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www.spnglegal.com_____________________________________________________________________________________ TAXATIONOUTLINE1. Tax StructureCompany Tax 2. Tax RegistrationPersonal Income Tax Petroluem Profit Tax 3. Major Taxes4. Tax Incentives5. Tax TreatiesValue Added Tax Major Taxes Informa3on Technology Tax TAX STRUCTURECustom and Excise Duty Capital Gains Tax Taxation in Nigeria has been structured towardsWithholding Tax Stamp Du3es encouraging private sector involvement in the country’seconomy. It is mainly levied by the federal and stategovernments,although the local government is also legally mandated to collect certain levies and dues. The FederalBoard of Inland Revenue (FBIR) administers federal taxes through its operational arm called theFederal Inland Revenue Service (FIRS). States taxes are administered by the Inland Revenue Boardof respective states, while the various councils administer local government taxes.NB: Individuals including employees, partnerships and unincorporated trusts are liable to PersonalIncome Tax. Every employer is required to file a return of all emoluments paid to his employees at thestate Inland Revenue Board.TAX REGISTRATIONRegistration at the Federal Board of Inland RevenueApplicants are required by the Federal Inland Revenue Service (FIRS) to;a. Complete tax registration forms for corporate income tax registration as well as VAT;b. Submit an application letter to the tax authority for a tax clearance certificate; andc. Register at the integrated tax office for income tax purposes._____________________________________________________________________________________Doing Business in NigeriaAn Investor’s Guide- 2013Page 13 of 36