On November 17, 2009 the government of the state of Qatar issued a new tax code in the form of Law No. 21 of 2009. The new law, which came into effect on January 1, 2010, officially replaces Law No 11 of 1993, the country’s previous tax code. The new law was formulated after careful perusal of Qatar’s Constitution, Law No 11 of 1993 (the previous...
With the National Bureau of Statistics(NBS) recording a real GDP growth rate, on an aggregatebasis, of 7.13% in the first quarter of 2011, and a slightly lower 6.17% for the same quarter in 2012, Nigeria boasts the continent’s second-largest economy after South Africa. Africa’s largest oil producer, Nigeria is the third-largest recipient of foreign direct investment in the continent after Angola and Egypt, according to the US Diplomatic Mission.
In line with the National Tax Policy launched by the president in the second half of 2012, Nigeria continues to pursue various tax reforms which are geared towards achieving a business-friendly environment and a simplified tax administration. The National Tax Policy also serves as a reference point for future tax legislation and continuous...
CORPORATE ENTITY REGULATIONS: 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...
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