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Information & Communications Technology

Information-Communications-Technology

Information & Communications Technology (ICT) consists of all technical means used in handling information and aiding communication. This sector consists of Information Technology (IT) as well as telephony, and stresses the role of unified communications and the integration of telecommunications, intelligent management systems, and audio-visual systems in modern information technology. ICT covers four main areas, including (1) technology software and services--including developers of software in various fields such as the Internet, applications, systems, databases, home entertainment, as well as companies that provide IT consulting and services, and data processing and outsourced services; (2) technology hardware and equipment--including manufacturers and distributors of communications equipment, computers and peripherals, and electronic equipment and related instruments; (3) semiconductors and semiconductor equipment manufacturers; and (4) telecommunications carriers, equipment manufacturers and service providers. ICT comprises any communications device for radio, television, cellular phones, satellite systems, etc., as well as various services and applications associated with them. Electronic office equipment includes copiers, data storage devices and other products such as mailing/letter-handling machines, and peripheral computer devices such as networking and Point-of-Sale (POS) equipment. Companies such as Internet Cafes which are primarily engaged in offering limited Internet connectivity in combination with other services such as facsimile services, training, rental of on-site personal computers and game rooms are also included in this sector.

Recent Posts in Information & Communications Technology

Company Income Tax Act

2016-12-15 4:51 PM | by Nigeria Compliancehub

Companies are mandated by law to pay Company Income Tax (CIT) in Nigeria based on the profit. The amount charged is 30% o the profit earned in the year preceding assessment.
Companies resident in Nigeria are liable for CIT on their worldwide income and non-resident companies are liable only to CIT… Read more

Company Income Tax Act Amendment

2016-12-15 4:40 PM | by Nigeria Compliancehub

Companies are mandated by law to pay Company Income Tax (CIT) in Nigeria based on the profit. The amount charged is 30% o the profit earned in the year preceding assessment.
Companies resident in Nigeria are liable for CIT on their worldwide income and non-resident companies are liable only to CIT… Read more

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