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Business Name Tax - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessBusiness Name Tax (451 Views)

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Business Name Tax by mhaki(op): 5:40pm On Oct 01, 2020
Hello folks, I need someone to explain in extreme laymans language how a company registered as a business name pays TAX in Lagos state.

Thanks.
Re: Business Name Tax by betshopagent(m): 7:51am On Oct 04, 2020
gowonmaharajah
Re: Business Name Tax by papirus(m): 10:31pm On Oct 04, 2020
mhaki:
Hello folks, I need someone to explain in extreme laymans language how a company registered as a business name pays TAX in Lagos state.

Thanks.
As a business name, the tax you will pay will be PIT ie personal income tax. It's the profit derived from your business that will be subjected to tax using graduated rates.
1 Reply

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