CAPITAL ALLOWANCE RESTRICTION IN NIGERIA

CAPITAL ALLOWANCE is allowance given by tax authority for 'fixed asset' used in the business .
is used in replacement of depreciation.

The rate is stipulated by law.

Capital allowance is restricted to 2/3 of  assessable profit for any year of assessment except for agricultural and manufacturing business.






TCONCEPT PROFESSIONAL SERVICES is a firm that specialized in tax consulting and accounting. For more information see www.tconceptpro.com or call +234 (0)8067922530.








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

Copyright(c)2018-Obi Azubuike

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