FPC's had the expertise and able legal teams to handle your tax issues and challenges such as multiplicity of taxes, bad administration, and non-availability of database, tax touting, complex nature of the Nigerian tax laws, minimum tax, commencement, change of accounting date and cessation, and non-payment of tax refunds.
The Nigerian tax system is governed by a set of statutes, regulations, and guidelines, with the principal legislation including the Companies Income Tax Act, Personal Income Tax Act, Value Added Tax Act, and the Federal Inland Revenue Service Establishment Act.
Our Tax legal luminaries , will resolve other taxation issues be it in ; Capital Gains Tax (CGT), Companies Income Tax (CIT), National Information Technology Development Levy (NITDL), Personal Income Tax (PIT), Value Added Tax (VAT) and Withholding Tax (WHT). Including Stamp Duties (SD) and Tertiary Education Tax.
And also;
Intellectual Property
Business Registration
Investigation
Licensing
Insurance
Why do tax authorities need your accounting information?
As a business owner, your financial statements offer valuable information about your company's overall financial position, such as areas of financial strength or weakness.
Financial statements are important to tax authorities to ensure the accuracy of taxes and additional duties declared and paid by your company.
While GAAP is focused on providing accurate financial information to external stakeholders,
tax accounting is focused on complying with tax laws and regulations.
This difference in objectives can lead to discrepancies between the two accounting methods,
making it difficult to reconcile financial information.
Tax avoidance is a legal way of reducing tax liability while tax evasion is an illegal means of not paying taxes. Different tax laws apply in different countries.
Tax avoidance is done through tax planning and before tax liability is incurred. Tax evasion may result in fines or imprisonment
.Hence, you need our advisor to handle all your litigations.
Find Us