CEASATION RULE IN TAXATION

DURING CEASATION OF BUSINESS THIS RULE APPLIES

PENULTIMATE YEAR.( YEAR BEFORE CEASATION)=PYB
ULTIMATE YEAR=FROM 1ST JANUARY-CEASTION DATE

TAX AUTHORITY CAN ELECT  THE RIGHT TO APPLY ACTUAL YEAR BASIS(AYB) ON THE PENULTIMATE YEAR.
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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