obitaxanswer

Foreign operations include the use of branch office, subsidiary and investment in foreign company. The method used can significantly impact  on the tax liability of the investing company. 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) 2015-Obi Azubuike

Imported goods are liable to vat except for items exempted by the VAT act. 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

Deferring tax payment in an inflationary period can be beneficial when there is  no legal restriction to do so. Moreover the tax payer pay less in terms of  real value thereby reducing the overall tax cost.     Contact us on further tax issue :+234-806-7922-530, obiazubike2@gmail.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) 2015-Obi Azubuike

Method adopted in pricing your goods and services can significantly reduce or increase your tax liability,although highly regulated by tax authority. Opting for a good tax accountant can mean much. Contact us on further  tax issue :+234-809-8810-999, obiazubike2@gmail.com

Due to complex tax regimes and changes in tax laws. Sometimes there seems to be no specific guideline or method or legal rule to follow. Uncertainty arises when certain treatment in tax  seems to be complex and  likely be objected by tax authority, and the treatment is not illegal. It is necessary that the tax payer quantify the possible future effect and make appropriate provision. 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.                                                    ...

Transfer pricing have been a controversial topic in the area of taxation . Below are areas difficult to price and enforce in transfer pricing. 1.Pricing of patent , royalties and discovery 2.Group  discoveries and services 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.                                                     obi Azubuike (c) 2015

The following companies below are mandated to deduct VAT at source in Nigeria. . 1.Ministries Departments and Agencies(MDAs) 2.Oil and gas companies. 3.Oil servicing companies