4: Tax Incentives for The East Coast Economic Region (ECER) – Tax Exemption
1. The East Coast Economic Region (ECER) was formed in 2007 with the launch of the ECER Master Plan by the Federal Government. 2. The formation of ECER was intended to accelerate economic growth and ensure equitable distribution of wealth across the country, in line with national aspirations to become a high-income developed nation by […]
Ascertaining Chargeable Income
1. Individual tax residents must subtract personal reliefs — such as those for the individual taxpayer, children, and so on — from their Total Income to arrive at Chargeable Income. 2. Next, it is necessary to apply the appropriate tax rates to the Chargeable Income, which are determined by: 👉 the type of taxpayer in […]
