FINANCE

RULE OF RESIDENT IN NIGERIA

. STATE THE PERSONS WHO ARE THE SUBJECT OF NIGERIAN INCOME TAX LAWS

RESIDENT ARE SUBJECT TO TAX IN NIGERIA

 

COMPANY

 

-A company is a residence once incorporated in Nigeria.

This means that their global income is subject to tax in Nigeria

 

Definition of residency individual

An individual is said to be resident in a particular year of assessment if he

1.       Is domiciled in Nigeria

2.       Sojourn in  Nigeria for a  period  or periods in all  amounting to 183 days or more in a 12 month period

3.       Serves as a diplomatic agent of Nigeria in a country other than Nigeria

 

 

 Disclaimer: Obi Azubuike is not by this publication acting as a professional advisers and therefore not liable to any  damage whatsoever for your acting or refraining to act based on  this publication. Consult your professional for advice. 


copyright(c) 2016-Obi Azubuike

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