Since today is March 31st, you are at the final deadline for the 2025 tax year. Whether you are using an online portal (like OYSIRS for Oyo or LIRS for Lagos, etc) or a paper form, the logic is the same. Here is the "Quick-Start" guide to filling your return accurately before the day ends. Phase 1:Read more
Since today is March 31st, you are at the final deadline for the 2025 tax year. Whether you are using an online portal (like OYSIRS for Oyo or LIRS for Lagos, etc) or a paper form, the logic is the same.
Here is the “Quick-Start” guide to filling your return accurately before the day ends.
Phase 1: The Prep (3 Essentials)
Before opening the form, have these numbers ready:
Annual Gross Income: Your total earnings from Jan–Dec 2025 (Salary + Bonuses + Side business profits).
Tax Already Paid: Check your 2025 payslips for the total PAYE deducted by your employer.
Reliefs (Tax Discounts): Total amount you paid into Pension, NHF, or Life Insurance. These reduce your taxable income!
Phase 2: Filling the Sections
Section, What to do Personal Details, “Enter your TIN (Tax ID), full name, and current residence address.” Income Source, “List your main salary. If you have a side hustle, list the Net Profit (Revenue minus business costs).” Deductions, Input your Pension and NHF totals. The system will automatically apply the Consolidated Relief Allowance (CRA). Final Calculation, “Subtract the “”Tax Already Paid”” from the “”Total Tax Due.”””
The Result: If the balance is 0, you are compliant! If it’s positive, you must pay that balance today to avoid a penalty.
Phase 3: Submission (How to Finish)
Option A: The Online Portal (Fastest)
Log in to your State’s IRS website.
Input your figures into the digital “Form A.”
Click Submit and immediately download your Acknowledgment Receipt.
Option B: The Tax Office (Safest if the web is down)
Walk into the nearest tax office and ask for the Personal Income Tax Annual Return form.
Fill it out manually, sign it, and ensure the officer stamps your copy as “Received.”
Pro-Tip for the Deadline
If you don’t have your exact payslips handy right now, estimate your total income as accurately as you can and file anyway. It is much cheaper to “amend” a small error later than to pay the heavy fine for missing the March 31st deadline entirely.
Think of Filing an Annual Tax Return as a "yearly financial report card" that you submit to the government. It is a formal statement where you declare exactly how much money you made and how much tax you paid over the last 12 months. Here is the simple breakdown of what it actually means: 1. What isRead more
Think of Filing an Annual Tax Return as a “yearly financial report card” that you submit to the government. It is a formal statement where you declare exactly how much money you made and how much tax you paid over the last 12 months.
Here is the simple breakdown of what it actually means:
1. What is the “File”?
It isn’t usually a physical folder; it is a form (often called Form A) where you list:
Your Total Income: Salary, business profits, side hustles, or rent received.
Your Expenses/Reliefs: Costs like pension contributions or health insurance that reduce your tax.
Tax Already Paid: Any tax your employer already deducted (PAYE).
2. What does “Filing” mean?
Filing is the act of submitting this form to the tax authorities (like the LIRS in Lagos or OYSIRS in Oyo).
The Goal: To prove to the government that you have paid the correct amount of tax.
The Result: Once you file, you can apply for a Tax Clearance Certificate (TCC), which you’ll need for things like bank loans, visas, or government contracts.
When does it happen?
In Nigeria, for individuals and business owners, the deadline is March 31st every year. You are reporting on everything you earned from January to December of the previous year.
Why do it if you already pay tax?
Even if your employer deducts tax every month, the government doesn’t know about your other income (like a side business). Filing the annual return brings all your records together so your tax profile is “clean” and up to date.
Summary in one sentence:
Think of it this way: Filing your annual return is like handing in a yearly “financial report card” to the tax office to confirm that every Naira you earned has been properly accounted for and taxed.
Since you are filing as a business owner in Oyo State, your process falls under Direct Assessment. This means you are responsible for calculating your own tax based on your annual business profits. Here is your concise, step-by-step guide to filing without mistakes: The Hard Deadline March 31st: AsRead more
Since you are filing as a business owner in Oyo State, your process falls under Direct Assessment. This means you are responsible for calculating your own tax based on your annual business profits.
Here is your concise, step-by-step guide to filing without mistakes:
The Hard Deadline
March 31st: As a business owner, today is actually the final day to file your annual returns for the 2025 tax year. Filing after today may attract penalties.
3 Steps to File as a Business Owner
1. Calculate Your “Taxable Profit”
You don’t pay tax on everything you touched; you pay on what you kept.
Gross Income: Total money your business brought in last year.
Minus Business Expenses: Subtract costs like rent for your shop/office, staff salaries, electricity, and raw materials.
Net Profit: This is the figure you will declare on your tax form.
2. Use the OYSIRS Self-Service Portal
Go to https://oyostatebir.com/ and log in with your Business TIN.
Select “Annual Returns” or “Direct Assessment.”
Fill in your business details and your calculated Net Profit.
Claim your Reliefs: The system allows you to deduct a “Consolidated Relief Allowance” (a standard discount on your tax) and other items like life insurance or pension contributions.
3. Assessment and Payment
After filling the form, the portal will generate an Assessment Notice showing the tax amount due.
Pay immediately via the portal or at any bank using the Payment Code (PRN) generated.
Download your Receipt: This is your proof of compliance.
2 Important Tips for Business Owners
Keep a Simple Cashbook: If the tax office ever audits you, they will want to see the receipts for the expenses you deducted (like shop rent or fuel).
Separate Personal from Business: Don’t deduct personal expenses (like your children’s school fees) as business costs. Only things that helped you make money are deductible.
What if the portal is slow?
Since today is the deadline, if the website is lagging, walk into any OYSIRS office immediately. Ask for “Form A” for Direct Assessment. Filling it manually and getting it stamped today protects you from late-filing fines.
The short answer is no. If you are living outside Nigeria and your income is earned from a foreign source, you generally do not have to file or pay Personal Income Tax (PIT) in Nigeria. Here is a simple breakdown of why your Nigerian bank account doesn't automatically trigger a tax bill: 1. Tax is bRead more
The short answer is no. If you are living outside Nigeria and your income is earned from a foreign source, you generally do not have to file or pay Personal Income Tax (PIT) in Nigeria.
Here is a simple breakdown of why your Nigerian bank account doesn’t automatically trigger a tax bill:
1. Tax is based on “Residency” and “Source”
In Nigeria, you are only required to file Personal Income Tax if:
You live in Nigeria (Resident) for more than 183 days in a year.
Your income comes from Nigeria (Source), such as a salary from a Nigerian company, rent from a house in Lagos, or profits from a local business.
Since you live abroad and your money is earned abroad, you fall outside these rules.
2. Using a Nigerian Bank Account for Savings
Simply having a Nigerian bank account for savings or personal transactions does not make your foreign earnings taxable in Nigeria.
Savings: Moving your own “after-tax” money from abroad into a Nigerian account is not considered “new income.”
Transactions: Paying bills or sending money to family from that account is a personal expense, not a taxable event.
When would you need to file?
You would only need to start filing with a Nigerian State IRS (like LIRS or OYSIRS) if:
You move back to Nigeria and continue your work from there.
You start a business in Nigeria that generates profit.
You buy a property in Nigeria and start collecting rent.
Summary
If you are a non-resident and your work has nothing to do with a Nigerian employer or business, you do not need to file these details. Your foreign income is between you and the tax authorities of the country where you currently live.
Does this clear up your concerns, or are you planning to start a small business back home in Nigeria soon?
Filing your taxes in Oyo State is straightforward if you follow the right timeline and use the official digital tools. Whether you are an employee or self-employed, here is the essential guide to doing it right. The Deadlines You Must Know For Individuals (Self-Employed/Traders): You must file yourRead more
Filing your taxes in Oyo State is straightforward if you follow the right timeline and use the official digital tools. Whether you are an employee or self-employed, here is the essential guide to doing it right.
The Deadlines You Must Know
For Individuals (Self-Employed/Traders): You must file your annual return by March 31st every year.
For Employers: You must file the annual returns for all your staff by January 31st.
How to File Easily (Step-by-Step)
Step 1: Get Your Oyo TIN
You need an Oyo State Tax Identification Number. If you don’t have one, visit the Oyo State Enrollment Portal or any Oyo State Internal Revenue Service (OYSIRS) office to register.
Step 2: Use the Self-Service Portal
The easiest way to avoid mistakes is to use the OYSIRS Self-Service Portal (https://oyostatebir.com/).
Log in with your TIN.
Declare your income: Enter your total earnings from the previous year (January–December).
Claim Reliefs: Don’t forget to input non-taxable deductions like Pension or NHF to lower your tax bill.
Step 3: Assessment and Payment
Once you submit your details, the system (or a tax officer) will give you an Assessment Notice showing exactly how much you owe.
Pay via the portal using your card or at any authorized bank using the provided payment code.
Download your receipt immediately after payment.
3 Common Mistakes to Avoid
Under-reporting Income: Ensure you include side businesses or “gigs,” not just your main salary.
Missing the March 31st Deadline: Late filing attracts avoidable penalties and interest.
Losing Receipts: Always save a digital or physical copy of your Revenue Receipt; you will need it for a Tax Clearance Certificate (TCC) later.
Pro-Tip for Beginners
If the online portal feels confusing, walk into the nearest OYSIRS Tax Office. Tell the officer: “I want to do my Direct Assessment filing for the year.” They are trained to guide first-timers through the forms for free.
Are you filing as a business owner or as an individual with a side hustle?
It’s completely understandable to be confused. Nonetheless, in Nigeria, Personal Income Tax (PIT) is based on residency, not your state of origin or where you grew up. The simple rule is: You file your taxes in the state where you lived and worked for the majority of the tax year. Which State ShouldRead more
It’s completely understandable to be confused. Nonetheless, in Nigeria, Personal Income Tax (PIT) is based on residency, not your state of origin or where you grew up.
The simple rule is: You file your taxes in the state where you lived and worked for the majority of the tax year.
Which State Should You Choose?
Based on your situation, here is the breakdown:
Oyo State (Current Residence): This is where you should file. Because you currently live and earn your income here, you are a tax resident of Oyo.
Lagos State (State of Origin): This is irrelevant for PIT. Your “home state” does not collect your income tax unless you actually live there.
Ogun State (Past Residence): Since you no longer live there, you have no tax obligation to Ogun for your current income.
Conclusion: You must file with the Oyo State Internal Revenue Service (OYSIRS).
Use your TIN: If you have a Tax Identification Number, it will work here. If not, the portal will help you generate an Oyo State-specific tax ID.
Declare Income: Report what you earned while living in Oyo.
Key Rule of Thumb
Tax follows the person, not the birth certificate. If you move to a new state for work and stay there for more than 183 days in a year, that state becomes your “Tax Home.”
It’s completely understandable to be confused about the "rent" part. When tax experts say "rent," they usually mean money you receive (like a landlord), not the rent you pay as a tenant. As a Keke driver in Lagos, your income isn't "fixed," but the process for filing your Personal Income Tax (PIT) iRead more
It’s completely understandable to be confused about the “rent” part. When tax experts say “rent,” they usually mean money you receive (like a landlord), not the rent you pay as a tenant.
As a Keke driver in Lagos, your income isn’t “fixed,” but the process for filing your Personal Income Tax (PIT) is actually quite straightforward.
Here is the concise breakdown for your specific situation:
1. The “Rent” Confusion Cleared Up
Rent you PAY (as a tenant): This is a personal expense. It does not count as income, and you cannot deduct it from your taxes.
Rent you RECEIVE (as a landlord): This is taxable income. Since you are a tenant, you can simply ignore this part of the tax form.
2. How to Calculate Your Taxable Income
Since your daily earnings change, you must look at your Annual Total, not your monthly average.
Step A (Total Intake): Add up all the money you made in 2025 (even the ₦0 days).
Step B (Business Expenses): Subtract money spent directly on the Keke (Fuel, repairs, spare parts, and association levies/stickers).
Step C (Net Income): What is left after Step B is your Taxable Income.
Important: You cannot subtract personal costs like food, school fees, or your house rent from your tax calculation. Only Keke-related costs count.
3. Filing in Lagos (LIRS)
Lagos uses a “Progressive Tax” system. This means you pay a small percentage on the first ₦500k, a bit more on the next ₦500k, and so on.
TIN: Ensure you have a Tax Identification Number from the Lagos State Internal Revenue Service (LIRS).
Direct Assessment: As a self-employed driver, you file under “Direct Assessment.” You declare your net income for the year, and the LIRS calculates what you owe based on the state’s percentage tables.
A Simple Example for You
Total Yearly Keke Takings: ₦1,500,000
Minus Fuel & Repairs: – ₦500,000
Your Taxable Income: ₦1,000,000
(You then pay tax based on this ₦1M, regardless of how much your house rent cost you.)
Summary for a Keke Driver
Keep a small diary: Note down your daily “take-home” after fuel.
Save repair or other receipts: These help prove your expenses if the tax office asks.
File by March 31st: Even with irregular income, you must file your annual return by this deadline every year.
Filing your taxes for the first time in Anambra State might seem intimidating, but once you break it down, it is a very straightforward process. If you live or work in Anambra, you are dealing with the Anambra State Internal Revenue Service (AiRS). Here is a beginner-friendly, step-by-step guide toRead more
Filing your taxes for the first time in Anambra State might seem intimidating, but once you break it down, it is a very straightforward process. If you live or work in Anambra, you are dealing with the Anambra State Internal Revenue Service (AiRS).
Here is a beginner-friendly, step-by-step guide to getting it right and avoiding penalties.
The Most Important Date
March 31st: This is the annual deadline to file your “Personal Income Tax Returns” for the previous year. Even if you didn’t earn a lot of money, the law requires you to file a report of whatever you did earn.
Step 1: Get Your ASIN (Your Tax ID)
Before you can do anything, you need an Anambra State Identification Number (ASIN). This is your unique “Tax Identity” in the state.
How to get it: Visit any AiRS office or their official online portal.
What to bring: A valid ID (National ID, Voter’s Card, or Driver’s License) and your basic personal details.
Why: You cannot pay or file taxes in Anambra without an ASIN.
Step 2: Prepare Your Information
You don’t need complex accounting, just a clear record of:
Total Income: Your total salary or business profit from January to December of the previous year.
Other Income: Money from house rent, small side hustles, or investments.
Deductions: If you pay into a Pension fund or National Health Insurance (NHF), have those amounts ready as they can reduce the tax you owe.
Step 3: Fill “Form A” (The Annual Return)
This is the document where you declare your earnings.
The Form: Ask for “Form A” at any tax office.
The “Nil Return”: If you were unemployed or earned zero income last year, you still fill this form but enter “0” or “Nil.” This proves to the government that you aren’t hiding income; you simply didn’t have any.
Step 4: Submit and Keep Your Receipt
Once filled, submit the form back to the AiRS. They will give you an Acknowledgment Slip.
Pro Tip: Never lose this slip. It is your “Get Out of Jail Free” card if the government ever claims you didn’t file your taxes.
Common Mistakes to Avoid
Thinking “No Income” means “No Filing”: Even if you earned nothing, you must file a “Nil Return” to stay compliant.
Waiting until March 31st: The offices get very crowded in the last week. Try to finish this in February or early March.
Ignoring it: Small penalties can grow into big fines over time. Filing early builds a clean financial record, which you’ll need if you ever want to apply for a visa or a business loan.
The “First-Timer” Shortcut
If you are still confused, the best thing to do is walk into any Anambra State Internal Revenue Service (AiRS) office and say:
“I have my ASIN and I want to file my Personal Income Tax returns for the first time. Please guide me on how to fill Form A.”
The staff are usually very helpful with beginners and will walk you through the lines on the form.
If you have already received your allotment and the money has been debited, you can breathe easy. Seeing "Bond subscription not found in your history" on the Afrinvest app is a common technical quirk and usually doesn't mean your investment is missing. Here is what is likely happening and how to douRead more
If you have already received your allotment and the money has been debited, you can breathe easy. Seeing “Bond subscription not found in your history” on the Afrinvest app is a common technical quirk and usually doesn’t mean your investment is missing.
Here is what is likely happening and how to double-check:
Why the message appears
System Sync Delay: FGN Savings Bonds are processed through the Debt Management Office (DMO) and the CSCS, not directly on the app’s internal server. It often takes time for the app to “pull” that data into your history.
Notification Glitch: Afrinvest frequently sends automated alerts that don’t always link correctly to a user’s specific dashboard, especially if the subscription was finalized via email or a stockbroker.
Unread “Ghost” Messages: Sometimes the app triggers a generic error message simply because a specific “subscription” button wasn’t the final step in your process.
3 Ways to Confirm You Are Safe
Check your Portfolio: Go to the “Portfolio” or “Holdings” section of the app (not the history). If you see the Bond units listed there, you are 100% fine.
Verify via Email: If you received an Allotment Confirmation email from Afrinvest or the CSCS, that is your legal proof of ownership.
Check your CSCS Statement: Since all FGN Bonds are credited to your CSCS account, a quick check of your monthly statement will show exactly how many units you own.
When to actually worry
You should only contact Afrinvest support if:
The money was debited but you never received an allotment email.
The bonds do not appear in your Portfolio Holdings after the official allotment date.
The Bottom Line: Since you mentioned they have all been allotted, these are likely just “ghost” notifications. Your investment is secure!
Have you checked your “Portfolio” tab specifically, or were you only looking at the “Messages” section?
Unlike a regular bank account, the Stanbic IBTC Money Market Fund doesn't have a fixed interest rate. Instead, it offers a variable yield that changes daily based on the Nigerian financial market. Current Performance (Early 2026) Recent Annual Yield: Approximately 15% – 20% per year. Current Trend:Read more
Unlike a regular bank account, the Stanbic IBTC Money Market Fund doesn’t have a fixed interest rate. Instead, it offers a variable yield that changes daily based on the Nigerian financial market.
Current Performance (Early 2026)
Recent Annual Yield: Approximately 15% – 20% per year.
Current Trend: Yields have been strong, with some periods hitting closer to 19%.
Daily Growth: Your interest is calculated and compounded daily, meaning you earn “interest on your interest” every 24 hours.
Real-Life Example (₦500,000 Investment)
If the average yield stays at 18%, here is a rough estimate of your earnings:
Yearly Profit: ~₦90,000 (500,000 x 0.18)
Monthly Profit: ₦7,500 (90,000 / 12)
Why does the rate change?
The fund’s performance depends on what the manager invests in, such as:
Treasury Bills
Commercial Papers
Bank Fixed Deposits
When market interest rates in Nigeria go up, your Stanbic returns usually follow.
Key Details for Investors
Minimum Start: Only ₦5,000.
Liquidity: You can withdraw your money within 24–48 hours.
Risk: Very Low. It is one of the safest places to keep money outside of a standard savings account.
Wisdom note: It is a much smarter move than a regular savings account (which pays far less), making it perfect for your emergency fund or short-term savings.
Are you looking to invest a one-time lump sum, or are you planning to set up a monthly standing order?
How Do I File Annual Tax Returns in Nigeria as an Individual or Business Owner?
Since today is March 31st, you are at the final deadline for the 2025 tax year. Whether you are using an online portal (like OYSIRS for Oyo or LIRS for Lagos, etc) or a paper form, the logic is the same. Here is the "Quick-Start" guide to filling your return accurately before the day ends. Phase 1:Read more
Since today is March 31st, you are at the final deadline for the 2025 tax year. Whether you are using an online portal (like OYSIRS for Oyo or LIRS for Lagos, etc) or a paper form, the logic is the same.
Here is the “Quick-Start” guide to filling your return accurately before the day ends.
Phase 1: The Prep (3 Essentials)
Before opening the form, have these numbers ready:
Phase 2: Filling the Sections
Section, What to do
Personal Details, “Enter your TIN (Tax ID), full name, and current residence address.”
Income Source, “List your main salary. If you have a side hustle, list the Net Profit (Revenue minus business costs).”
Deductions, Input your Pension and NHF totals. The system will automatically apply the Consolidated Relief Allowance (CRA).
Final Calculation, “Subtract the “”Tax Already Paid”” from the “”Total Tax Due.”””
The Result: If the balance is 0, you are compliant! If it’s positive, you must pay that balance today to avoid a penalty.
Phase 3: Submission (How to Finish)
Option A: The Online Portal (Fastest)
Option B: The Tax Office (Safest if the web is down)
Pro-Tip for the Deadline
If you don’t have your exact payslips handy right now, estimate your total income as accurately as you can and file anyway. It is much cheaper to “amend” a small error later than to pay the heavy fine for missing the March 31st deadline entirely.
Goodluck!
See lessWhat Is the Meaning of Annual Tax Return Filing With FIRS in Nigeria?
Think of Filing an Annual Tax Return as a "yearly financial report card" that you submit to the government. It is a formal statement where you declare exactly how much money you made and how much tax you paid over the last 12 months. Here is the simple breakdown of what it actually means: 1. What isRead more
Think of Filing an Annual Tax Return as a “yearly financial report card” that you submit to the government. It is a formal statement where you declare exactly how much money you made and how much tax you paid over the last 12 months.
Here is the simple breakdown of what it actually means:
1. What is the “File”?
It isn’t usually a physical folder; it is a form (often called Form A) where you list:
2. What does “Filing” mean?
Filing is the act of submitting this form to the tax authorities (like the LIRS in Lagos or OYSIRS in Oyo).
When does it happen?
In Nigeria, for individuals and business owners, the deadline is March 31st every year. You are reporting on everything you earned from January to December of the previous year.
Why do it if you already pay tax?
Even if your employer deducts tax every month, the government doesn’t know about your other income (like a side business). Filing the annual return brings all your records together so your tax profile is “clean” and up to date.
Summary in one sentence:
Think of it this way: Filing your annual return is like handing in a yearly “financial report card” to the tax office to confirm that every Naira you earned has been properly accounted for and taxed.
Goodluck!
See lessHow Do I File Personal Income Tax in Oyo State Nigeria Before the Tax Deadline Without Errors?
Since you are filing as a business owner in Oyo State, your process falls under Direct Assessment. This means you are responsible for calculating your own tax based on your annual business profits. Here is your concise, step-by-step guide to filing without mistakes: The Hard Deadline March 31st: AsRead more
Since you are filing as a business owner in Oyo State, your process falls under Direct Assessment. This means you are responsible for calculating your own tax based on your annual business profits.
Here is your concise, step-by-step guide to filing without mistakes:
The Hard Deadline
March 31st: As a business owner, today is actually the final day to file your annual returns for the 2025 tax year. Filing after today may attract penalties.
3 Steps to File as a Business Owner
1. Calculate Your “Taxable Profit”
You don’t pay tax on everything you touched; you pay on what you kept.
2. Use the OYSIRS Self-Service Portal
Go to https://oyostatebir.com/ and log in with your Business TIN.
3. Assessment and Payment
2 Important Tips for Business Owners
What if the portal is slow?
Since today is the deadline, if the website is lagging, walk into any OYSIRS office immediately. Ask for “Form A” for Direct Assessment. Filling it manually and getting it stamped today protects you from late-filing fines.
Goodluck!
See lessDo I Need to File Personal Income Tax in Nigeria If My Earnings Are Not Generated Within Nigeria?
The short answer is no. If you are living outside Nigeria and your income is earned from a foreign source, you generally do not have to file or pay Personal Income Tax (PIT) in Nigeria. Here is a simple breakdown of why your Nigerian bank account doesn't automatically trigger a tax bill: 1. Tax is bRead more
The short answer is no. If you are living outside Nigeria and your income is earned from a foreign source, you generally do not have to file or pay Personal Income Tax (PIT) in Nigeria.
Here is a simple breakdown of why your Nigerian bank account doesn’t automatically trigger a tax bill:
1. Tax is based on “Residency” and “Source”
In Nigeria, you are only required to file Personal Income Tax if:
Since you live abroad and your money is earned abroad, you fall outside these rules.
2. Using a Nigerian Bank Account for Savings
Simply having a Nigerian bank account for savings or personal transactions does not make your foreign earnings taxable in Nigeria.
When would you need to file?
You would only need to start filing with a Nigerian State IRS (like LIRS or OYSIRS) if:
Summary
If you are a non-resident and your work has nothing to do with a Nigerian employer or business, you do not need to file these details. Your foreign income is between you and the tax authorities of the country where you currently live.
Does this clear up your concerns, or are you planning to start a small business back home in Nigeria soon?
Goodluck!
See lessHow Do I File Personal Income Tax in Oyo State Nigeria Before the Tax Deadline Without Errors?
Filing your taxes in Oyo State is straightforward if you follow the right timeline and use the official digital tools. Whether you are an employee or self-employed, here is the essential guide to doing it right. The Deadlines You Must Know For Individuals (Self-Employed/Traders): You must file yourRead more
Filing your taxes in Oyo State is straightforward if you follow the right timeline and use the official digital tools. Whether you are an employee or self-employed, here is the essential guide to doing it right.
The Deadlines You Must Know
How to File Easily (Step-by-Step)
Step 1: Get Your Oyo TIN
You need an Oyo State Tax Identification Number. If you don’t have one, visit the Oyo State Enrollment Portal or any Oyo State Internal Revenue Service (OYSIRS) office to register.
Step 2: Use the Self-Service Portal
The easiest way to avoid mistakes is to use the OYSIRS Self-Service Portal (https://oyostatebir.com/).
Step 3: Assessment and Payment
Once you submit your details, the system (or a tax officer) will give you an Assessment Notice showing exactly how much you owe.
3 Common Mistakes to Avoid
Pro-Tip for Beginners
If the online portal feels confusing, walk into the nearest OYSIRS Tax Office. Tell the officer: “I want to do my Direct Assessment filing for the year.” They are trained to guide first-timers through the forms for free.
Are you filing as a business owner or as an individual with a side hustle?
Goodluck!
See lessWhich State Portal Should I Use for Personal Income Tax Filing in Nigeria If I Live in a Different State From My Origin?
It’s completely understandable to be confused. Nonetheless, in Nigeria, Personal Income Tax (PIT) is based on residency, not your state of origin or where you grew up. The simple rule is: You file your taxes in the state where you lived and worked for the majority of the tax year. Which State ShouldRead more
It’s completely understandable to be confused. Nonetheless, in Nigeria, Personal Income Tax (PIT) is based on residency, not your state of origin or where you grew up.
The simple rule is: You file your taxes in the state where you lived and worked for the majority of the tax year.
Which State Should You Choose?
Based on your situation, here is the breakdown:
Conclusion: You must file with the Oyo State Internal Revenue Service (OYSIRS).
How to File in Oyo State
Key Rule of Thumb
Tax follows the person, not the birth certificate. If you move to a new state for work and stay there for more than 183 days in a year, that state becomes your “Tax Home.”
Goodluck!
See lessHow Do Keke Napep Drivers in Lagos Nigeria File Personal Income Tax With Irregular Daily Income for 2025?
It’s completely understandable to be confused about the "rent" part. When tax experts say "rent," they usually mean money you receive (like a landlord), not the rent you pay as a tenant. As a Keke driver in Lagos, your income isn't "fixed," but the process for filing your Personal Income Tax (PIT) iRead more
It’s completely understandable to be confused about the “rent” part. When tax experts say “rent,” they usually mean money you receive (like a landlord), not the rent you pay as a tenant.
As a Keke driver in Lagos, your income isn’t “fixed,” but the process for filing your Personal Income Tax (PIT) is actually quite straightforward.
Here is the concise breakdown for your specific situation:
1. The “Rent” Confusion Cleared Up
2. How to Calculate Your Taxable Income
Since your daily earnings change, you must look at your Annual Total, not your monthly average.
Important: You cannot subtract personal costs like food, school fees, or your house rent from your tax calculation. Only Keke-related costs count.
3. Filing in Lagos (LIRS)
Lagos uses a “Progressive Tax” system. This means you pay a small percentage on the first ₦500k, a bit more on the next ₦500k, and so on.
A Simple Example for You
(You then pay tax based on this ₦1M, regardless of how much your house rent cost you.)
Summary for a Keke Driver
Goodluck!
See lessTax Deadline in Anambra State – How Can I File My Personal Income Tax Easily Without Mistakes?
Filing your taxes for the first time in Anambra State might seem intimidating, but once you break it down, it is a very straightforward process. If you live or work in Anambra, you are dealing with the Anambra State Internal Revenue Service (AiRS). Here is a beginner-friendly, step-by-step guide toRead more
Filing your taxes for the first time in Anambra State might seem intimidating, but once you break it down, it is a very straightforward process. If you live or work in Anambra, you are dealing with the Anambra State Internal Revenue Service (AiRS).
Here is a beginner-friendly, step-by-step guide to getting it right and avoiding penalties.
The Most Important Date
Step 1: Get Your ASIN (Your Tax ID)
Before you can do anything, you need an Anambra State Identification Number (ASIN). This is your unique “Tax Identity” in the state.
Step 2: Prepare Your Information
You don’t need complex accounting, just a clear record of:
Step 3: Fill “Form A” (The Annual Return)
This is the document where you declare your earnings.
Step 4: Submit and Keep Your Receipt
Once filled, submit the form back to the AiRS. They will give you an Acknowledgment Slip.
Common Mistakes to Avoid
The “First-Timer” Shortcut
If you are still confused, the best thing to do is walk into any Anambra State Internal Revenue Service (AiRS) office and say:
“I have my ASIN and I want to file my Personal Income Tax returns for the first time. Please guide me on how to fill Form A.”
The staff are usually very helpful with beginners and will walk you through the lines on the form.
Goodluck!
See lessWhy Does Afrinvest Show “Bond Subscription Not Found in Your History” for My FGN Savings Bonds?
If you have already received your allotment and the money has been debited, you can breathe easy. Seeing "Bond subscription not found in your history" on the Afrinvest app is a common technical quirk and usually doesn't mean your investment is missing. Here is what is likely happening and how to douRead more
If you have already received your allotment and the money has been debited, you can breathe easy. Seeing “Bond subscription not found in your history” on the Afrinvest app is a common technical quirk and usually doesn’t mean your investment is missing.
Here is what is likely happening and how to double-check:
Why the message appears
3 Ways to Confirm You Are Safe
When to actually worry
You should only contact Afrinvest support if:
The Bottom Line: Since you mentioned they have all been allotted, these are likely just “ghost” notifications. Your investment is secure!
Have you checked your “Portfolio” tab specifically, or were you only looking at the “Messages” section?
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See lessWhat is the interest rate of Stanbic Ibtc Money Market mutual funds?
Unlike a regular bank account, the Stanbic IBTC Money Market Fund doesn't have a fixed interest rate. Instead, it offers a variable yield that changes daily based on the Nigerian financial market. Current Performance (Early 2026) Recent Annual Yield: Approximately 15% – 20% per year. Current Trend:Read more
Unlike a regular bank account, the Stanbic IBTC Money Market Fund doesn’t have a fixed interest rate. Instead, it offers a variable yield that changes daily based on the Nigerian financial market.
Current Performance (Early 2026)
Real-Life Example (₦500,000 Investment)
If the average yield stays at 18%, here is a rough estimate of your earnings:
Why does the rate change?
The fund’s performance depends on what the manager invests in, such as:
When market interest rates in Nigeria go up, your Stanbic returns usually follow.
Key Details for Investors
Wisdom note: It is a much smarter move than a regular savings account (which pays far less), making it perfect for your emergency fund or short-term savings.
Are you looking to invest a one-time lump sum, or are you planning to set up a monthly standing order?
Goodluck!
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