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Foreign Companies Doing Business In Nigeria: Has The Decision In CITEC INT L ESTATES LTD V INT L INC & ASSOCIATES Sounded A Final Death Knell? – Abdulkabir Badmos - Litigation, Mediation & Arbitration

in CITEC INT L ESTATES LTD v. INT L INC & ASSOCIATES Sounded a Final Death Knell? Introduction With the transformation of the world into a global village, the need to conduct cross-border businesses has become inevitable with increased growth in global trade and investments. Under Nigerian law however, a foreign company may not carry on business in Nigeria without incorporation. Elsewhere, the opinion has also been expressed that transactions involving foreign companies is one taxable under the Value Added Tax (VAT) Act. 2 What therefore makes carrying on business on the one hand without incorporation illegal and the transaction so conducted subject to tax? In this article, we examine the Supreme Court

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