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ETIQUETTE

Relationships are very important within the business community. Meetings typically open with casual discussion about family, health and travel, along with an exchange of greetings and a handshake. The discussion commences at the host’s...

SOUTHERN SUN HOTEL

IKOYI 47 Alfred Rewana (Former Kingsway) Road, Ikoyi, Lagos
T: (+234) 1 280 5200, 1 280 0630
F: (+234) 1 280 0658, 1 280 0559
www.southernsunikoyi.com
reservations@southernsunikoyi.com

Rooms: 195 luxury bedrooms, including 86 standard and 97 executive rooms, 4 suites, 2 executive suites, 5 junior suites and 1 wheelchair-...

While the tax burden in Nigeria is fairly in line with regional levels, the country is consistently rated lower than similar economies in areas like number of tax payments and time needed to comply. The “Paying Taxes” 2014 report, a joint study of tax regimes in 189 economies by PwC and the World Bank, finds that on average globally a medium-sized company has a total tax...

Nigeria undertook a rebasing exercise of its GDP in 2014. This brings into sharper focus the very low taxrevenue-to-GDP ratio, which is now about 8% and a much lower ratio of 4% for non-oil taxes. There is pressure on the government to improve the ratio, but in reality this is not a quick fix. It will require a broad-based approach to address the complexity of tax...

 

Some of the relevant laws regulating corporate business in Nigeria include the following:

Nigeria, like other nations, has rules and regulations governing the operation of corporate entities in the country. A foreign entity intending to do business in Nigeria is required by the Companies and Allied Matters Act (CAMA) to incorporate a Nigerian company for that purpose. Branch operations or offices of foreign companies are not allowed in the country except in...

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