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TAX & COMPLIANCE

This section explains how taxation works in Nigeria. Learn how to file your taxes, understand FIRS, NRS and state tax systems, and stay compliant. Ask questions and get clear answers to avoid costly mistakes.

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Fokona Latest Questions

Oluwapelumi
Oluwapelumi
Asked: March 31, 2026In: TAX & COMPLIANCE

How Do Students in Nigeria File Personal Income Tax for Small-Scale Unregistered Businesses While Studying?

Good day everyone, My question about tax filing goes thus:- I live in Ibadan with my parents but school in Ekiti state. As a student, I decided to go into a small scale business to support myself while in school. ...Read more

firs rulesstudent tax nigeriatax
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Perpetual
Perpetual
Asked: March 31, 2026In: TAX & COMPLIANCE

How Do Students in Nigeria File Personal Income Tax When They Have Mixed Income From School, Gifts, and Salary?

Since I’m to file for the last one year that’s January 2025 to December 2025, I was still in school then and was just receiving money from friends and family using my opay. Until I opened my sterling bank account ...Read more

firs tax rulesstudent tax nigeriatax filing
1
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FABCOS
FABCOS
Asked: March 30, 2026In: TAX & COMPLIANCE

What are the differences between FIRS and state IRS tax filing processes in Nigeria for annual returns?

You have have a explain how Lagos resident will fill the turns what if other resident at other state like Federal Capital Territory? Aside this there some state that doesn’t have a web site for internal genetdy d reveveu ...Read more

filling of annual returnsfokona
2
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Olawale Olamiposi Muhammed
Olawale Olamiposi Muhammed
Asked: March 31, 2026In: TAX & COMPLIANCE

Which State Portal Should I Use for Personal Income Tax Filing in Nigeria If I Live in a Different State From My Origin?

Currently I live in Oyo State because of work, but I spent most part of my life in Ogun State though I’m an indigene of Lagos State. So which state am I suppose to file my personal income tax

firs lirs nigeriapersonal income tax nigeriapit filing portal nigeriatax
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Hemriz
Hemriz
Asked: March 27, 2026In: TAX & COMPLIANCE

Do You Pay Tax When Selling Stocks in Nigeria, and How Much Is the Capital Gains Tax?

When one sells his/her stock, does tax apply and how much???

capital gains tax
2
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Nelson
Nelson
Asked: March 30, 2026In: TAX & COMPLIANCE

What Are the Pros and Cons of Registering Personal Income Tax in My State of Origin (Anambra) in Nigeria?

What’s the pros and cons of registering my tax ID in my state of origin Anambra? For instance,I have business in Amambra and a branch in lagos state. Should I register nd pay in Anambra or Lagos?

anambra tax registrationincome tax rulesstate irs nigeriatax residency nigeria
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Raboni Dgreat
Raboni Dgreat
Asked: March 22, 2026In: TAX & COMPLIANCE

When Is the Tax Filing Deadline for a New Taxpayer Who Registered in 2026?

For someone who has just registered for tax in 2026 and who started keeping his business records also in 2026. When is the deadline for filing his personal income tax, March 31st, 2026 or March 31st 2027?

chinedu okaforikingferrynew taxpayertax filing
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Fadipe Babatunde Ariyo
Fadipe Babatunde Ariyo
Asked: March 31, 2026In: TAX & COMPLIANCE

Should I File My Personal Income Tax in Lagos or Osun State If I Live and Work in Lagos Nigeria?

I reside and live in Lagos but I originally hail from Osun State. Will I file my PIT in Lagos or Osun State? Thank you. Also, the deadline for filing had been extended till April 14th, 2026, so I read ...Read more

lirs nigeriapersonal income tax nigeriapit filing lagos
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Mbonu Lucky
Mbonu Lucky
Asked: March 31, 2026In: TAX & COMPLIANCE

Under the Nigeria Tax Administration Act, Who Collects Personal Income Tax: FIRS or State Internal Revenue Service?

Please which government sector saddled with the responsibility of collecting personal income tax, State internal revenue service or FIRS ?

firs nigerianigeria tax administration acttax
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rapmike
rapmike
Asked: March 26, 2026In: TAX & COMPLIANCE

How Do You Pay Personal Income Tax in Nigeria, and Is It Monthly or Annually?

How does someone pay his personal tax? Does he go to website or through his bank account? Is it every month or at the end of the year? What is the process like

personal income taxtax
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