The definition of a “small company” in the Nigeria Tax Act (NTA) contradicts the description in the Nigeria Tax Administration Act (NTAA).
According to checks by TheCable, under Section 202 of the Nigeria Tax Act (NTA), a “small company” is described as one with a gross turnover of N50 million or less per annum and total fixed assets not exceeding N250 million..For More Details, Read The Full Story Here.