Transfer Pricing In Nigeria

Transfer pricing represents the price that one division of a company charges another division in a company for goods and services. Transfer Pricing is used to determine the cost to charge another division, subsidiary, or holding company for services rendered. Transfer pricing describes the form of inter-company pricing method between two or more related economic …

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Deadline for filing of individual annual tax returns

The Lagos State Internal Revenue Services (LIRS) has extended filing on individual annual tax returns by an additional two weeks, starting from April 1st to April 14th,2021. This was done in an attempt to relieve the effect of the pandemic on the taxpayer and residents of Lagos State

Value Added Tax – VAT

 VAT is a tax levied on the supply of taxable goods and services. However, not all goods and services are vatable, some goods and services are VAT exempted while some other goods are Zero Rated.  VAT is a multi-stage levy on value-added on each production or distribution stage of goods or services. In the case …

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