Information & Communications Technology

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Information & Communications Technology (ICT) consists of all technical means used in handling information and aiding communication. This sector consists of Information Technology (IT) as well as telephony, and stresses the role of unified communications and the integration of telecommunications, intelligent management systems, and audio-visual systems in modern information technology. ICT covers four main areas, including (1) technology software and services--including developers of software in various fields such as the Internet, applications, systems, databases, home entertainment, as well as companies that provide IT consulting and services, and data processing and outsourced services; (2) technology hardware and equipment--including manufacturers and distributors of communications equipment, computers and peripherals, and electronic equipment and related instruments; (3) semiconductors and semiconductor equipment manufacturers; and (4) telecommunications carriers, equipment manufacturers and service providers. ICT comprises any communications device for radio, television, cellular phones, satellite systems, etc., as well as various services and applications associated with them. Electronic office equipment includes copiers, data storage devices and other products such as mailing/letter-handling machines, and peripheral computer devices such as networking and Point-of-Sale (POS) equipment. Companies such as Internet Cafes which are primarily engaged in offering limited Internet connectivity in combination with other services such as facsimile services, training, rental of on-site personal computers and game rooms are also included in this sector.

Latest Updates in Information & Communications Technology

PFA ICT Guidelines

This Guideline covers the transfer of amounts contributed by bona fide members of the NSITF scheme into their RSAs maintained with their Pension Fund Administrators (PFAs). It does not cover transfer... Continue Reading...

Capital Gains Tax Act

This is an Act to provide for the taxation of capital gains accruing on disposal of asset.

Companies Regulation, 2012

In the Corporate Affairs Commission’s continued determination to meet the expectation of its customers and standardize its processes and procedures in line with Global best practice, a Committee was c... Continue Reading...

Company and Allied Matter Act

An Act to establish the Corporate Affairs Commission, provide for the incorporation of companies and incidental matters, registration of business names and the incorporation of trustees of certain... Continue Reading...

Bills of Exchange Act

This is an Act to codify the law relating to bills of exchange, cheques and promissory notes.

Company Income Tax Act

Companies are mandated by law to pay Company Income Tax (CIT) in Nigeria based on the profit. The amount charged is 30% o the profit earned in the year preceding assessment.Companies resident in Niger... Continue Reading...

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Capital Gains Tax Act

This is an Act to provide for the taxation of capital gains accruing on disposal of asset.

Company Income Tax Act

Companies are mandated by law to pay Company Income Tax (CIT) in Nigeria based on the profit. The amount charged is 30% o the profit earned in the year preceding assessment.Companies resident in Niger... Continue Reading...

PFA ICT Guidelines

This Guideline covers the transfer of amounts contributed by bona fide members of the NSITF scheme into their RSAs maintained with their Pension Fund Administrators (PFAs). It does not cover transfer... Continue Reading...

Bills of Exchange Act

This is an Act to codify the law relating to bills of exchange, cheques and promissory notes.

Company and Allied Matter Act

An Act to establish the Corporate Affairs Commission, provide for the incorporation of companies and incidental matters, registration of business names and the incorporation of trustees of certain... Continue Reading...

Companies Regulation, 2012

In the Corporate Affairs Commission’s continued determination to meet the expectation of its customers and standardize its processes and procedures in line with Global best practice, a Committee was c... Continue Reading...