Filing and Paying Taxes

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: …
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

By Adenike Adeyemi 1 min read
The Federal Government of Nigeria recently approved twenty-seven (27) new industries for inclusion in the list of…
Understanding Value Added Tax (VAT) in Nigeria

Understanding Value Added Tax (VAT) in Nigeria

By Oyindamola Adeosun 1 min read
Value Added Tax (VAT) is an indirect tax levied at a rate of 5% on goods and services consumed. The final burden of VAT…
FIRS could seal your office if you get these two notices

FIRS could seal your office if you get these two notices

By Nairametrics Financial Advocates 1 min read
The Federal Inland Revenue Service (FIRS) has made it clear to businesses in Nigeria that it is…
Understanding Minimum Tax

Understanding Minimum Tax

By Abisoye Ayoola 2 min read
We all look forward to the festive seasons because it brings with it joy, sense of community, great sales,…
How to avoid paying excessive taxes in Nigeria

How to avoid paying excessive taxes in Nigeria

By Nairametrics Financial Advocates 8 min read
Taxes are statutory obligations of every citizen and businesses in a country. It is thus a major factor in…
Local Government Taxes for Micro Small and Medium Scale Enterprises

Local Government Taxes for Micro Small and Medium Scale Enterprises

Nigeria is a Federation with Governmental authority distributed along Federal, State and Local
By Deloitte Nigeria 2 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
Registration of Micro, Small and Medium Enterprises (MSMEs) for tax purposes

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

Micro, Small and Medium Enterprises (MSMEs) are the crux of economic growth of any nation.
By Deloitte Nigeria 3 min read
Tax Administration Automation: Hassle of the taxpayer

Tax Administration Automation: Hassle of the taxpayer

The impact of advances in information and communication technology in sectors such as
By Deloitte Nigeria 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
State Government Taxes for Micro, Small and Medium Enterprises (MSMEs)

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

The administration of taxes in Nigeria is vested in the various tax authorities at each tier of
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
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
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
List of Regulatory Bodies in Nigeria that Entrepreneurs Should Know

List of Regulatory Bodies in Nigeria that Entrepreneurs Should Know

As a business owner, you probably know that your business is regulated by different laws. Some of
By DIY Law 4 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
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
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
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
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