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Section 15 Nigeria Tax Act 2025 Section 15 of the Nigeria Tax Act 2025 is about Partnership of individuals. It provides as follows: (1) The gains or profits of a partner from a partnership shall be the sum of – (a) any remuneration, interest on capital, cost of passages wholly or mainly undertaken for the…
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Section 14 Nigeria Tax Act 2025 Section 14 of the Nigeria Tax Act 2025 is about Benefits-in-kind. It provides as follows: (1) Where an employer incurs an expense in the provision of any benefit or perquisite, other than the provision of living accommodation to which this section relates, the following provisions shall apply –(a) where…
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Section 13 Nigeria Tax Act 2025 Section 13 of the Nigeria Tax Act 2025 is about Employment income. It provides as follows: (1) The income, gain or profit from an employment is derived from Nigeria where –(a) the employee is a resident of Nigeria ; or (b) the duties of the employment are wholly or…
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Nothing prepares someone for the shock of an injury, yet it’s a moment that thousands of people find themselves facing every year. Families across metro Atlanta, suburban neighborhoods, and quiet Georgia towns face these moments more often now. Roads are busier, people rush between work and errands, and distractions sit on every corner. It creates…
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In a world where personal injury claims can feel confusing and overwhelming, having someone who listens, understands, and fights for you can change everything. Jay Schrecengost, an experienced personal injury attorney, doesn’t just handle cases. He stands shoulder to shoulder with the people who trust him during some of the hardest moments of their lives.…
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Section 12 Nigeria Tax Act 2025 Section 12 of the Nigeria Tax Act 2025 is about Resident individual. It provides as follows: The income, gains or profits of an individual who is a resident of Nigeria are deemed to accrue in Nigeria and are chargeable to tax in Nigeria wherever they arise, and whether or…
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Section 11 Nigeria Tax Act 2025 Section 11 of the Nigeria Tax Act 2025 is about Partnership of companies. It provides as follows: (1) Where two or more companies carry out a trade or business in a partnership, joint venture or a similar arrangement in Nigeria, any income or profit arising therefrom shall constitute a…
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Section 10 Nigeria Tax Act 2025 Section 10 of the Nigeria Tax Act 2025 is about Certain undistributed profits may be treated as distributed. It provides as follows: (1) Where a Nigerian company controlled by not more than five individuals has not distributed to its shareholders as dividend, profits made in any period for which…
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Section 9 Nigeria Tax Act 2025 Section 9 of the Nigeria Tax Act 2025 is about Substitution of dividend for total profit. It provides as follows: (1) Where a Nigerian company declares dividend out of profits on which no tax is payable due to –(a) there being no total profits, or (b) total profits which…
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Section 8 Nigeria Tax Act 2025 Section 8 of the Nigeria Tax Act 2025 is about Profits of a company from certain dividends. It provides as follows: (1) A company shall include dividend income in its profits, gross of any tax paid or deducted at source. (2) Dividends received by a Nigerian company by way…