Tax Clearance Certificate

source: businesslegal

Tax is a compulsory levy imposed by the government on income, goods or services. The Tax Clearance Certificate is the certificate issued by the FIRS evidencing tax compliance by an individual or company for a period of time, usually 3 (three) years. The TCC show that your business is tax complaint. Tax evasion, i.e. the illegal avoidance of tax payment, is a criminal offence actionable in our courts. Our tax laws have several monetary penalties and fines, as well as criminal sanctions for tax offenders. Section 40 of the FIRS ACT of 2007 recommends imprisonment for a period not exceeding three years in addition to the payment of the uncollected or unremitted taxes, along with a penalty of 10% of the tax withheld per annum plus interest at the prevailing CBN rate. Don’t be on the foul side of the law. Be tax compliant! We have a team of competent tax consultants readily available to assist you with all your tax compliance needs. Visit or send us a message today.

NB: Stories are shared by community members. The article does NOT represent the official view of NaijaWorld and the author is SOLELY RESPONSIBLE for this article

About Us
You can follow any community you find interesting, get your news, ask for advice, discuss sports, and voice your opinion. Upload photos, contribute stories, join discussions, and help other people find the best stories, videos, pics, games, and news by upvoting and downvoting posts. Share and discuss posts with other naijaworlders.
Related Stories
Are You Looking For The Best Home Business Ideas For Today?
How To Create An Intelligent Enterprise That Future Proofs Business
Get Up To N10 Million NYSC Business Loan With A Winning Proposal Easily
Visa Everywhere Initiative For Business Startups – Apply
Is Capital Your Biggest Headache And Obstacle Right Now?
How Your Business Can Benefit From Email Marketing
Digital Checklist For Every Successful Business In Nigeria
Kidnapping Has Become A Booming Business, Says Masari
Impressive Skills Anyone In Business Or Career Should Acquire
How To Optimize Your Online Business Using The Social Media SEO Strategies