The 618 Bees blog
Practical guides to starting, running and protecting your business in Nigeria. Find the answers you need, wherever you are in your business journey.
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The Act comes into effect on Saturday the 1stof February, 2020. Value Added Tax (VAT) has increased from 5% to 7.5% but items in the VAT exemption list are tax free. If you have a business that reports less...
So many persons see the Finance Bill as a welcome change in Nigeria Tax regime because of some of the favourable additions to the bill. Although there is a debate that the Increase in Value Added Tax from 5%...
Public interest entities are required by the FRCN to file Annual Returns, financial statements, finance returns and accounting. This requirement is in compliance with the Financial Reporting Council’s...
Does a water packaging business require SON certification? SON stands for the Standard Organization of Nigeria. It is the organization responsible for preparing a standard for products in Nigeria at all...
Lagos state is a well-planned city and as such permits are usually required to construct or alter an already constructed property in the State. Ordinarily, a permit is not required to convert a residential...
SCUML is an abbreviation of Special Control Unit against Money Laundering and it is a unit under the Economic and Financial Crime Commission of Nigeria. SCUML certificate is for Designated non-financial...
Section 197 of the Companies and Allied Matters Act cap C20 Laws of the Federation of Nigeria 2004 (CAMA) states that every charge created by a company shall so far as any security on the company’s property...
All companies in Nigeria, asides being expected to be registered with the Corporate Affairs Commission (CAC), are mandated by the Companies and Allied Matters Act to file their annual reports with the...
Annual Return filing is a statutory requirement for every registered business or organization with the Corporate Affairs Commission and as such it is very necessary for all registered businesses to file...
Annual report filing is a way of informing the Commission that your Company is still in business, thus it is mandatory for every Company that is carrying on business in Nigeria. Every company that was...
The financial statement of a company is a document that contains information about the company’s activities and financial performance in a particular year and a copy of this statement is required by a...
NAFDAC is the agency responsible for the control and regulation of consumable products in the country. Some of the products they regulate include: food, drugs, cosmetics, medical devices and packaged water...
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