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A Re-Definition Of The Term "Public Character" And Its Impact On The Taxability Of Non-Governmental Organisations In Nigeria – AfricaBusiness.com


By Ibrahim Moshood, Associate and Tozaye Balogun, Director of Tax Services, Centurion Law Group
The Federal Inland Revenue Service (“FIRS”) recently issued a Revised Information Circular on the Tax Treatment of Non-Governmental Ogranisations (NGOs), hereafter referred to the as “Revised Information Circular” or “the Circular”. The Circular, published on 31 March 2021, amends, updates or replaces the FIRS’ initial information circular (issued in 2010) on the tax exemption status of NGOs – but only to the extent that the initial circular contains information that is inconsistent with the Revised Information Circular.
The Revised Information Circular reiterates the tax-exemptions, filing and other compliances obligations of NGOs. It also provides clarification on the application of the term “public character” to NGOs when evaluating their eligibility to enjoy the tax exemptions granted under the Companies Income Tax Act (CITA). It is noteworthy that the FI ....

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non-governmental organizations – AfricaBusiness.com


By Ibrahim Moshood, Associate and Tozaye Balogun, Director of Tax Services, Centurion Law Group The Federal Inland Revenue Service (“FIRS”) recently issued a Revised Information Circular on the Tax Treatment of Non-Governmental Ogranisations (NGOs), hereafter referred to the as “Revised Information Circular” or “the Circular”. The Circular, published on 31 March 2021, amends, updates or … [Read more…] ....

Ibrahim Moshood , Tozaye Balogun , Ogranisations Ngos , Revenue Service , Tax Services , Centurion Law Group , Revised Information Circular , Tax Treatment , Non Governmental Ogranisations , வருவாய் சேவை , வரி சேவைகள் , சிஇஎன்டியுவ்ஆர்ஐஓஎன் சட்டம் குழு , வரி சிகிச்சை ,

A re-definition of the term "public character" and its impact on the taxability of Non-governmental organisations in Nigeria (By Ibrahim Moshood & Tozaye Balogun)


By Ibrahim Moshood, Associate & Tozaye Balogun, Director of Tax Services in Africa
The Federal Inland Revenue Service (“FIRS”) recently issued a Revised Information Circular on the Tax Treatment of Non-Governmental Ogranisations (NGOs), hereafter referred to the as “
Revised Information Circular” or “
the Circular”. The Circular, published on 31 March 2021, amends, updates or replaces the FIRS’ initial information circular (issued in 2010) on the tax exemption status of NGOs – but only to the extent that the initial circular contains information that is inconsistent with the Revised Information Circular.
The Revised Information Circular reiterates the tax-exemptions, filing and other compliances obligations of NGOs. It also provides clarification on the application of the term “ ....

Ibrahim Moshood , Tozaye Balogun , Ogranisations Ngos , Revenue Service , Centurion Law Group , Tax Services In Africa , Companies Income Tax Act , Tax Services , Federal Inland Revenue Service , Revised Information Circular , Tax Treatment , Non Governmental Ogranisations , Revised Information , Finance Act , Allied Matters Act , Tax Statute , Centurion Law Groupdistributed , Centurion Law , Investment Desk , வருவாய் சேவை , சிஇஎன்டியுவ்ஆர்ஐஓஎன் சட்டம் குழு , நிறுவனங்கள் வருமானம் வரி நாடகம் , வரி சேவைகள் , கூட்டாட்சியின் உள்நாட்டு வருவாய் சேவை , வரி சிகிச்சை , நிதி நாடகம் ,

A re-definition of the term "public character" and its impact on the taxability of Non-governmental organisations in Nigeria (By Ibrahim Moshood & Tozaye Balogun) | Database of Press Releases related to Africa


APO | 27 April 2021
A re-definition of the term “public character” and its impact on the taxability of Non-governmental organisations in Nigeria (By Ibrahim Moshood & Tozaye Balogun)
By Ibrahim Moshood, Associate & Tozaye Balogun, Director of Tax Services in Africa The Federal Inland Revenue Service (“FIRS”) recently issued a Revised Information Circular on the Tax Treatment of Non-Governmental Ogranisations (NGOs), hereafter referred to the as “Revised Information Circular” or “the Circular”. The Circular, published on 31 March 2021, amends, updates or replaces the… Read more on https://africa-newsroom.com/press/a-redefinition-of-the-term-public-character-and-its-impact-on-the-taxability-of-nongovernmental-organisations-in-nigeria-by-ibrahim-moshood-and-tozaye-balogun?lang=en
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