Under our Corporate Tax Services, we devise tax-planning strategies that the company can adopt in determining its tax liability whilst ensuring that the company complies with its statutory tax obligations. We also assist in tax compliance.

Industrial Acceptance Certificate

The Industrial Inspectorate Act 1970 provides that every establishment which intends to acquire in a year of assessment Fixed Assets worth N500,000.00 or more must file a notification of its intention with the Industrial Inspectorate Division of the Federal Ministry of Industry. Acceptance Certificate is one of the major requirements of the Federal Inland Revenue Service before the Company can be allowed to claim capital allowances on its assets.

Withholding Tax

The requirement of the law is that withholding tax should be deducted at source from certain transactions. The whole essence of source withholding is to widen the tax base of the government and bring into the tax net, those who will otherwise not pay tax.