The Company Income Tax Act (CITA) is the principal law that regulates the taxation of companies in Nigeria. The tax regime in Nigeria is a multi-level tax system, which simply means that taxation is administered by the three tiers of government.
The Federal Inland Revenue Service (FIRS) administers or oversee the income tax for companies.
Resident companies are liable to corporate income tax (CIT) on their worldwide income while non-residents are subject to CIT on their Nigeria-source income. Corporate income tax is based on accounting profits adjusted for tax purposes.
Our goal is to ensure accurate tax liability figures are represented in the audited accounts whilst facilitating the process of obtaining the companies tax clearance.