ON rENT Basis in niGeriA

  • Nigeria: Landlord's And Tenant's Frequently Asked Questions

    2018-1-16 · If no agreement was made, the timeframe will be determined by the operation of law based on the period of your tenancy and your mode of payment of rent as follows: If your tenancy is on a weekly basis, you are entitled to 7 days' Notice to Quit. Tenancy at will – 7 days' notice. Monthly tenancy – 1-month notice.

  • Fibre.ng enables Lagos residents pay rent on monthly

    2016-5-11 · The lowest listing on the site is a ‘self-contained’ (Nigerian lingo for studio) apartment going for ₦75,000 a month with an initial payment of ₦300,000. Advertisement. That right there is the catch; you have to put down ₦300,000 in the first month to be eligible to pay ₦75,000 monthly in the following months.

  • Addressing Protracted Legal Cases Through Monthly Rent ...

    2021-12-25 · Addressing Protracted Legal Cases Through Monthly Rent Structure KINGSLEY OKOH, in this report, examines the factors responsible for rent defaults, as landlords and tenants face-off in legal ...

  • Apartments for rent in Lagos, Nigeria - Rentberry

    Discover apartments available for rent in Lagos, Nigeria. Find your next home using our convenient rental search. Schedule a tour, apply online and secure your future apartment near Lagos, Nigeria on Rentberry.

  • UNDERSTANDING WITH-HOLDING TAX (WHT) IN NIGERIA

    2017-2-9 · Rent includes rental income on both real and personal property. As a general rule, income on a property (rent, hire or lease payments or rights (royalties) situated in Nigeria is liable to tax in Nigeria. Where a person rents or hires property/services from another, WHT at the rate of

  • Lagos unveils monthly rent scheme with N5bn allocation ...

    2021-12-8 · “The scheme goes ahead to pay that yearly rent to the landlord but gives such a tenant an option of paying that rent on monthly basis

  • Northern Regions have More Landlords in the Country as ...

    2021-12-21 · The report further highlighted that in 2019, there were higher occurrences of home rentals in both the South West (35 %) and South-South (24 %) than in the North East, North West, and North Central. While rented homes are also significantly more common in urban areas (36%) than in rural (5 %).

  • KPMG NG Tax Alert: Issue no. 9.2 | September 2020 -

    2022-1-5 · KPMG in Nigeria. Email. The Tax Appeal Tribunal (TAT or “the Tribunal”) sitting in Lagos on 10 September 2020 decided in the case between Ess-Ay Holdings Limited (EHL or “the Appellant”) and Federal Inland Revenue Service (FIRS or “the Respondent”) that rental income derived from the lease of real estate properties, whether for ...

  • FIRS ISSUES’ CLARIFICATION CIRCULARS ON FINANCE

    2020-5-30 · It is no longer news that the Finance Act 2019 amended seven (7) tax legislations. In a bid to provide clarification to some ambiguous provisions of the Finance Act and the modalities for its application, the Federal Inland Revenue Service (“FIRS”) issued a series of circulars dated 29th of April 2020 to address and explicate tax treatments and hitherto ambiguous provisions.

  • firs-public-notice-on-deduction-WHT&VAT-at-source ... -

    2019-8-26 · 1. Basis for deduction of VAT at source. Under the Nigerian VAT regime, only three groups of taxpayers are obligated to deduct VAT at source and remit directly to the tax authority. These are: a. Nigerian companies that are carrying on VATable transactions with non-resident companies within the country; b.

  • Fibre.ng enables Lagos residents pay rent on monthly

    2016-5-11 · The lowest listing on the site is a ‘self-contained’ (Nigerian lingo for studio) apartment going for ₦75,000 a month with an initial payment of ₦300,000. Advertisement. That right there is the catch; you have to put down ₦300,000 in the first month to be eligible to pay ₦75,000 monthly in the following months.

  • House rent should be paid on a monthly basis and ...

    2016-4-7 · The Minister wondered why Nigerian citizens would pay rent on a yearly basis whereas in developed countries such as United Kingdom and

  • Lagos unveils monthly rent scheme with N5bn allocation ...

    2021-12-8 · “The scheme goes ahead to pay that yearly rent to the landlord but gives such a tenant an option of paying that rent on monthly basis

  • (DOC) NIGERIA A CASE STUDY: THEORETICAL BASIS OF

    They argue that a state’s dependence on natural resources from zero to 32% increases the possibility of civil war to about 22%.54 Wenar55 argued similarly that less-developed countries like Nigeria that derive large amount of government revenue from petroleum rent are usually subject to "three overlapping curses” one of which is the high ...

  • Car Rental In Lagos Nigeria - Rent A Car In Lagos

    2022-1-4 · RideOnNigeria | Car Rental In Lagos Nigeria. RideOnNigeria provides various brand of cars for rent at the best possible prices based on customer specification. Our car rental services offer a wide variety of current model

  • Tractors Owners & Hiring Facilities Association of Nigeria

    2019-1-28 · Tractor Owners and Hiring Facilities Association of Nigeria (TOHFAN) is an association of tractor owners, Operators, Mechanics and tractor hiring agents in the business of providing tractor hiring services to farmers on a commercial

  • How to Calculate Personal Income Tax in Nigeria

    Tax reliefs in Nigeria include: Contribution to the National Pension Fund (NPF, at least 8% of income) Contribution to the National Health Insurance Scheme (NHIS, 5% of income) Contribution to the National Housing fund (NHF, 2.5% of income) Gratuities and Life Assurance payments. Dividends and interests from quoted companies. Rent and business ...

  • Cost of Living in Lagos. Jan 2022. Prices in Lagos

    Cost of Living in Lagos. Summary about cost of living in Lagos, Nigeria: Family of four estimated monthly costs are 1,957.99$ (806,967.75₦) without rent (using our estimator). A single person estimated monthly costs are 536.80$ (221,236.98₦) without rent. Lagos is 63.04% less expensive than New York (without rent, see our cost of living ...

  • FIRS ISSUES’ CLARIFICATION CIRCULARS ON FINANCE

    2020-5-30 · It is no longer news that the Finance Act 2019 amended seven (7) tax legislations. In a bid to provide clarification to some ambiguous provisions of the Finance Act and the modalities for its application, the Federal Inland Revenue Service (“FIRS”) issued a series of circulars dated 29th of April 2020 to address and explicate tax treatments and hitherto ambiguous provisions.

  • FIRS circular on amendment to VAT in Finance Act 2019 ...

    2020-5-9 · For instance, XYZ Nigeria Limited stopped operations on 30 April 2020. XYZ Limited must notify FIRS on or before 29 July 2020. Furthermore, FIRS will treat taxable supplies after a business stops as a transaction for the preceding day of cessation. In the case of XYZ Limited, transactions on 7 May 2020 will have a value date of 29 April 2020.

  • Nigeria: Landlord's And Tenant's Frequently Asked Questions

    2018-1-16 · If no agreement was made, the timeframe will be determined by the operation of law based on the period of your tenancy and your mode of payment of rent as follows: If your tenancy is on a weekly basis, you are entitled to 7 days' Notice to Quit. Tenancy at will – 7 days' notice. Monthly tenancy – 1-month notice.

  • Fibre.ng enables Lagos residents pay rent on monthly

    2016-5-11 · The lowest listing on the site is a ‘self-contained’ (Nigerian lingo for studio) apartment going for ₦75,000 a month with an initial payment of ₦300,000. Advertisement. That right there is the catch; you have to put down ₦300,000 in the first month to be eligible to pay ₦75,000 monthly in the following months.

  • (DOC) NIGERIA A CASE STUDY: THEORETICAL BASIS OF

    They argue that a state’s dependence on natural resources from zero to 32% increases the possibility of civil war to about 22%.54 Wenar55 argued similarly that less-developed countries like Nigeria that derive large amount of government revenue from petroleum rent are usually subject to "three overlapping curses” one of which is the high ...

  • Sofri | Loans | Investment | Savings

    2022-1-4 · Sofri has made it possible to pay my house rent on a monthly basis without worries. I am absolutely amazed at how easy Sofri has made my life. So it's possible to not worry about how to save up for rent in Lagos? Wow! ... This is a loan category meant for Lagos state public salary employees working in Nigeria.

  • Nigerians spent N54trn on household consumption in 6 ...

    2021-10-20 · On month-on-month basis, however, September 2021, food inflation was highest in Kaduna (2.22 per cent), Kano (2.17 per cent) and Anambra (2.15 per cent), while Benue (0.23 per cent) and Kebbi (0 ...

  • How to Calculate Personal Income Tax in Nigeria

    Tax reliefs in Nigeria include: Contribution to the National Pension Fund (NPF, at least 8% of income) Contribution to the National Health Insurance Scheme (NHIS, 5% of income) Contribution to the National Housing fund (NHF, 2.5% of income) Gratuities and Life Assurance payments. Dividends and interests from quoted companies. Rent and business ...

  • firs-public-notice-on-deduction-WHT&VAT-at-source ... -

    2019-8-26 · 1. Basis for deduction of VAT at source. Under the Nigerian VAT regime, only three groups of taxpayers are obligated to deduct VAT at source and remit directly to the tax authority. These are: a. Nigerian companies that are carrying on VATable transactions with non-resident companies within the country; b.

  • FIRS circular on amendment to VAT in Finance Act 2019 ...

    2020-5-9 · For instance, XYZ Nigeria Limited stopped operations on 30 April 2020. XYZ Limited must notify FIRS on or before 29 July 2020. Furthermore, FIRS will treat taxable supplies after a business stops as a transaction for the preceding day of cessation. In the case of XYZ Limited, transactions on 7 May 2020 will have a value date of 29 April 2020.

  • Cost of Living in Lagos, Nigeria. Dec 2021 prices in Lagos.

    2021-12-22 · Summary of cost of living in Lagos. Family of four estimated monthly costs: 1,071,104 ₦. Single person estimated monthly costs: 620,111 ₦. WARNING! These estimates are based on only a few data points. At the moment, you should treat them only as a best guess. List of prices in Lagos.

  • Fair and Unfair Treatment Laws at the Workplace in

    2021-1-10 · The constitution of Nigeria prohibits discrimination on the grounds of place of origin, sex, religion, status, ethnic or linguistic association or ties. It is the duty of the state to promote national integration by providing adequate facilities, equal opportunities and rights to all the citizens without discrimination.