TAXATION OF NOT FOR PROFIT MAKING ORGANISATION / NON GOVERNMENTAL ORGANISATION(NGOS)
The primary objectives of NGOS is not profit making. The following are the obligations of NGOS in Nigeria -Register and obtain taxpayer identification Number. -Deduct and remit PAYE and WHT where necessary. -File tax returns on or before the due dates. -Pay taxes when engage in business(profit making) -keep accounting books and records of transactions. -Pay VAT on goods and services consumed (exempted only for those used for humanitarian activity) -Charging and remitting of Vat when engage in business(profit making) For more information see www.tconceptpro.com or 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