Filing and Paying Taxes

A Start-up Guide To Being Tax Compliant

A Start-up Guide To Being Tax Compliant

By DIY Law 3 min read
Nkechi is the co-founder of a blooming start-up. She's a model business owner as she does everything according to the…
What is Personal Income Tax (PIT)?

What is Personal Income Tax (PIT)?

By Deloitte Nigeria 5 min read
In Nigeria, individuals are required to pay tax on the income derived from a trade, business, profession, vocation or…
Key things to know about the Nigerian Tax System

Key things to know about the Nigerian Tax System

By Chukwuemeka Ayogu 1 min read
If your business is structured as an enterprise it is important to know that there are some taxes you shouldn't…
Pioneer Status Tax Incentive in Nigeria

Pioneer Status Tax Incentive in Nigeria

By Oyindamola Adeosun 1 min read
Pioneer status tax holiday is an initiative by the Nigerian government designed to encourage the growth of specific…
Appeasing the Tax Man: Practical Steps to Effective Tax Compliance

Appeasing the Tax Man: Practical Steps to Effective Tax Compliance

By Deloitte Nigeria 1 min read
Tax-related issues are becoming a recurrent theme both in the international and local media, particularly in the sports…
Income tax of a Business Name - the nitty gritty (2)

Income tax of a Business Name - the nitty gritty (2)

By Deloitte Nigeria 2 min read
This article is the second part of the series "Income tax of a Business Name - the nitty gritty". Having determined the…
Due Dates for Filing Tax Returns and Statutory Deductions

Due Dates for Filing Tax Returns and Statutory Deductions

We have highlighted in the table below, timelines for filing common tax returns and statutory
By Deloitte Nigeria 4 min read
Who pays for Value Added Tax and Withholding Tax?

Who pays for Value Added Tax and Withholding Tax?

Most small business owners are usually confused about the application of Value Added Tax and
By Nairametrics Financial Advocates 2 min read
Tax Implications of Accounting Errors (1)

Tax Implications of Accounting Errors (1)

Nigeria currently operates a self-assessment tax regime. What this means is that taxpayers are
By Deloitte Nigeria 3 min read
MSME Tax 101 - What is VAT?

MSME Tax 101 - What is VAT?

Value added tax (VAT) is a compulsory consumption tax charged and payable on the supply of all
By Deloitte Nigeria 5 min read
Frequently Asked Questions and Answers on General Tax Administration

Frequently Asked Questions and Answers on General Tax Administration

Photo Credit: Question 1 What happens when a taxpayer's payment is posted to a wrong tax
By Oyindamola Adeosun 4 min read
Why taxpayers evade tax: Possible solutions

Why taxpayers evade tax: Possible solutions

Benjamin Franklin was apt when he said "In this world nothing can be said to be certain, except
By Deloitte Nigeria 2 min read
Understanding Value Added Tax (VAT) in Nigeria

Understanding Value Added Tax (VAT) in Nigeria

Value Added Tax (VAT) is an indirect tax levied at a rate of 5% on goods and services consumed. The
By Oyindamola Adeosun 1 min read
FAQs on General Tax Issues for Nigerian MSMEs

FAQs on General Tax Issues for Nigerian MSMEs

1. Why are MSMEs required to pay Tax? MSMEs, like other taxpayers are considered as legal and
By Deloitte Nigeria 2 min read
COVID-19 Alert - Taking Advantage of the Palliative Measures

COVID-19 Alert - Taking Advantage of the Palliative Measures

In light of the recent global crisis brought about by the novel Coronavirus (COVID-19 or the
By Deloitte Nigeria 3 min read
Frequently Asked Questions and Answers on Withholding Tax

Frequently Asked Questions and Answers on Withholding Tax

Photo Credit:  Question 1 What is Withholding Tax (WHT)? Answer: Withholding Tax is
By Oyindamola Adeosun 3 min read
Income tax of a Business Name - the nitty gritty (1)

Income tax of a Business Name - the nitty gritty (1)

Small and medium enterprises (SMEs) are the bedrock of every economy. According to the Nigeria
By Deloitte Nigeria 2 min read
All You Need to Know About the FG's New Pioneer Status Tax Incentive

All You Need to Know About the FG's New Pioneer Status Tax Incentive

The Federal Government of Nigeria recently approved twenty-seven (27) new industries for
By Adenike Adeyemi 1 min read
What do MSMEs stand to gain from paying taxes?

What do MSMEs stand to gain from paying taxes?

Paying taxes in Nigeria is one of the inevitable duties of every business owner yet an
By Deloitte Nigeria 2 min read
Registering for FIRS e-Filing platform: Going digital

Registering for FIRS e-Filing platform: Going digital

In 2017, FIRS announced the introduction of six (6) new electronic tax services (e-services)
By Deloitte Nigeria 2 min read
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