Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,150,604 members, 7,809,204 topics. Date: Friday, 26 April 2024 at 05:00 AM |
Nairaland Forum / Nairaland / General / Business / How Much Does Online Companies Pay As Tax? (278 Views)
Time For Online Companies To Pay Tax In Africa / How Companies Pay It Owners & Shareholders - Entrepreneurs / NLNG Remits $6.5b As Tax To FIRS (2) (3) (4)
How Much Does Online Companies Pay As Tax? by Emmy2009(m): 1:27pm On Jan 01, 2021 |
Hey guys, I incorporated a new company few weeks ago and looking to get a corporate account soon. However, I dont have a physical office since my business is 100percent online. How does company tax work for this kind of business and how do I pay it? |
Re: How Much Does Online Companies Pay As Tax? by Donald3d(m): 3:39pm On Jan 01, 2021 |
Emmy2009: I am also curious, I have read about it. But I didn't get satisfactory info |
Re: How Much Does Online Companies Pay As Tax? by Emmy2009(m): 6:31pm On Jan 04, 2021 |
Can someone help with an answer |
Re: How Much Does Online Companies Pay As Tax? by PatrickOkunima(m): 7:12pm On Jan 04, 2021 |
To the best of my knowledge, Nigerian businesses that operate 100% online do not pay taxes. They ought to by law, but they don't. The ones with physical offices default, how much more one without an office. How will the FIRS locate you? Edited: The tax rate is 30% or 40% of profit, depending on the industry: non oil and gas or oil and gas. |
Re: How Much Does Online Companies Pay As Tax? by Emmy2009(m): 5:43pm On Jan 13, 2021 |
PatrickOkunima: What? 30% of profit. I thought it was 7% or something. That's too much |
Re: How Much Does Online Companies Pay As Tax? by PatrickOkunima(m): 6:27pm On Jan 13, 2021 |
Emmy2009: Taxation is a complex subject. VAT is 7.5% CIT is 30 or 40%. Businesses that are not incorporated (Sole proprietor, partnership) pay personal income tax which varies, but may not be up to 20%. There's a calculation for that. |
(1) (Reply)
How Can I Go About Hire Purchase Of Suzuki Bus. / Tech Blog For Sale / Survival Fund: FG Disbursed N27B For MSMES Guaranteed Off-take Scheme Portal Ope
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 9 |