EXCESS DIVIDEND TAX IN NIGERIA

A company which pays dividend from profit on which tax is not payable because:-
- It has no taxable profit; or
-Its taxable profit is less than the dividend paid.

The company's Dividend paid or declared is charged to tax as if the dividend is the total taxable profit for the 'tax year'.

Reference.
Company Income Tax Act -LFN.



For more information call +234-80 67922530.







Disclaimer: Obi Azubuike is not by this publication acting as a professional advisers and therefore not liable to any  damage whatsoever for your acting or refraining to act based on  this publication. Consult your professional for advice. 

copyright(c) 2016-Obi Azubuike

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