Filing and Paying Taxes

What do MSMEs stand to gain from paying taxes?

What do MSMEs stand to gain from paying taxes?

By Deloitte Nigeria 2 min read
Paying taxes in Nigeria is one of the inevitable duties of every business owner yet an unwanted obligation,…
Registration of Micro, Small and Medium Enterprises (MSMEs) for tax purposes

Registration of Micro, Small and Medium Enterprises (MSMEs) for tax purposes

By Deloitte Nigeria 3 min read
Micro, Small and Medium Enterprises (MSMEs) are the crux of economic growth of any nation. According to Ibrahim…
Local Government Taxes for Micro Small and Medium Scale Enterprises

Local Government Taxes for Micro Small and Medium Scale Enterprises

By Deloitte Nigeria 2 min read
Nigeria is a Federation with Governmental authority distributed along Federal, State and Local Government levels. This…
State Government Taxes for Micro, Small and Medium Enterprises (MSMEs)

State Government Taxes for Micro, Small and Medium Enterprises (MSMEs)

By Deloitte Nigeria 2 min read
The administration of taxes in Nigeria is vested in the various tax authorities at each tier of government, depending…
Due Dates for Filing Tax Returns and Statutory Deductions

Due Dates for Filing Tax Returns and Statutory Deductions

By Deloitte Nigeria 4 min read
We have highlighted in the table below, timelines for filing common tax returns and statutory deductions: …
List of Regulatory Bodies in Nigeria that Entrepreneurs Should Know

List of Regulatory Bodies in Nigeria that Entrepreneurs Should Know

By DIY Law 4 min read
As a business owner, you probably know that your business is regulated by different laws. Some of these laws govern…
Overview and importance of stamp duties

Overview and importance of stamp duties

Stamp duties are taxes levied on instruments executed by both companies and individuals. The duty
By Deloitte Nigeria 1 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
Appeasing the Tax Man: Practical Steps to Effective Tax Compliance

Appeasing the Tax Man: Practical Steps to Effective Tax Compliance

Tax-related issues are becoming a recurrent theme both in the international and local media,
By Deloitte Nigeria 1 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
How to avoid paying excessive taxes in Nigeria

How to avoid paying excessive taxes in Nigeria

Taxes are statutory obligations of every citizen and businesses in a country. It is thus a major
By Nairametrics Financial Advocates 8 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
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
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
Protecting your bottom-line: avoidable tax costs

Protecting your bottom-line: avoidable tax costs

In the course of my about a decade tax career, the experience has been that time and time
By Abisoye Ayoola 3 min read
Federal Government Taxes for Micro Small and Medium Scale Enterprises (MSMEs)

Federal Government Taxes for Micro Small and Medium Scale Enterprises (MSMEs)

In Nigeria, the right to administer and collect taxes is distributed between the three tiers of
By Deloitte Nigeria 2 min read
Key things to know about the Nigerian Tax System

Key things to know about the Nigerian Tax System

If your business is structured as an enterprise it is important to know that there are
By Chukwuemeka Ayogu 1 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
MSME Tax 101 - What is CIT?

MSME Tax 101 - What is CIT?

Companies income tax (CIT) is a type of tax levied on profits of limited liability companies
By Deloitte Nigeria 4 min read
Understanding Minimum Tax

Understanding Minimum Tax

We all look forward to the festive seasons because it brings with it joy, sense of community,
By Abisoye Ayoola 2 min read
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