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Investor Presentaiton

Chapter Four 4. The Nigerian Financial Services Industry 4.1 Money Market 37 Chapter Nine 76 37 9. Importation of Goods 76 38 9.1 Import Prohibition List 77 4.2 Capital Market 40 9.2 Destination Inspection (DI) 77 9.3 Payment Procedures 77 Chapter Five 5. Tax System 5.1 Companies Income Tax (CIT) 5.2 Personal Income Tax (PIT) 5.3 Petroleum Profits Tax (PPT) 5.4 Value Added Tax (VAT) 5.5 Withholding Tax (WHT) 5.6 Capital Gains Tax (CGT) 5.7 Luxury Tax Chapter Six 6. Foreign Exchange Transactions 42 222 9.4 Current Guidelines for Imports into Nigeria 77 42 9.5 Marine Insurance 78 44 9.6 Import Duties 79 52 9.7 Temporary Importation 79 55 56 Chapter Ten ...... 58 10. Exportation of Goods 59 10.1 Registration of Exporters 59 10.2 Export Procedures and Documentation 80 80 81 81 61 Chapter Eleven 82 61 11. COVID-19 - Economic and Fiscal Measures 82 6.1 Inter-bank Foreign Exchange Market (IFEM) 62 11.1 Passage of the Finance Act, 2020 83 6.2 Foreign Currency Domiciliary Accounts 62 11.2 Economic Measures 83 6.3 Remittance of Profits and Repatriation of Capital 63 11.3 Fiscal Measures 84 6.5 Royalty Payments 63 6.6 Consultancy Fees 63 Appendix 1 6.7 Personal Home Remittance by Expatriates 63 Appendix 2 6.8 Demurrage 64 Appendix 3 86 89 100 64 6.9 Foreign Mortgages Chapter Seven 7. Investment in Nigeria 65 65 7.1 Exemption from Incorporation 66 7.2 Investments and Securities Act 66 7.3 Nigerian Investment Promotion Commission (NIPC) Act 66 Investment Incentives 7.4 Federal Competition and Consumer Protection Act, 2018 7.5 7.6 Doing Business in Nigeria Chapter Eight. 8. Accounting and Auditing Requirements 8.1 Accounting Records 8.2 Financial Statements 8.3 Audit Requirements 67 67 71 73 73 74 74 74 KPMG Investment in Nigeria Guide 8th Edition 4
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