NGOs includes organizations, institutions and companies engaged in ecclesiastical, charitable, benevolent or educational ac-tivities of a public character. They are non – governmental and non-profit making organisations.
Many countries including Nigeria have recognized the significant role being played by these organizations in building a strong, caring and well-functioning society as well as in contributing to its welfare and economic growth.
In recognition of this, Government grants tax incentives to such organizations in form of exemption of their profits (other than those derived from trade or business carried out by them) from income tax and zero rate of Value Added Tax (VAT) for their humanitarian services.
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