Fwd: Advisory Notice: Operational Compliance & Tax Readiness for Ltd/Gte Organizations

[Ayo Adebusoye]

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From: Nigeria Network of NGOs <nn...@nnngo.org>
Date: Mon, Mar 30, 2026 at 4:38 PM
Subject: Advisory Notice: Operational Compliance & Tax Readiness for Ltd/Gte Organizations
To: <ayo....@gmail.com>

Advisory Notice: Operational Compliance & Tax Readiness for Ltd/Gte Organisations Attention: Executive Directors, Board Members, and Financial Controllers/Managers.  Due to anticipated increases in regulatory tax scrutiny beginning with the 2025 assessment period, it is highly recommended that organisations operating under a Limited by Guarantee (Ltd/Gte) structure review and reinforce their compliance and accounting frameworks. Please review the following advisory to ensure your organization is prepared for the upcoming audit and tax cycles. Immediate Action Items Verify Your Corporate Status:  Review your Corporate Affairs Commission (CAC) registration documents to confirm your exact legal entity type. Ensure you are clear on whether you are registered as Incorporated Trustees (IT) or Limited by Guarantee (Ltd/Gte), as compliance requirements differ significantly.  Segregate Your Activities:  If you are confirmed as a Ltd/Gte, you must establish a clear operational and financial separation between your charitable/nonprofit activities and any income-generating business or consultancy operations.  Evaluate Auditor Expertise:  Assess your current auditing firm or internal audit team. Because of your dual operations, it is crucial that your auditors possess demonstrable expertise in conducting both nonprofit compliance audits and for-profit corporate audits.  Risk Assessment Note:  Commingling charitable funds with consultancy or social enterprise revenues without proper documentation will likely trigger regulatory flags under the heightened scrutiny expected for 2025 tax returns and audits. Proactive financial separation is your best defence.  Best, The Tax Team at the Nigeria Network of NGOs. Facebook Twitter Instagram Email This publication is produced by the Nigeria Network of NGOs. However, the ideas and opinions presented in this document do not necessarily represent those of NNNGO or any other organisations mentioned. Sent by Nigeria Network of NGOs   Do not share this granting newsletter with others as it is shared with specific organisations who are a part of our paid membership.   To join our paid membership, contact nn...@nnngo.org or call 09069460107 You are receiving this newsletter because you are subscribed to the NNNGO membership. Feel free to contact is at nn...@nnngo.org or visit our website www.nnngo.org if you have any questions or comment. Our mailing Address is: Nigeria Network of NGOs  15 Ramat Crescent,  Ogudu GRA,  Lagos, Nlgeria.  Want to change how you receive these emails? You can Unsubscribe or Update your preferences

[Ngozi Okoro]

Thank you for the information 

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[Remilekun Odufuwa]

Received with thanks bro Ayo, Gbu sir. I observed that we've not had a physical meeting for a while, when are we meeting sir?

Yahoo Mail: Search, organise, conquer

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[princess chioma]

Thanks for sharing sir

Sent from my iPhone

On 1 Apr 2026, at 08:55, 'Remilekun Odufuwa' via Lagos State Civil Society Partnership <LAC...@googlegroups.com> wrote:

Received with thanks bro Ayo, Gbu sir. I observed that we've not had a physical meeting for a while, when are we meeting sir?

To view this discussion visit https://groups.google.com/d/msgid/LACSOP/1857429257.1583101.1775030146915%40mail.yahoo.com.