Good day, I would appreciate some clarification regarding taxation. Assuming I borrow ₦5, 000,000 to start a business and the funds are transferred into my bank account as an inflow, would that amount be subject to tax at the end of the ...Read more
Fokona Latest Questions
Can I use TIN generated from state for my stock investment details.
I need an expert that will help me to file VAT for year 2024 and 2025. I am totally ignorant of this filing of VAT and from what I have read here, 31st March is the deadline.
Please I want to know how to file a tax by civil servant Thanks
Please can I still do the annual filing as an individual in Anambra state.
I recently heard that pension contributions can help reduce the amount of PAYE tax someone pays in Nigeria, but I don’t fully understand how that works. For example, if two employees earn the same salary, but one contributes more to pension, ...Read more
Hi Iking I have heard this a lot but I sincerely don’t understand. The new tax law took effect this January 2026, which means that our first tax filing will be due next year. So, why are we filing ...Read more
How can I file my tax return in Kano State pls?
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
Please is it true that tax registration has ended, my friend was not able to register for her tin since last year and she’s confused on what to do now.. Any Ideas or suggestions for her?