Filing and Paying Taxes

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…
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…
Why taxpayers evade tax: Possible solutions

Why taxpayers evade tax: Possible solutions

By Deloitte Nigeria 2 min read
Benjamin Franklin was apt when he said "In this world nothing can be said to be certain, except death and taxes". Some…
Registering for FIRS e-Filing platform: Going digital

Registering for FIRS e-Filing platform: Going digital

By Deloitte Nigeria 2 min read
In 2017, FIRS announced the introduction of six (6) new electronic tax services (e-services) after several years…
Who pays for Value Added Tax and Withholding Tax?

Who pays for Value Added Tax and Withholding Tax?

By Nairametrics Financial Advocates 2 min read
Most small business owners are usually confused about the application of Value Added Tax and Withholding Tax when…
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…
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
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
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
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
7 key facts on Nigeria's Companies Income Tax

7 key facts on Nigeria's Companies Income Tax

The legal framework establishing the Companies Income Tax (CIT) is the Companies Income Tax Act Cap
By Deloitte Nigeria 3 min read
Pioneer Status Tax Incentive in Nigeria

Pioneer Status Tax Incentive in Nigeria

Pioneer status tax holiday is an initiative by the Nigerian government designed to encourage the
By Oyindamola Adeosun 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
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
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
Withholding Tax, What you need to know

Withholding Tax, What you need to know

Introduction Income tax[1] is an annual tax levied by the state or federal governments on the
By Deloitte Nigeria 1 min read
What is Personal Income Tax (PIT)?

What is Personal Income Tax (PIT)?

In Nigeria, individuals are required to pay tax on the income derived from a trade, business,
By Deloitte Nigeria 5 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
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
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
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