Lagos Lawyer (@i.nnlegal)

6 days ago

What we lawyers are not sure of is if this new law affects stamp duty fees on new incorporation. ___ 3 things i'd like you to take note of: 1. If your profit a year is below N25m, you no longer need to pay CIT πŸ’ƒ 2. If you have not been charging VAT on transactions, start now, other companies have been doing so for years.πŸ™‚ 3. For the last few years, TIN is automatically generated by FIRS upon registering your company with CAC. If you're yet to get your TIN send me a dm, let me help you with that.πŸ™‚ ___ Please tag a business that needs this. 😊