Month: May 2018

Posted on May 21, 2018 by Blackwood & Stone LP

Electronic Certificate of Capital Importation

Introduction Prior to the promulgation of the Nigerian Investment Promotion Decree (No. 16) 1995[1], the Nigerian economy experienced an alarming rate of diminution of foreign investments and capital flight as a result of the implementation of the Indigenization Policy in 1972[2]. The promulgation of the Nigerian Investment Promotion Decree (No. 16) 1995, and the Foreign […]

Posted on May 2, 2018May 2, 2018 by Blackwood & Stone LP

Consolidated Relief Allowance

Introduction It is trite that individuals are liable to tax on their income/profits from employment, trade, business or investments. This tax is required to be remitted to the relevant tax authority in the state in which such individual is resident, subject however to certain exceptions.[1] Furthermore, owners of business entities such as Sole Proprietorships […]