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
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
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
I just registered my business as a limited by January this year. Does this Filing of tax before 31st of this month that is circulation also applies to my business as well?
How do I file personal income tax in Nigeria without an agent? Can you show me step by step like you’re talking to a primary school pupil? If I don’t work in Nigeria but operate a bank account in Nigeria, ...Read more
Is it important for person without a registered business to file an annual return? What are the possible penalty for not filing?
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
When one sells his/her stock, does tax apply and how much???
When reading a company’s financial statement what should I look at in the statement, is it only the profit/loss,cash position,assets and debt level I should look at or the whole information in the financial statement, because some of them maybe ...Read more
Hello community. I’ve been seeing March 31 as the deadline for tax filing for individuals earning Personal Income Tax. Pls, I want to know if it is for this year or next year? I initially thought tax filing will be ...Read more