Exiting Nigeria Doesn't End a Company's Tax Duties
Corporate exits do not erase tax obligations Companies may close offices, sell assets, end operations, and even move elsewhere, but read more Why exiting Nigeria does not end a company’s tax duties
Companies exiting Nigeria remain liable for outstanding tax obligations, including assessments on prior periods, as closure or relocation does not extinguish liabilities owed to the Federal Inland Revenue Service. This raises exit costs and due diligence requirements for foreign investors, and may affect repatriation of proceeds from asset sales until tax clearance is obtained.
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