Investor Presentaiton
Nigeria's Tax Regime
• Government at all levels require funds to finance their activities and
programmes which benefits the citizens. Government must find ways of
raising revenue to prosecute its programmes and activities. One source of
finance available to government is taxation.
Individuals resident in Nigeria are taxable on their worldwide income,
whereas a non-resident is only taxable on the income earned from business
activities performed in Nigeria; subject to double taxation agreement with his
home country.
Employers deduct due tax at source from the earnings of their employees and
transfer directly to the appropriate tax authority on a monthly basis, while
individual workers and beneficiaries of additional income file their tax returns.View entire presentation