Tax

In the ever-evolving economic terrain of 2024, where tax revenues contribute only a modest 8% to Nigeria’s GDP, a stark contrast to the recommended optimal ratio of 15%, both the federal government and local entities have shifted their focus towards diversifying revenue sources beyond oil.

This initiative, accompanied by the complexity of Nigeria's diverse tax frameworks, poses considerable challenges for companies operating within the country and international entities susceptible to falling within Nigeria's tax jurisdiction.

As premier legal tax consultants in Nigeria, our mission at ICA Tax Advisors is to collaborate with our clients, ensuring adept management and resolution of diverse tax challenges.

Our tailored, comprehensive tax advice is crafted to meet the specific needs of our clients, facilitating all-encompassing tax planning to preempt potential issues and minimize tax burdens.

With decades of expertise, our adept tax law professionals offer strategic counsel for major Nigerian and international transactions.

Distinguished Nigerian and international corporations, multinationals, educational institutions, not-for-profit organizations, and individuals both local and international have chosen our esteemed tax lawyers as their advisors.

Our specialized team extends their tax advisory services to expatriate workers and individual and family clients in the realm of personal income tax.

Our array of tax advisory services encompasses:

– Corporate Income Tax

 -Individual Income Tax

– Customs and Excise Duties

– Petroleum Profits Tax

– Value Added Tax

– Capital Gains Tax

– Stamp Duty

– Transfer Pricing

Additionally, our proactive tax planning activities encompass:

– Scrutinizing tax aspects of proposed business transactions

– Structuring businesses for optimal tax benefits

– Devising transactions that mitigate tax disadvantages

– Providing ongoing tax advisory and compliance services

Embark on a journey towards tax efficiency with ICA Tax Advisors.

Given the current scenario, with tax revenues contributing a mere 8% to Nigeria’s GDP, it’s imperative to take action.

Contact us at info@ica.ng to initiate a conversation about your unique tax needs.

Let us be your guiding force in navigating the intricacies of Nigeria’s tax landscape.

Tax Practice Areas

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