Companies Income Tax
Tax Appeal Tribunal’s decision on deductibility of expenses in determining Companies Income Tax in Nigeria
Corporate income tax statutes are primarily designed to subject the bottomline of businesses, rather than their topline, to taxes. To achieve this goal, rules are laid down under which companies are able to deduct qualifying..
FAAC: Federation revenue declined by N107bn in July
Federal, states and local governments on Thursday shared N714.8 billion revenue generated in July, the News Agency of Nigeria (NAN) reports. The figure indicated a decline of N107.1 billion when compared to what was generated in June. The Minister of Finance, Mrs Kemi Adeosun, while briefing newsmen in Abuja on the outcome of the monthly…