AlhamduliLlāh! A Publication Brand got successfully registered with CAC few days ago, and now, they can operate legally. To get your Business/Company/NGO registered also, contact us now on: https://t.co/VwPvD7aD7I
#cacregistrationng#cacregistration#cacannualreturns#cacbusines
NB: If you are transferring an amount up to ₦10,000 or above, a FIXED stamp duty fee of ₦50 will be added.
This is a practical breakdown on how the 7.5% VAT will be applied, NOT AS MANY THOUGHT OF.
Let's say you want to transfer ₦5,000 to someone, and your Bank charges ₦20 for the transaction.
The 7.5% VAT rate is:
7.5% of #20 = ₦1.5
Total amount that you will pay;
#₦5,000 + ₦20 + ₦1.5 = ₦5,021.5
#taxrate#newtaxreform#newtax#vatrate#valueaddedtax#fintechs
DO YOU KNOW?
The 7.5% VAT only applies to Bank Transfer FEE ✅ and not the actual money you want to send ❌.
Also, 7.5% means (7.5÷100) which is equal to 0.075 of the bank transfer fee.
#vat#valueaddedtax#newtaxrate#taxreform
Some people are still using their personal Bank Account or Business Name Account to control millions!!!
Hmmm! I am sorry for them.
It's until the time for Tax filing comes before they would realize what has hit them!
#cacregistration#smallbusinesses#caccompanyregistration
Many people usually feel uncomfortable when it's time for them to file for their Business Annual Returns.
They think they are helping CAC! Whereas, they are only helping themselves.
This is why they are usually angry...
#cacregistration#annualreturns#businessregistration
Meanwhile, you need to register with CAC (Corporate Affairs Commission) before you will be able to open a Corporate Account.
After doing this, you will be exempted from paying tax TOTALLY as an NGO!
What a privilege! Don't miss it! Get registered ASAP!
Get this clear...
If you are a Business owner and you make up to 1million in a year, the best for you is to register your business as Limited Liability Company (LLC).
But if you already registered as a Business Name, then UPGRADING to a Company(LLC) is better.
#cacregistration
AlhamduliLlāh!
Another NGO Registration successfully done for "Ilorin Sunni Brothers' Da'wah Foundation".
It's a nice, interesting & stressful thing registering an NGO with CAC, though, I am still open to recieving more NGO works.
Call/WhatsApp on 09036253487
#cacregistration