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

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