The 618 Bees blog
Practical guides to starting, running and protecting your business in Nigeria. Find the answers you need, wherever you are in your business journey.
24 articles · Newest first
Tax Clearance Certificate (TCC) in Nigeriais a document issued by the FederalInland Revenue Service(FIRS) or States Inland Revenue Service showing that the applicant’s taxes has been filed up to date and...
The Act comes into effect on Saturday the 1stof February, 2020. Value Added Tax (VAT) has increased from 5% to 7.5% but items in the VAT exemption list are tax free. If you have a business that reports less...
So many persons see the Finance Bill as a welcome change in Nigeria Tax regime because of some of the favourable additions to the bill. Although there is a debate that the Increase in Value Added Tax from 5%...
Pioneer status is also known as a Tax holidayand it is an incentive granted to a company to be exempted from paying tax for a period of time. The initial grant is usually for a period of three years and an...
The Industrial training Fund (ITF) is a parastatal of the Federal Government of Nigeria under the Ministry of Industry, Trade and Investment and it was established in 1971. The essence for the establishment...
Pioneer status incentive is a tax holiday given to companies for a period of time to encourage the growth and development of the Nigerian economy. A new company or an existing company with an expansion plan...
Do you have a Foundation/ NGO which you are tired of running and you have been wondering how to dissolve it? you can get it dissolved by taking the following easy steps; Write a petition for dissolution to...
In Nigeria, a foundation, also known as a Non-Governmental organization is registrable as an Incorporated Trustee under the Companies and Allied Matters Act (CAMA). The following is the procedure for...
The constitution of a foundation is a document stating the following; (a) The name or title of the association which shall not conflict with that of a company, or with a business name or trademark registered...
The financial statement of a company is a document that contains information about the company’s activities and financial performance in a particular year and a copy of this statement is required by a...
Sole proprietorships also widely known as one man business are very easy to set up and manage. It can be incredibly easy to set up hence its popularity amongst many business owners. So, apart from the fact...
What is a Non-profit/NGO/Foundation? A Non-profit/NGO/Foundation is a group organized for purposes other than making profit and in which no part of the organizations income is distributed to its members,...
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