The exemption of small businesses from the payment of tertiary education tax has been proposed in the draft Finance Bill 2020. Currently, all companies registered in Nigeria are required to pay TET at two percent of assessable profits for each year of assessment. Punch reports, this was disclosed by the Fiscal Policy Reforms Committee, established […]
In regards to the pressing challenge of obtaining funding faced by small businesses, PricewaterHouseCoopers (PwC) has come up with strategies to ensure sustainable growth for Small and Medium Enterprises (SMEs) in Nigeria. In an annual report titled “PwC’s MSME Survey 2020- Building to last”, it said Nigeria has the largest economy in Africa but the […]
Muyiwa Mogaji Small business owners are often faced with what to do when it comes to regulatory matters, especially on issues like tax remittances, obtaining licences and permits, and preparing CAC’s annual returns. It is most advisable to engage professionals when dealing with these matters. However, having substantial knowledge about these issues will also go […]
