https://cfaanigeria.org/wp-content/uploads/2019/09/logo-small.png 0 0 cfa_admin https://cfaanigeria.org/wp-content/uploads/2019/09/logo-small.png cfa_admin2020-01-28 23:21:452020-01-28 23:51:15Are there other taxes CFBO are exempted from paying besides Income Tax?
Are there other taxes CFBO are exempted from paying besides Income Tax?
Yes. They are exempted from paying Value Added Tax (VAT) on humanitarian purchases. Goods purchased for use in humanitarian donor funded projects are zero rated under the Value Added Tax Act Cap V1 LFN 2004 (as amended). They are also exempted from Capital Gains Tax where no gain is made on disposal of assets.
Category: Tax Compliance
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