₦airaland Forum

uzohrome:
now once that’s shipped to you, find a sure local photographer to take amazing pictures of the product

also create a dope video (aesthetically pleasing audio visuals)

now we’re halfway through

proceed to Instagram, will continue as soon as you guys reply to the thread.

uzohrome:
To make money is simple...
Find out the pain that people have.
Provide them the solution to fix that pain...
Because they want that pain fixed, they'll open their wallet to you.
It's simple but not easy...
That's why a lot of folks are broke.
They want it SIMPLE & EASY.

eliok:
Find a valuable info that people will pay for.

Package it in eBook format


Sell the eBook

fados4sure:
Nigeria Education! See what you cause? Somebody with Distinction in Computer Engineering don't know how to generate wealth

A scenerio of having A in class but D in life

Benekruku:
Israel
You are joking am certain.
Even USA cant stop them and you talking of Israel

whemmytopsy:
See as girls avoid this thread like plague.... Lols

Citytrend:
Is Chad now our World power?
Wetin person no go hear for this country?

Anyway, I will Build a Professional Logo for your Product or Company For 2k Only. Offer valid Today Only. See my info below to Chat me

Amuatulu:


Amazing decision! Education first, others na jara Goodbye to internet fraud for Uniben students.

oteneaaron:
Yes!!!!!

This is massive news!

Now startups can focus on growing their businesses.

This will even lead to more millionaires,

Your business will grow

Imagine been able to pay tax becos you have up to 25m as annual turnover!

That is what we call growth man!

Best news this morning.

400billionman:
The major attractions are
1. Beautiful envrionment.
2. Being able to buy all your needs in one stop.
3. People like sightseeing while making purchases.
4. Certain cheap commodities.

Small shops in the town are losing customers to Shoprite.

arsenal33:
Rich nigerians, Invest in your country, stop exporting your wealth to foreign banks.

Or else foreigners will take over your economy

legalifyNg:
(5 Minute Read)


If you want to teach your child about taxation, take 30% of his Ice cream!




Thus, the imposition of tax is statutory to enable government meet its obligations. The Constitution of the Federal Republic of Nigeria 1999 (as amended) under Section 24(f) stipulates that, “it shall be the duty of every citizen to declare his income honestly to appropriate and lawful agencies and pay his tax promptly”.

Companies also fall within the categories of persons that are taxable in Nigeria. Companies are taxed under the companies income tax introduced in 1961 with modification in 2007.
The administration of the companies’ income tax in Nigeria is vested on the Federal Inland Revenue Services. The tax is payable by all companies at the rate defined by the Companies Income Tax Act (CITA)_

Meaning of tax
The Black’s law Dictionary defines it as “Monetary charge imposed by the government on person’s entities or property, levied to yield public revenue”._Ola also similarly defined taxation as the demand made by the government of a country for a compulsory payment of money by the citizens of the country._ Ayua_ concludes that: “The most important thing is a pecuniary burden laid upon individuals or persons or property to support the government and is a payment exacted by legislative authority”


A tax may be direct or indirect.

It is direct where it is levied on the person who is intended, should pay .This is usually the case in the taxation of income. For example companies’ income tax and personal income tax are direct taxes. It is indirect if the levy is imposed on one person who pays with the expectation to pass the burden unto third parties.

Custom duties and value added tax are example of indirect taxes because the levy imposed by the government is factored into the price of the item upon which they are levied and passed unto the consumer



The meaning of company
It is pertinent to identify company that falls within this category for the purpose of taxation because not all company are taxable, However, all companies in Nigeria are liable to pay companies Income Tax on their profits accruing in, brought into, derived from or received in Nigeria.
It should be noted that company duly registered in accordance with the provision of the Companies and Allied Matters Act (hereinafter referred to as CAMA) or any enactment replaced by it is what the Act recognizes as a company in Nigeria Although CAMA defines a foreign company to mean company incorporated elsewhere than in Nigeria, it does not recognize its existence in Nigeria for business activities. It only defines it for the purpose of identifying it to comply with the mandatory incorporation processes before carrying on business in Nigeria_and to benefit from exemption from registration_ .

Section 54(1) CAMA provides that:
Subject to Sections 56 - 59 of this Act, every foreign company which, before or after the commencement of this Act, was incorporated outside Nigeria, and having the intention of carrying on business in Nigeria shall take all steps necessary to obtain incorporation as a separate entity in Nigeria for that purpose, but until so incorporated the foreign company shall not carry on business in Nigeria or exercise any of the powers of a registered company and shall not have a place of business or an address for service of documents or processes in Nigeria for any purpose other than the receipt of notices and other documents as matters preliminary to incorporation under this Act.
However, the Companies Income Tax Act (CITA).......... Read the rest: Visit www.legalify.ng/blog





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GhettoG1:
The Likes display nd add dislike... That way our youths gon get brain nd stop doing shii for ordinary likes that can't feed em household