Nigeria
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.

Nigeria | What is Power of Attorney under Nigerian law?

Power of Attorney is a formal legal instrument, usually but not necessarily under seal (i.e., seal means deed), by which one Person, called the Donor, seised of an interest in a subject matter, appoints another person, called the Donee/Attorney, to act on behalf of the Donor generally or for specific purposes.