Podcast
Questions and Answers
What is the main reason for reviewing tax laws periodically in Nigeria?
What is the main reason for reviewing tax laws periodically in Nigeria?
- To favor specific regions
- To increase tax revenue
- To complicate taxation
- To promote uniformity (correct)
Which of the following is not an objective of taxation?
Which of the following is not an objective of taxation?
- Redistribution of wealth
- Promotion of entrepreneurship (correct)
- Economic stability
- Stabilization of prices
Why might a business or organization cease trading?
Why might a business or organization cease trading?
- Strong competition in the market
- Increasing profits
- Low demand for products/services (correct)
- High government support
What is a possible reason for Adesojiltd shutting down its business?
What is a possible reason for Adesojiltd shutting down its business?
Which level of government in Nigeria collects levies and dues?
Which level of government in Nigeria collects levies and dues?
What was the company's assessable profit for the period to 30/04/2022?
What was the company's assessable profit for the period to 30/04/2022?
What is the purpose of the Federal Government legislating income tax in Nigeria?
What is the purpose of the Federal Government legislating income tax in Nigeria?
Why did Kikelomo decide to change the accounting date for her fashion investment company?
Why did Kikelomo decide to change the accounting date for her fashion investment company?
What was the adjusted profit for the year ended 31/12/2009 for Kikelomo's fashion investment company?
What was the adjusted profit for the year ended 31/12/2009 for Kikelomo's fashion investment company?
When did LSR 111HW commence trading?
When did LSR 111HW commence trading?
Which year had the highest reported profit in Kikelomo's fashion investment company results?
Which year had the highest reported profit in Kikelomo's fashion investment company results?
What was the total assessable profit for the tax years 30/09/2018 to 30/09/2021 for the first company mentioned?
What was the total assessable profit for the tax years 30/09/2018 to 30/09/2021 for the first company mentioned?
What is the total amount of the adjusted Profit for the business for the year to 30 September, 2023?
What is the total amount of the adjusted Profit for the business for the year to 30 September, 2023?
What is the difference between the adjusted Profit for the year to 30 September, 2022 and the year to 30 September, 2023?
What is the difference between the adjusted Profit for the year to 30 September, 2022 and the year to 30 September, 2023?
What is the total amount of other income earned by ORILONISE EDAOLAROPIN during the year 2016?
What is the total amount of other income earned by ORILONISE EDAOLAROPIN during the year 2016?
What percentage of his basic salary did ORILONISE EDAOLAROPIN contribute to the social security scheme?
What percentage of his basic salary did ORILONISE EDAOLAROPIN contribute to the social security scheme?
What was the amount of the annual bonus received by ORILONISE EDAOLAROPIN in 2016?
What was the amount of the annual bonus received by ORILONISE EDAOLAROPIN in 2016?
