LamDigify

According to  taxsummaries corporate/taxes-on-corporate-income,  Resident companies are liable to corporate income tax (CIT) on their worldwide income while non-residents are subject to CIT on their Nigeria-source income. The CIT rate is 30% for large companies (i.e. companies with gross turnover greater than NGN 100 million), assessed on a preceding year basis (i.e. tax is charged on profits for the accounting year ending in the year preceding assessment). Investment income paid by a Nigerian resident to a non-resident is sourced in Nigeria and subject to withholding tax (WHT) at source, which serves as the final tax. In respect of business profits, a non-resident company that has a fixed base or a permanent establishment (PE) in Nigeria is taxable on the profits attributable to that fixed base. Non-resident digital companies that have a significant economic presence (SEP) will be subject to income tax in Nigeria on profit attributable to the taxable presence in Nigeria. A foreign ent

  5 tips when starting a digital office 1 - Choose your team strategically Handpick each member based on their background, experience, and knowledge of the project needs, and only enlist the help of other company departments (legal, risk management, etc.) as needed in order to keep everything streamlined. 2 - Narrow your options upfront Start the site selection process with the most basic parameters that any company should consider—for instance, proximity to customer base, available labor pool, and a business-friendly economic environment. 3 - Use digital platforms As an alternative to visiting locations in person, as you typically would during a site selection process, use a web-based tool to accomplish this process virtually. You can also use online video platforms to work with local commercial real estate agents to help find sites that fit your size and configuration requirements. 4 - Lean on local partners After identifying sites that met your needs, start probing the local economi

  Spokesman of pan-Yoruba socio-political group Afenifere Yinka Odumakin has died of complications from COVID -19. News Express  confirmed the news at about 10:00 a.m. this Saturday, April 3, 2021. The activist had been on ventilator at a treatment centre in Lagos, according to reports. A report by https://www.bbc.com/pidgin said that Odumakin “had serious underlining conditions including diabetes, lung-related issues and a mild stroke he suffered a few years ago. https://twitter.com/DeleMomodu/status/1378280244365430786?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1378280244365430786%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.bbc.com%2Fpidgin%2F56623183