The Federal High Court has reversed a decision of the Tax Appeal Tribunal in a case concerning if a corporation had a fixed base in Nigeria and concluded that the foreign corporation did not have a fixed base in Nigeria and was not responsible for corporate income tax. The determination of whether a company has a fixed base of business in Nigeria depends on the inspection of some factors, such as a) foreign company’s nature; b) the way by which the activities are conducted and c) if the foreign company possesses any business assets or operates from a physical location in Nigeria.
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