obitaxanswer

The following companies below are mandated to deduct VAT at source in Nigeria. . 1.Ministries Departments and Agencies(MDAs) 2.Oil and gas companies. 3.Oil servicing companies

Income tax expenses=current year tax +prior year tax +deferred tax. Income tax expenses includes the current year tax ,prior year tax(i.e previous year tax that was carried forward) and deferred tax.