Question 4
ICAN
•
2026
•
TAXATION
•
mixed
Case Stimulus
The Nigeria Startup Act 2022, was signed into law on October 19, 2022, to foster innovation, attract investment, and create a favourable business climate for tech-enabled startups in Nigeria. The Act provides a legal and institutional framework for the development of startups, with the goal of positioning Nigeria as a leading digital technology hub in Africa.
Mr. Akin, a young entrepreneur in Lagos, was considering registering his fintech company under the Nigeria Startup Act to obtain the startup label. He sought your professional advice as a Tax Consultant.
Requirements
(
a
)
Explain the eligibility criteria for a company to qualify as a labelled startup.
(
b
)
Explain SIX tax and fiscal incentives available to labelled startups.
(
c
)
Explain THREE incentives or reliefs available to investors who invest in labelled startups.
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About This Question
This is
Ican
2026
Taxation
Question 4.
It is one of the
mixed
questions from the
2026
Ican
Taxation
examination.