How to File Annual Returns with FIRS All Nigerian companies must file tax returns annually with the Federal Inland Revenue Service (FIRS). This includes various taxes such as Company Income Tax (CIT), Value Added Tax (VAT), Withholding Tax (WHT), and…
How to Start a Nigerian Oil and Gas Company The Oil and Gas sector serves as a major source of revenue in Nigeria. Any person intending to start an oil and gas business in Nigeria must comply with certain legal…
HOW TO REGISTER A TRADEMARK IN NIGERIA The trademark registration in Nigeria provided for by Trade Marks Act LFN 1990 is one important way to protect and distinguish someone’s trade symbols in Nigeria. Registering a trademark in Nigeria is the…
How to get Tax Clearance Certificate from FIRS What is a tax clearance certificate? A tax clearance certificate (TCC) is a document issued by a revenue authority to show that a person has paid taxes in full or that no…
Company Registration in Nigeria with CAC Company registration in Nigeria is regulated by the Corporate Affairs Commission (CAC), established by the Companies and Allied Matters Act (CAMA) 2020. Registering a company legally enables the business to operate within the country,…
Understanding SCUML Reporting and Compliance At SOW Professional, we prioritize compliance with all regulatory standards, including those set by the Special Control Unit against Money Laundering (SCUML), an essential regulatory body in Nigeria. SCUML plays a crucial role in the…
Navigating Tax Challenges in Nigeria As a business owner or corporate leader in Nigeria, one of the most daunting challenges you face is navigating the complex and ever-changing tax landscape. The Nigerian tax system can be confusing, with multiple tax…
Financial Statements in Financial Accounting In financial accounting, financial statements are a primary means of communicating a company’s financial health and performance. These statements summarize the financial activities of an organization over a specified period, typically a fiscal quarter or…
FIRS TaxproMax registration TaxProMax is an online portal by the Federal Inland Revenue Service (FIRS) that seeks to ease tax compliance procedures in Nigeria. The electronic platform allows taxpayers to register for tax, and apply for and check the validity of…
Tax and Audit Management Services Navigating the complexities of tax compliance and audit management is critical for businesses operating in Nigeria’s fast-paced and highly regulated oil and gas industry. At SOW PROFESSIONAL, we provide comprehensive Tax and Audit Management services designed…