Filing and Paying Taxes

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…
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…
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…
Overview and importance of stamp duties

Overview and importance of stamp duties

By Deloitte Nigeria 1 min read
Stamp duties are taxes levied on instruments executed by both companies and individuals. The duty rates vary depending…
MSME Tax 101 - What is CIT?

MSME Tax 101 - What is CIT?

By Deloitte Nigeria 4 min read
Companies income tax (CIT) is a type of tax levied on profits of limited liability companies accruing in, derived…
Withholding Tax, What you need to know

Withholding Tax, What you need to know

By Deloitte Nigeria 1 min read
Introduction Income tax[1] is an annual tax levied by the state or federal governments on the income and profits of…
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
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
FIRS could seal your office if you get these two notices

FIRS could seal your office if you get these two notices

The Federal Inland Revenue Service (FIRS) has made it clear to businesses in Nigeria
By Nairametrics Financial Advocates 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
Income tax of a Business Name - the nitty gritty (2)

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

This article is the second part of the series "Income tax of a Business Name - the nitty gritty".
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
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
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
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
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
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
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
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
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
Load more articles