Introduction

NonResident Companies is defined as  company or corporation that is not registered or incorporated in Nigeria but which derives income or profits from Nigeria. It is to be mentioned here, for the sake of emphasis, that exemption from incorporation does not confer exemption from payment of tax on any company . Every company or corporation in Nigeria whether resident or non-resident company is liable to tax in Nigeria if its income is liable to tax under the provisions of the Companies Incomes Tax Act. Regarding payments, the Nigerian tax laws do not discriminate between residents and non-residents in the allowance of expenses for the purpose of determining the taxable income. All expenses proved to be incurred for the production of the income are allowable as deductions. Rent, interest, royalties, management fees, head office expenses and similar expenses are deductible if proved that they are wholly, exclusively, necessarily and reasonably incurred for the purpose of the trade or business. In this increasing waves of globalization, the endless search for greener pastures and the quest for foreign investments, among other factors, have contributed to the mobility of labour across international borders therefore the approach of this course  shall be interactive and case studies based.

 

NonResident Companies is defined as  company or corporation that is not registered or incorporated in Nigeria but which derives income or profits from Nigeria. It is to be mentioned here, for the sake of emphasis, that exemption from incorporation does not confer exemption from payment of tax on any company . Every company or corporation in Nigeria whether resident or non-resident company is liable to tax in Nigeria if its income is liable to tax under the provisions of the Companies Incomes Tax Act. Regarding payments, the Nigerian tax laws do not discriminate between residents and non-residents in the allowance of expenses for the purpose of determining the taxable income. All expenses proved to be incurred for the production of the income are allowable as deductions. Rent, interest, royalties, management fees, head office expenses and similar expenses are deductible if proved that they are wholly, exclusively, necessarily and reasonably incurred for the purpose of the trade or business. In this increasing waves of globalization, the endless search for greener pastures and the quest for foreign investments, among other factors, have contributed to the mobility of labour across international borders therefore the approach of this course  shall be interactive and case studies based.

Deliverables: At the end of the course, participants will:

  • become aware of the developments in respect of NRCs filing tax returns on actual profits
  • be able to identify and gain practical knowledge on the issues that have arisen and how they have been resolved
  • be able to determine the likely impact of unresolved issues on their business and compliance obligations
  • be able to identify the need to adapt their local tax strategy, and
  • gain knowledge on the international developments that impact their tax compliance obligations in Nigeria.

For whom: Tax controllers and managers, Finance controllers and managers, Legal officers and managers and related functions with responsibility for tax and/or regulatory compliance and administration.

Course Features

  • Duration : 1 day
  • Max Students : 1000
  • Enrolled : 0
  • Re-take Course : 0
  • Assessments : Self
Price :
₦ 15,000

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