OrbitaxCompanies Income Tax (Exemption of Profits) Order 2012 – details
|Approved Changes|Nigeria
The Exemption of Profits Order 2012 was made public on 4 October 2012. It commenced on 27 April 2012, and is in force for a period of five years with effect from that date. The details of the Order are summarized below.
(a) Employment tax relief
| - | An exemption from corporate income tax of 5% of the assessable profits of any company with a minimum of 10 employees, and at least 60% of the employees do not have any previous work experience within three years of g… |