Should SMALL companies pay education tax or not?

Posted in CategoryTax Discussion
  • T
    TY 3 years ago

    Should small companies i.e. companies with Turnover less than N25 Million pay Education tax or not?

  • J
    Joseph 3 years ago

    This has brought about controversy among finance professionals in Nigeria,  however the FIRS brought out a circular named "Clarification on Sundry provisions of the Finance Act 2019 as it relates to Company income Tax Act" stating that  companies whose are less than N25 Million are exempt under the CITA, from paying Education Tax. 

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