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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

  Nigeria joined the league of countries to vaccinate their citizens against coronavirus (COVID-19) as four health workers took the jabs on Friday. An event organised by the National Primary Health Care Development Agency (NPHCDA) to flag off the exercise held at the National Hospital in Abuja, the nation’s capital. The Secretary to the Government of the Federation (SGF), who is also the Chairman of the Presidential Task Force (PTF) on COVID-19, Mr Boss Mustapha, launched the exercise on behalf of the President.

BREAKING: Obasanjo raises security alarm in another open letter to Buhari. According to one of the national daily-Tribune, July 15th, 2019; it was a wide read and most public interest  consumed on the subject matter. Nigerians wonder in times like this if the need of this kind of letter would help savage the present state of the insecurity in the nation. read full text. Dear President and General Buhari, OPEN LETTER TO PRESIDENT, GENERAL MUHAMMADU BUHARI I am constrained to write to you this open letter. I decided to make it an open letter because the issue is very weighty and must be greatly worrisome to all concerned Nigerians and that means all right-thinking Nigerians and those residents in Nigeria. Since the issue is of momentous concern to all well-meaning and all right-thinking  Nigerians, it must be of great concern to you, and collective thinking and dialoguing is the best way of finding an appropriate and adequate solution to the problem.  The contents of this letter, therefo

  There is a new trend for money making in town. Business ventures had gone beyond having a physical store for trending or buying and selling. Qubittech is an opportunity for investment and worth finding more about its services and how it will be a big benefit to man kind especially the generationX.  https://qubittech.dev/. welcome to another new world of trading and investment. https://qubittech.dev/about/ But in the main time, here is what you need to know about Qubittech 1. It pays up tp 25% returns monthly 2. You can earn compound interest 3. You can also make money Through referrals & networking  4. You don't have to refer anyone to earn your 25% returns 5. Minimum investment is $100

Just in the news,  Gunmen have kidnapped over 300 schoolgirls in Zamfara State as was told by a teacher relating with the BBC today, Friday 26th 2021. The abduction took place in the early hours of Friday, according to the available report. The BBC Hausa Service is reporting that the school, Government Girls Secondary School, Jangebe, Talata Mafara Local Government Area of Zamfara State, was attacked by several gunmen in the early hours of Friday Nigeria's Zamfara attack: Hundreds of schoolgirls feared kidnapped .   According to the report, over 300 schoolgirls were abducted. The abduction comes 10 days after students, staff, and family members were kidnapped at Government Science College, Kagara, Niger State.