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TAX & GOVERNMENT FINANCE

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

Anonymous
Anonymous
Asked: March 30, 2026In: TAX & GOVERNMENT FINANCE

Do New Employees in Lagos State Nigeria Need to File Personal Income Tax Before Receiving Their First Salary?

Sir, will someone that just got fully employed by the Lagos state government also file his tax? His yet to be paid any salary or even gotten any tax ID yet. How would such person go about it without facing ...Read more

lagos state taxpaye tax nigeriapit filing nigeriatin registration nigeria
1
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  • 1 1 Answer
kolawole owolabi
kolawole owolabi
Asked: April 26, 2026In: TAX & GOVERNMENT FINANCE

Do companies in Nigeria pay 30% Company Income Tax on money market mutual fund investments through a corporate brokerage account?

Good evening Mr ferry please I have a question bothering me I will need your advice on this.. do I pay any other tax if I use my cooperate brokerage account to invest in money market mutual fund …I heard ...Read more

tax
1
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  • 1 1 Answer
Rephaiah
Rephaiah
Asked: March 30, 2026In: TAX & GOVERNMENT FINANCE

How Is Tax Applied on Mutual Fund Interest in Nigeria When Earnings Are Reinvested Quarterly?

1. If interest on mutual funds are reinvested quarterly and I want to withdraw my capital before the quarterly reinvestment of the interest, will I be taxed on my initial deposit? 2. The 10% tax on interest in a mutual ...Read more

mutual funds nigeriatax on investment nigeria
2
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Michael Godlike
Michael Godlike
Asked: April 3, 2026In: TAX & GOVERNMENT FINANCE

What Is the Difference Between TIN and Tax Identification Number in Nigeria Tax System?

Please what’s the difference between TIN and TAX-ID, and which one is required when filing taxes.

firs tax systemtaxtax id nigeriatin
1
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  • 1 1 Answer
Anonymous
Anonymous
Asked: April 17, 2026In: TAX & GOVERNMENT FINANCE

Why is my TaxProMax showing “Pending Payment” after Remita payment in Nigeria?

I recently completed a CIT/EDT payment via Remita for my company. While I have received the official FIRS Acknowledgement Receipt, the TaxProMax dashboard still reflects the status as “Pending Payment” and won’t clear the assessment. I’ve already tried re-logging and ...Read more

citfirs payment nigeriataxpromax
1
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  • 1 1 Answer
Anonymous
Anonymous
Asked: March 31, 2026In: TAX & GOVERNMENT FINANCE

How Can a Commercial Driver in Nigeria File Personal Income Tax on a Hire Purchase Vehicle?

How can I file my personal income tax as a driver with a hire purchase vehicle. Am I going to pay tax on the owner’s money

personal income tax nigeriapit filing nigeria
1
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  • 1 1 Answer
Elizabeth Anyasi
Elizabeth Anyasi
Asked: April 15, 2026In: TAX & GOVERNMENT FINANCE

How Can a Civil Servant Get a TIN in Nigeria? Step-by-Step Guide to Tax Identification Number

Am a civil servant. Please I need step by step on how to get my tin number.

taxtin
3
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FABCOS
FABCOS
Asked: March 30, 2026In: TAX & GOVERNMENT FINANCE

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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  • 2 2 Answers
Adebiyi David
Adebiyi David
Asked: March 31, 2026In: TAX & GOVERNMENT FINANCE

How Do I Register for Personal Income Tax in Plateau State Nigeria With the State Internal Revenue Service?

Please how do I register for my tax and make annual filing for Plateau State internal revenue service

personal income tax nigeriaplateau state taxtax
1
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  • 1 1 Answer
Anonymous
Anonymous
Asked: July 19, 2026In: TAX & GOVERNMENT FINANCE

How Do I File Company Income Tax (CIT) on Money Market Fund Returns as a Corporate Investor in Nigeria?

I invested 33.2m in MMMF as a corporate investor then I am withdrawing the amount little by little to solve problem, how do I file for CIT even though I will still have some amount left in the MMMF till ...Read more

citcompany income taxfirsMutual Funds
3
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