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FTA Issues Guide For Non-resident Persons For Corporate Tax Purposes

The Federal Tax Authority (FTA) has clarified the criteria for determining Non-Residents subject to Corporate Tax in the UAE; the instances that require registration of a Non-Resident for Corporate Tax purposes; Taxable Income and how it is calculated; as well as other requirements for compliance by .. ....

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French envoy predicts economic recovery, growth for Nigeria


FIRS tasks non-residents on tax returns assures transparency
Deputy Regional Economic Counsellor, West Africa, French Embassy, William Levasseur, has expressed optimism that with the price of oil rising globally, Nigeria will recover economically, creating opportunities for starters as well as Small and Medium-scale Enterprises (SMEs).
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Levasseur disclosed this yesterday at a webinar organised by Franco-Nigeria Chamber of Commerce and Industry, in partnership with AELEX, on the ‘Finance Act 2020: Implications For Businesses’.
According to the envoy, the Finance Act is critical, involving changes for several sectors and contributing to economic stability.
MEANWHILE, the Federal Inland Revenue Service (FIRS) has appealed to non-residents to file their tax returns, as it has gone into partnership with sister agencies to ensure transparency in the process. ....

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