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The MoU is for cooperation in enterprises development between the two countries and inviting Indonesian investors to Nigeria. [ 4 ] In October 2022, the agency organized a packaging and branding programme for small and medium enterprises (SMEs) products with the main objective of exposing them to possibilities within the African Continental ...
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by many national agencies and international organizations such as the World Bank, the OECD, European Union, the United Nations, and the World Trade Organization (WTO).
From 2015, remittances overtook tax as a source of revenues. [ 143 ] According to the International Organization for Migration , Nigeria witnessed a dramatic increase in remittances sent home from overseas Nigerians, going from US$2.3 billion in 2004 to $17.9 billion in 2007, representing 6.7% of GDP.
The SME sector in Poland generates almost 50% of the GDP, and out of that, for instance, in 2011, micro companies generated 29.6%, small companies 7.7%, and medium companies 10.4% (big companies 24.0%; other entities 16.5%, and revenues from customs duties and taxes generated 11.9%). In 2011, out of the total of 1,784,603 entities operating in ...
The Lagos Chamber of Commerce & Industry introduced the Chamber Awards in 2014 to recognize, promote and celebrate private and public institutions operating in Nigeria for best business practices, growth through innovations, business sustainability and positive impact on the people/Society.
Taxation is the most important source of government revenue. [2] Governments can use tax revenue to provide public services such as social security, health care, national defense, and education. Changing the distribution of income and wealth.
An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may vary by type or characteristics of the taxpayer and the type of income.
International taxation is the study or determination of tax on a person or business subject to the tax laws of different countries, or the international aspects of an individual country's tax laws as the case may be.