialized Designs)
5. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings etc)
6. EFCC SCUML Application
7. NAFDAC Registration
8. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart etc)
9. Corporate Services (Consent Code Application, Company Search etc)
10. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations at a subsidized fees).

Some of our services at affordable cost:
Business Name Registration: N25,000 (Certificate will be out within 5 working days)
Limited Liability Company (1 million share capital): N70,000 (Certificate will be out within 5 Working days)
Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N120,000 (Certificate will be out within 30 days (inclusive of the mandatory 28 days for public opinion).

Contact Gomez Corporate Consult LTD by visiting our website: www.gomezconsult.com; call us on 08107804290 or 08102794272; mail us on info@gomezconsult.com now.

Some of the company registrations conducted this week.

A newly registered Incorporated Trustees (FOUNDATION) courtesy of Gomez Corporate Consult LTD.
THE ELIZABETH OWHE FOUNDATION is officially incorporated under the Incorporated Trustees Class.
Duration: 30 days (inclusive of the statutory 28days for public notice after publications)
Total Fees: N120,000.
Contact Gomez Corporate Consult LTD on 08107804290 or info@gomezconsult.com or visit www.gomezconsult.com for questions or inquiries now.

We assisted clients/ promoters in the following areas:
1. Company Registration (Business Name & Partnership)
2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee)
3. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative etc)
4. Intellectual Properties (Trademark, Patents, Specialized Designs)
5. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings etc)
6. EFCC SCUML Application
7. NAFDAC Registration
8. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart etc)
9. Corporate Services (Consent Code Application, Company Search etc)
10. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations at a subsidized fees).

Some of our services at affordable cost:
Business Name Registration: N25,000 (Certificate will be out within 5 working days)
Limited Liability Company (1 million share capital): N70,000 (Certificate will be out within 5 Working days)
Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N120,000 (Certificate will be out within 30 days (inclusive of the mandatory 28 days for public opinion).

Contact Gomez Corporate Consult LTD by visiting our website: www.gomezconsult.com; call us on 08107804290 or 08102794272; mail us on info@gomezconsult.com now.

Some of the company registrations conducted this week.

The Federal Government have done it again. Business Name Registration is officially 50% discount off it’s standard charges.
In lieu with this development, our business name registration total fees is now officially N15,000. If you missed out then, now is your 2nd chance. Don’t miss out, contact us now.
Call/ WhatsApp: 08107804290, mail: info@gomezconsult.com or visit www.gomezconsult.com now.
Courtesy: Gomez Corporate Consult LTD.

We assisted clients/ promoters in the following areas:
1. Company Registration (Business Name & Partnership)
2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee)
3. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative etc)
4. Intellectual Properties (Trademark, Patents, Specialized Designs)
5. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings etc)
6. EFCC SCUML Application
7. NAFDAC Registration
8. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart etc)
9. Corporate Services (Consent Code Application, Company Search etc)
10. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations at a subsidized fees).

Some of our services at affordable cost:
Business Name Registration: N15,000 (Certificate will be out within 5 working days)
Limited Liability Company (1 million share capital): N70,000 (Certificate will be out within 5 Working days)
Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N120,000 (Certificate will be out within 30 days (inclusive of the mandatory 28 days for public opinion).

Contact Gomez Corporate Consult LTD by visiting our website: www.gomezconsult.com; call us on 08107804290 or 08102794272; mail us on info@gomezconsult.com now.

Some of the company registrations conducted this week.

Hurray! Hurray!! Hurray!!! Corporate Bonanza Courtesy of Gomez Corporate Consult LTD

In lieu of the current discount initiated by the Federal Government, through the Corporate Affairs Commission (CAC) on all company/ corporate registrations. Gomez Corporate Consult LTD (Nigeria foremost corporate firm) will like to notify the general public that there will be a review of charges on all corporate registrations. Therefore, our current professional charges are contain below:
1. Business Name/Enterprises/Ventures: N15,000
2. Limited by Shares Company (1 million share capital): N50,000
3. Incorporated Trustees/ NGO/ Foundation/ Assocaition/ Church: N100,000
4. Trademark (Word/ Word with Image): N40,000
5. Etc…

We assisted clients/ promoters in the following areas:
1. Company Registration (Business Name & Partnership)
2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee)
3. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative etc)
4. Intellectual Properties (Trademark, Patents, Specialized Designs)
5. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings etc)
6. EFCC SCUML Application
7. NAFDAC Registration
8. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart etc)
9. Corporate Services (Consent Code Application, Company Search etc)
10. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations at a subsidized fees).

Some of our services at affordable cost:
Business Name Registration: N15,000 (Certificate will be out within 5 working days)
Limited Liability Company (1 million share capital): N50,000 (Certificate will be out within 5 Working days)
Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N100,000 (Certificate will be out within 30 days (inclusive of the mandatory 28 days for public opinion).

Contact Gomez Corporate Consult LTD by visiting our website: www.gomezconsult.com; call us on 08107804290 or 08102794272; mail us on info@gomezconsult.com now.

Some of the registrations concluded this week by Gomez Corporate Consult LTD.

Do you know
For the registration of an Incorporated Trustees (Church, Club, NGO, Association, Initiative, Foundation, Support etc.)
You can get the following:
1. CAC IT Certificate
2. Certified Constitution & Application Form
3. TIN Slip
4. Iron Seal
5. EFCC SCUML
All this necessary documents for the sum of N140,000 with a duration of 45 days (inclusive of the mandatory 28 days for public notice).


We assisted clients/ promoters in the following areas:
1. Company Registration (Business Name & Partnership)
2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee)
3. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative etc)
4. Intellectual Properties (Trademark, Patents, Specialized Designs)
5. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings etc)
6. EFCC SCUML Application
7. NAFDAC Registration
8. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart etc)
9. Corporate Services (Consent Code Application, Company Search etc)
10. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations at a subsidized fees).

Some of our services at affordable cost:
Business Name Registration: N15,000 (Certificate will be out within 5 working days)
Limited Liability Company (1 million share capital): N50,000 (Certificate will be out within 5 Working days)
Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N100,000 (Certificate will be out within 30 days (inclusive of the mandatory 28 days for public opinion).

Contact Gomez Corporate Consult LTD by visiting our website: www.gomezconsult.com; call us on 08107804290 or 08102794272; mail us on info@gomezconsult.com now.

Below are some concluded company registrations in this past week.

OLORUNOSUN BUSINESS VENTURES officially is a registered Company under the Business Name Class.
Duration: 5 working days.
Total Fees: N15,000.
Company Promoter: Mr Temmy

Do well to contact Gomez Corporate Consult Ltd your CAC accredited firm for your company, NGO, business name, trademark, tax filings, TCC etc.

We assisted clients/ promoters in the following areas:
1. Company Registration (Business Name & Partnership)
2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee)
3. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative etc)
4. Intellectual Properties (Trademark, Patents, Specialized Designs)
5. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings etc)
6. EFCC SCUML Application
7. NAFDAC Registration
8. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart etc)
9. Corporate Services (Consent Code Application, Company Search etc)
10. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations at a subsidized fees).

Some of our services at affordable cost:
Business Name Registration: N15,000 (Certificate will be out within 5 working days)
Limited Liability Company (1 million share capital): N50,000 (Certificate will be out within 5 Working days)
Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N100,000 (Certificate will be out within 30 days (inclusive of the mandatory 28 days for public opinion).

Contact Gomez Corporate Consult LTD by visiting our website: www.gomezconsult.com; call us on 08107804290 or 08102794272; mail us on info@gomezconsult.com now.

LUMINOSO GLOBAL COMPANY LTD is officially a registered Company under the Limited Liability Company Class.
Duration: 5 working days.
Share Capital: 1 Million Share Capital
Total Fees: N50,000
Company Promoter: Mr Bright
Location: Lagos, Nigeria


We assisted clients/ promoters in the following areas:
1. Company Registration (Business Name & Partnership)
2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee)
3. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative etc)
4. Intellectual Properties (Trademark, Patents, Specialized Designs)
5. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings etc)
6. EFCC SCUML Application
7. NAFDAC Registration
8. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart etc)
9. Corporate Services (Consent Code Application, Company Search etc)
10. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations at a subsidized fees).

Some of our services at affordable cost:
Business Name Registration: N15,000 (Certificate will be out within 5 working days)
Limited Liability Company (1 million share capital): N50,000 (Certificate will be out within 5 Working days)
Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N100,000 (Certificate will be out within 30 days (inclusive of the mandatory 28 days for public opinion).

Contact Gomez Corporate Consult LTD by visiting our website: www.gomezconsult.com; call us on 08107804290 or 08102794272; mail us on info@gomezconsult.com now.

3 days!!! 3 days Extension of 50% discount fees on all Business Registrations.

Do you know that the Corporate Affairs Commission have extended the 50% discount charges on all business registrations by three (3) days.

Now, you are offered another golden opportunity to register that proposed company, business idea, venture or enterprise at an affordable fees.

Contact Gomez Corporate Consult LTD on 08107804290, mail info@gomezconsult.com now.


We assisted clients/ promoters in the following areas:
1. Company Registration (Business Name & Partnership)
2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee)
3. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative etc)
4. Intellectual Properties (Trademark, Patents, Specialized Designs)
5. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings etc)
6. EFCC SCUML Application
7. NAFDAC Registration
8. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart etc)
9. Corporate Services (Consent Code Application, Company Search etc)
10. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations at a subsidized fees).

Some of our services at affordable cost:
Business Name Registration: N15,000 (Certificate will be out within 5 working days)
Limited Liability Company (1 million share capital): N50,000 (Certificate will be out within 5 Working days)
Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N100,000 (Certificate will be out within 30 days (inclusive of the mandatory 28 days for public opinion).

Contact Gomez Corporate Consult LTD by visiting our website: www.gomezconsult.com; call us on 08107804290 or 08102794272; mail us on info@gomezconsult.com now.

Can you assist with DPR and NSITF registration services?

Ijeoma660:
Can you assist with DPR and NSITF registration services?

Feel free to contact us on 08107804290, via call WhatsApp or mail info@gomezconsult.com or gomezconsult.com today.

Yes, the Corporate Affairs Commission (CAC) encourage public users to register or incorporate their companies (Business Names, Limited Companies, NGOs) but do you know that there are some errors that renders a registration into queries, double payment, incorrect information etc., in as much as I am willing to assist people make correction, I also will like people to patronize professionals (especially, if you do not have much knowledge on corporate law). Mind you, I am open to all assistance but this days I get more queries or queried application to work on and some of them have paid doubled or the errors are not correctable. Please, if you are sure of undertaking a task, engage a CAC Accredited Agent, a number of us are affordable, faster and you will even get after-sales services on taxation, other government registrations, responsibility of your companies and liabilities attach to running your company effectively.


We assisted clients/ promoters in the following areas:
1. Company Registration (Business Name & Partnership)
2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee)
3. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative etc)
4. Intellectual Properties (Trademark, Patents, Specialized Designs)
5. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings etc)
6. EFCC SCUML Application
7. NAFDAC Registration
8. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart etc)
9. Corporate Services (Consent Code Application, Company Search etc)
10. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations at a subsidized fees).

Some of our services at affordable cost:
Business Name Registration: N25,000 (Certificate will be out within 5 working days)
Limited Liability Company (1 million share capital): N70,000 (Certificate will be out within 5 Working days)
Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N120,000 (Certificate will be out within 30 days (inclusive of the mandatory 28 days for public opinion).

Contact Gomez Corporate Consult LTD by visiting our website: www.gomezconsult.com; call us on 08107804290 or 08102794272; mail us on info@gomezconsult.com now.

Gomez Corporate Consult LTD is fast growing to become Nigerian all inclusive corporate registrations center, with over 700 companies, 100 trademarks, several TCC, TIN/VAT and now NEPC registrations.

Are you interested in NEPC registration, that’s export license, within 5 working days.

Contact Gomez Corporate Consult LTD on 08107804290, email info@gomezconsult.com or visit www.gomezconsult.com now.


We assisted clients/ promoters in the following areas:
1. Company Registration (Business Name & Partnership)
2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee)
3. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative etc)
4. Intellectual Properties (Trademark, Patents, Specialized Designs)
5. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings etc)
6. EFCC SCUML Application
7. NAFDAC Registration
8. NEPC Registration
9. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart etc)
10. Corporate Services (Consent Code Application, Company Search etc)
11. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations at a subsidized fees).

Some of our services at affordable cost:
Business Name Registration: N25,000 (Certificate will be out within 5 working days)
Limited Liability Company (1 million share capital): N70,000 (Certificate will be out within 5 Working days)
Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N120,000 (Certificate will be out within 30 days (inclusive of the mandatory 28 days for public opinion).

Contact Gomez Corporate Consult LTD by visiting our website: www.gomezconsult.com; call us on 08107804290 or 08102794272; mail us on info@gomezconsult.com now.

Are you a director/shareholder in a registered company?
A trustee in a registered organization, foundation, association, church or club (NGO)?
Have you registered your company, limited company or incorporation trustees (NGO) with the SCUML (EFCC)?

DECKAGON PROJECTS CONSULT & SOLUTIONS LIMITED is a newly registered Company with the SCUML (EFCC) Department, Courtesy of Gomez Corporate Consult LTD.

Duration: 4 working days.

Contact GCCL for all round corporate registrations on 08107804290, email info@gomezconsult.com or visit www.gomezconsult.com now.


We assisted clients/ promoters in the following areas:
1. Company Registration (Business Name & Partnership)
2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee)
3. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative etc)
4. Intellectual Properties (Trademark, Patents, Specialized Designs)
5. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings etc)
6. EFCC SCUML Application
7. NAFDAC Registration
8. NEPC Registration
9. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart etc)
10. Corporate Services (Consent Code Application, Company Search etc)
11. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations at a subsidized fees).

Some of our services at affordable cost:
Business Name Registration: N25,000 (Certificate will be out within 5 working days)
Limited Liability Company (1 million share capital): N70,000 (Certificate will be out within 5 Working days)
Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N120,000 (Certificate will be out within 30 days (inclusive of the mandatory 28 days for public opinion).

Contact Gomez Corporate Consult LTD by visiting our website: www.gomezconsult.com; call us on 08107804290 or 08102794272; mail us on info@gomezconsult.com now.

INNOINCLUSION NIG LTD is officially a registered Company under the Limited Liability Company Class.
Duration: 5-10 working days.
Share Capital: 1 Million Share Capital
Total Fees: N70,000
Company Promoter: Mr ThankGod
Location: Lagos, Nigeria
Do well to contact Gomez Corporate Consult Ltd your CAC accredited firm for your company, NGO, business name, trademark, tax filings, TCC, NEPC etc.
Contact Gomez Corporate Consult LTD on 08107804290 or info@gomezconsult.com or visit www.gomezconsult.com now


We assisted clients/ promoters in the following areas:
1. Company Registration (Business Name & Partnership)
2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee)
3. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative etc)
4. Intellectual Properties (Trademark, Patents, Specialized Designs)
5. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings etc)
6. EFCC SCUML Application
7. NAFDAC Registration
8. NEPC Registration
9. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart etc)
10. Corporate Services (Consent Code Application, Company Search etc)
11. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations at a subsidized fees).

Some of our services at affordable cost:
Business Name Registration: N25,000 (Certificate will be out within 5 working days)
Limited Liability Company (1 million share capital): N70,000 (Certificate will be out within 5 Working days)
Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N120,000 (Certificate will be out within 30 days (inclusive of the mandatory 28 days for public opinion).

Contact Gomez Corporate Consult LTD by visiting our website: www.gomezconsult.com; call us on 08107804290 or 08102794272; mail us on info@gomezconsult.com now.

Thanks for this post. I am a car sales agent but have a registered Business name. Pls how do I go about calculating and paying my tax. Is the kind of business I do taxable?

Nairasum:
A Value Added Tax is a type of consumption tax that is levied on products on every point of sale where value has been added to the product. It starts from the raw material stage to the final point of sale stage where it is bought by the consumer.

Consumption tax is simply defined as a tax levied on the purchase of goods and services. Every seller in the production chain charges a VAT charge to the buyer, which is then remitted to the government. The amount of VAT tax levied at each point of sale along the chain of production is based on the value added by the seller.

This is provided for by the Value Added Tax Decree 102 of 1993 but it actually became effective in 1994. Value Added Tax is charged 5% on all VATable goods and services.The VAT decree requires manufacturers, wholesalers, importers and suppliers of VATable goods and services to be registered within six months of commencement of business. VAT is administered by the Federal Inland Revenue Services through its VAT directorate with offices in almost all the local government areas in the country.

Who are those that should pay VAT?

A VATable person is one that deals in VATable goods and services. Example of such include:

• A limited liability company e.g. Tunde Limited
• A firm e.g. Law & Co.
• A sole trader e.g. Emeka & Brothers
• An individual e.g. Lawal shops
• A Club or society e.g. Gbaja Social Club

When you registered and become a VAT payer, 5% of the money your customers pay for your goods and services is called the OUTPUT VAT

On the other hand when you purchase any goods and services, 5% of the money you pay is called your INPUT VAT.

To then calculate the amount that goes to the government, you have to subtract your INPUT VAT from the OUTPUT VAT

This means; Total VAT payable to the government = Output VAT – Input VAT

Calculating VAT

E.g. 1

In 2001, a phone manufacturer sold a phone to a final consumer for N250,000. The raw materials for this phone was bought at N100,000. Find the

(i) Output VAT
(ii) Input VAT
(iii) Total VAT payable to the government

Solution

Output VAT = The 5%VAT you charge on goods and services you supply or sell

Input VAT = The 5% VAT you pay on goods and services that you use.

Since the manufacturer of the product sold the product for N250,000, the 5% of the 250,000 Naira is the output VAT. (This is constant because we assume that 5% VAT is always added on every goods and services sold).

Output VAT = 5% of 250,000 Naira

Output VAT = 12,500 Naira.

While…

Since the manufacturer spent 100,000 Naira to buy the raw materials, 5% of that amount is called the input VAT.

Input VAT = 5% of 100,000 Naira

Input VAT = 5000 Naira.

The total VAT payable = Output VAT – Input VAT

Total VAT payable = 12,500 – 5000

Total VAT payable = 7500 Naira.

E.g. 2

Mr Jide’s total sales for the month of April were recorded at 400,000 Naira. But he spent 200,000 Naira on purchases for his company. Calculate the total payable VAT he should pay to the government.

Solution

Output VAT = 5% of his sales

Output VAT = 5% of 400,000 Naira

Output VAT = 20,000 Naira.

While…

Input VAT = 5% of his purchases

Input VAT = 5% of 200,000 Naira

Input VAT = 10,000 Naira.

Therefore…

Total VAT payable to the government becomes;

Output VAT – Input VAT

Total VAT Payable

= 20,000 – 10,000
= 10,000 Naira

This amount is payable where the output tax exceeds the input tax. In a situation where the input tax exceeds the output tax, the deficit can be claimed by the refund.

There are three ways to claim your refund:

1. The credit method
2. Direct cash refund method and
3. A combination of the two.

The application of the credit method is the most widely used because of the difficulty that may be encountered with cash refunds.

GOODS EXEMPTED FROM VAT

Certain goods and services are not VATable. The implication is that VAT charges are not applicable to it. On the other hand, certain goods and services are considered zero rates. This implies that the goods are VATable, but the application is zero percent.

Example of Goods exempted from VAT

• Medical and pharmaceutical products
• Basic food items
• Books and educational materials
• Baby products
• Commercial vehicles and their spare parts
• Agricultural equipment and products and vertinary medicine.
• Fertilizers, farming machinery and farming transportation equipment
• All exports
• Plants and machinery used in export processing zone
• Plant, machinery and equipment purchased for utilization of gas in downstream petroleum operations
• Tractors, ploughs, agricultural equipment and implements purchased for agricultural purposes.

Services Exempted From VAT

• Services of Community Banks, People banks and primary mortage institutions.
• Plays and performances conducted by educational institutions as part of learning
• Services related to education
• Medical services
• All exported services

Form in use by the Tax Payer

The following forms are in use by the tax payers

1. Form VAT 001
2. Form VAT 002

Form VAT 001 – VAT Registration Form

This is the standard registration form for VAT. It is supposed to be completed by a potential VAT payer within six months of the commencement of business.

VAT Form 001 usually contains the following information:

• The name of the taxpayer
• The principal place of business of the taxpayer
• Other branches or units where business is carried on
• The date of incorporation of business
• The date of commencement of business
• The registration number of the business
• The nature of business
• Types of goods/services dealt in
• The local VAT office where registration is sought
• The name and designation of a principal officer of the business
• The date application is filled.

The application must also bear the official stamp of the business, a formal written application for registration on the business letter-headed paper as well as the signature of the principal officer. A copy of the registration certificate must be attached but the original would be presented for sighting.

FORM VAT 002 - Value Added Tax Returns

This is the standard value added Tax returns to be filled every month. A typical form 002 contains the following information.

• VAT identification number
• Name and address of the VAT payer
• The local VAT office where the return is being filled
• The month for which return is related
• Total VATable supplied made
• The zero-rated supplied included in the VATable supplies
• The total supplied subjected to VAT
• VAT charged
• Any adjustments
• Total tax output
• VAT on domesticated supplies received
• VAT adjustments on supplies received
• VAT on import
• Total VAT payable
• VAT on purchases not wholly used to be backed out of total VAT payable
• VAT taken at source, also to be backed out of VAT payable
• Total input tax
• Amount payable or refundable
• A declaration by an official of the taxpayer that the particulars in the returns are true and correct.

About Nairasum

We are a firm of qualified accountants who specialize in providing affordable bookkeeping and accounting services to small and medium-sized companies in Nigeria. Learn more about us at www.nairasum.com

AGRITECH PROFIT LTD is officially a registered Company under the Limited Liability Company Class.

Duration: 5-10 working days.
Share Capital: 1 Million Share Capital
Total Fees: N70,000
Company Promoter: Mr Trend
Location: Lagos, Nigeria

Do well to contact Gomez Corporate Consult Ltd your CAC accredited firm for your company, NGO, business name, trademark, tax filings, TCC, NEPC etc.
Contact Gomez Corporate Consult LTD on 08107804290 or info@gomezconsult.com or visit www.gomezconsult.com now


We assisted clients/ promoters in the following areas:
1. Company Registration (Business Name & Partnership)
2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee)
3. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative etc)
4. Intellectual Properties (Trademark, Patents, Specialized Designs)
5. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings etc)
6. EFCC SCUML Application
7. NAFDAC Registration
8. NEPC Registration
9. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart etc)
10. Corporate Services (Consent Code Application, Company Search etc)
11. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations at a subsidized fees).

Some of our services at affordable cost:
Business Name Registration: N25,000 (Certificate will be out within 5 working days)
Limited Liability Company (1 million share capital): N70,000 (Certificate will be out within 5 Working days)
Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N120,000 (Certificate will be out within 30 days (inclusive of the mandatory 28 days for public opinion).

Contact Gomez Corporate Consult LTD by visiting our website: www.gomezconsult.com; call us on 08107804290 or 08102794272; mail us on info@gomezconsult.com now.

GCCL ALL INCLUSIVE CORPORATE BONAZA!!!
Gomez Corporate Consult LTD is at it again. Do you know that Nigeria foremost corporate center is given out discount on all its corporate registration this season?
• Business Name: N20,000 no longer N25,000 with duration 5-7 working days.
• Private Limited Company (LTD): N50,000 no longer N70,000 with duration 5-7 working days.
• Public Limited Company (PLC): N70,000 no longer N90,000 with duration 5-7 working days.
• Incorporated Trustees (NGO): N100,000 no longer N120,000 with a duration of 30 days.
• Trademark Registration: N40,000 no longer N50,000 with a duration of 10 working days.
• NEPC Registration: N40,000.

Other Services we offer:
1. Limited by Guarantee
2. TCC Application
3. FIRS TIN/VAT Letter
4. EFCC SCUML
5. BPP Registration
6. Tax Clearance Certificate (TCC)
7. NIPC Registration
8. NSITF Registration
9. ITF Registration
10. PENCOM Registration
11. RECRUITER’S LICENCE Registration
12. NAFDAC Registration

Contact GCCL on via Call/WhatsApp on 08107804290/ 08102794272, Email: info@gomezconsult.com or Visit: www.gomezconsult.com now.

Discount! Discount!! Discount!!!

*TECH HOME FOUNDATION* is a officially a registered Foundation by CAC under the Incorporated Trustees Class. Courtesy of Gomez Corporate Consult LTD.

Total Fees: N100,000
Duration: 30 days (Inclusive of the mandatory 28 days of public notice)
Promoter: Mr Olufemi
Location: Enugu State, Nigeria.

Other Services we offer:
1. Upgrade of Business Name to LTD
2. Limited by Guarantee
3. TCC Application
4. FIRS TIN/VAT Letter with Seal
5. EFCC SCUML
6. BPP Registration
7. Tax Clearance Certificate (TCC)
8. NIPC Registration
9. NSITF Registration
10. ITF Registration
11. PENCOM Registration
12. RECRUITER’S LICENCE Registration
13. NAFDAC Registration
14. Post Incorporation Applications.

Contact GCCL on via Call/WhatsApp on 08107804290/ 08102794272, Email: info@gomezconsult.com or Visit: www.gomezconsult.com now.

With over 350 companies registered in the last two years and over 850 companies registered in 6 years as CAC Accredited Firm, with vase taxation experience in TCC Application, VAT/CIT Filings as a Chartered Tax Consultancy, over 70 trademarks registered as an IPON Accredited Firm, several NEPC, NIPC, NAFDAC, EFCC SCUML, and other relevant corporate registration.

Gomez Corporate Consult LTD is a duly registered legal firm with RC 1450990; it is a corporate registration firm which embodies experienced corporate professionals like lawyers, chartered secretaries, chartered accountants & tax consultants which are saddled with the responsibility of assisting company promoters, clients & emerging SMEs residing within Nigeria, in Diaspora and foreign nationals with all relevant corporate registrations.

We assisted clients/ promoters in the following areas:
1. Company Registration (Business Name & Partnership)
2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee)
3. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative, etc)
4. Intellectual Properties (Trademark, Patents, Specialized Designs)
5. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings, etc)
6. EFCC SCUML Application
7. NAFDAC Registration
8. NEPC Registration
9. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart, etc)
10. Corporate Services (Consent Code Application, Company Search, etc)
11. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations at a subsidized fee).

Some of our services at an affordable cost:
Business Name Registration: N25,000 (Certificate will be out within 10 working days)
Limited Liability Company (1 million share capital): N60,000 (Certificate will be out within 10 Working days)
Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N120,000 (Certificate will be out within 30 days (inclusive of the mandatory 28 days for a public opinion after the newspaper publications).

Note, Free delivery of certificate and certified documents for all clients and company promoters in Nigeria.

Contact Gomez Corporate Consult LTD by visiting our website: www.gomezconsult.com; call us on 08107804290 or 08102794272; mail us on info@gomezconsult.com now.

With over 350 companies registered in the last two years and over 850 companies registered in 6 years as CAC Accredited Firm, with vase taxation experience in TCC Application, VAT/CIT Filings as a Chartered Tax Consultancy, over 70 trademarks registered as an IPON Accredited Firm, several NEPC, NIPC, NAFDAC, EFCC SCUML, and other relevant corporate registration.

Gomez Corporate Consult LTD is a duly registered legal firm with RC 1450990; it is a corporate registration firm which embodies experienced corporate professionals like lawyers, chartered secretaries, chartered accountants & tax consultants which are saddled with the responsibility of assisting company promoters, clients & emerging SMEs residing within Nigeria, in Diaspora and foreign nationals with all relevant corporate registrations.

We assisted clients/ promoters in the following areas:
1. Company Registration (Business Name & Partnership)
2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee)
3. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative, etc)
4. Intellectual Properties (Trademark, Patents, Specialized Designs)
5. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings, etc)
6. EFCC SCUML Application
7. NAFDAC Registration
8. NEPC Registration
9. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart, etc)
10. Corporate Services (Consent Code Application, Company Search, etc)
11. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations at a subsidized fee).

Some of our services at an affordable cost:
Business Name Registration: N25,000 (Certificate will be out within 10 working days)
Limited Liability Company (1 million share capital): N60,000 (Certificate will be out within 10 Working days)
Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N120,000 (Certificate will be out within 30 days (inclusive of the mandatory 28 days for a public opinion after the newspaper publications).

Note, Free delivery of certificate and certified documents for all clients and company promoters in Nigeria.

Contact Gomez Corporate Consult LTD by visiting our website: www.gomezconsult.com; call us on 08107804290 or 08102794272; mail us on info@gomezconsult.com now.

Below are some of this week despatchs. GCCL.....the help that counts.

Welcome to the year 2021, the beginning of a new decade. For us, in Gomez Corporate Consult LTD we will like to felicitate and promise all our existing clients, company promoters and prospects the best of service delivery and customer's experience. Let the journey begins!!!

Some of our services at an affordable cost:
Business Name Registration: N25,000 (Certificate will be out within 10 working days)
Limited Liability Company (1 million share capital): N60,000 (Certificate will be out within 10 Working days)
Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N120,000 (Certificate will be out within 30 days (inclusive of the mandatory 28 days for a public opinion after the newspaper publications).

Note, Free delivery of certificate and certified documents for all clients and company promoters in Nigeria.

Contact Gomez Corporate Consult LTD by visiting our website: www.gomezconsult.com call us on 08107804290 or 08102794272; mail us on info@gomezconsult.com now.

Price Slash! Price Slash!! Price Slash!!!
Gomez Corporate Consult LTD is at it again, it’s our usual beginning of the year price slash on all corporate registration and services. With over 900 companies and corporate entities registered, our expertise and professional services range across a variety of corporate registrations and consultancy in Nigeria.
Our pursuit is to offer on-spot corporate assistance and meet the needs of relevant SMEs, clients & company promoters in Nigeria & the Diaspora.

We assisted clients/ promoters in the following areas:
1. Company Registration (Business Name & Partnership)
2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee)
3. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative, etc)
4. Intellectual Properties (Trademark, Patents, Specialized Designs)
5. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings, etc)
6. EFCC SCUML Application
7. NAFDAC Registration
8. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart etc)
9. Corporate Services (Consent Code Application, Company Search etc)
10. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations).

Some of our services at affordable cost:

Business Name Registration: N20,000 (Certificate will be out within 10 working days)
Limited Liability Company (1 million share capital): N50,000 (Certificate will be out within 10 Working days)
Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N100,000 (Certificate will be out within 30 days (inclusive of the mandatory 28 days for a public opinion after the newspaper publications).

Contact us by visiting our website: www.gomezconsult.com call us on 08107804290 or 08102794272; mail us on info@gomezconsult.com.
Below are some of last week's registered entities.