Filing and Paying Taxes

Frequently Asked Questions and Answers on General Tax Administration

Frequently Asked Questions and Answers on General Tax Administration

By Oyindamola Adeosun 4 min read
Photo Credit: Question 1 What happens when a taxpayer's payment is posted to a wrong tax office? Answer: This…
Frequently Asked Questions and Answers on Withholding Tax

Frequently Asked Questions and Answers on Withholding Tax

By Oyindamola Adeosun 3 min read
Photo Credit:  Question 1 What is Withholding Tax (WHT)? Answer: Withholding Tax is basically an advance…
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…
MSME Tax 101 - What is VAT?

MSME Tax 101 - What is VAT?

By Deloitte Nigeria 5 min read
Value added tax (VAT) is a compulsory consumption tax charged and payable on the supply of all goods and services,…
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…
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…
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
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
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
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
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
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
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 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
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
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
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
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
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
A Start-up Guide To Being Tax Compliant

A Start-up Guide To Being Tax Compliant

Nkechi is the co-founder of a blooming start-up. She's a model business owner as she does
By DIY Law 3 min read
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