It is important not to fall foul of the Nigerian tax laws. In part, because there are three tiers of government within Nigeria’s federal system of government, with the taxation applicable within each tier subject to review at each government level, the Nigerian tax regime may be quite complex and the most tax compliant company could yet find that it has inadvertently flouted the tax laws. It is no gain saying that competent tax advise (by tax specialist) is indispensable if a company is to be fully aware of its tax obligations (whilst avoiding double taxation) and, indeed, tax reliefs (including those derived from business or industry-specific tax exemptions). BKC can advise on all aspects of Nigerian tax law, whether it pertains to corporate tax or individual income tax or tax as it applies to the petroleum sector; capital gains tax etc. Different commercial transactions may have different tax implications. Mergers and acquisitions; share transfers; sale of assets and property; custom and excise duties etc. all would require tax advise by a specialist in the field. There are also various State Government or municipal levies; charges and duties which may or may not apply depending on the location and type of business.
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