Tax as we know is a compulsory levy to be paid by businesses or an individual to the government. Tax is a major source of revenue for the government and we know that the failure to pay tax as at when do is Tax evasion which is punishable by the law.

Have you also heard of Tax avoidance?

It’s simply the use of legal methods to reduce the amount of tax payable. For example, by engaging in tax deductible ventures and activities. Tax consultants, as we always advice, should be a vital part of your business operation to give accurate tax advisory even before certain business decisions are taken.

You should not be reactive to the extant tax regime; be proactive, know the various taxes that are payable in your sector and set up internal structures for compliance.

Business Legal has a competent team of professionals including tax advisors and Accountants, ready to provide all the support you need for your business. Do not hesitate any longer, reach out to us today by a direct message or through our website www.businesslegal.ng