obitaxanswer

There  are some few tips that will help you reduce your taxes legally. 1.Keep accurate records of your income and expenditure. 2.Prepare a yearly financial  budget-This can be done by simulation of different income level and expenditure. 3.Get a tax advice from a tax consultant that understand your business. 4................................................................................................................... For more information call us  +234(0)8067922530 or see www.tconceptpro.com 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) 2017-Obi Azubuike

Documentation is required for pricing of goods and services for connected parties e.g partners,blood relatives,subsidiaries etc. Some documentation required are as stated below. 1.Data and information for examination of connected parties' pricing. 2.Analysis of  functions performed, risk taken and assets employed. 3.Analysis of comparability factors. 4.Forms and other items prescribed by the tax authority. For more information call us  +234(0)8067922530 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) 2017-Obi Azubuike

There are some indices which indicates mispricing when dealing with transfer pricing. They are as stated below 1.'High' pricing with no associated risk. 2.'High' pricing which is not commensurate with cost contribution. 3.'High' pricing without proper documentation to justify the reason for such pricing. 4............................ For more information call us  +2348067922530 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