July 29, 2026/
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The ownership of a company is usually through the acquisition of shares become a shareholder. Share transfer is a consent to voluntarily transfer shares with compensation or without when;
- admitting a new shareholder,
- exiting an existing shareholder or,
- transferring shares among the existing shareholder.
Turnover tax is the tax payable by a small business whose turnover does not exceed 5,000,000 during any year of income. It is chargeable at 1% of the gross revenue.
Turnover tax should be filed and paid by the 20th day of every month.
These are deductions made by employers from their employee’s payments or earnings. It is a requirement by the law for an employer to deduct a certain amount from his employee’s payment and remit it to the relevant authorities and they include; Pay As Earn (P.A.Y.E), NHIF &NSSF.
