How to File and Pay Taxes

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…
Tax Implications of Accounting Errors (1)

Tax Implications of Accounting Errors (1)

By Deloitte Nigeria 3 min read
Nigeria currently operates a self-assessment tax regime. What this means is that taxpayers are given the right to…
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,…
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…
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…
FAQs on General Tax Issues for Nigerian MSMEs

FAQs on General Tax Issues for Nigerian MSMEs

By Deloitte Nigeria 2 min read
1. Why are MSMEs required to pay Tax? MSMEs, like other taxpayers are considered as legal and economic persons and as…
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
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
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
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
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 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
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
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
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
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
Pension contributions in Nigeria: Obligations for remittance (Part 2)

Pension contributions in Nigeria: Obligations for remittance (Part 2)

A summary of employee and employer obligations is shown in the table below: Subject
By Deloitte Nigeria 1 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
Load more articles