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Registration for taxation of Entities and taxation of Incomes in Nigeria Contd

On the other hand, corporate taxes payable for each year of assessment includes the payable sums upon the profits of any company accruing in, derived from, brought into, or received in, Nigeria.

Nigeria | What Do I Need to Know about Taxation of Recovered Funds in Nigeria?

Under Section 9 (1)(a-g) of the Company Income Tax Act, taxes apply to the profits of all the incomes accruing in, derived from, brought into, or received in Nigeria in respect of any trade or business, rent or any premium, dividends, interests, royalties, discounts, charges or annuities, annual profits, any amount deemed to be income or profits, fees or dues or allowances (wherever paid) for services rendered, any amount of profits or gains arising from acquisition and disposal of short-term money instruments.