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
Fokona Latest Questions
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
When one sells his/her stock, does tax apply and how much???
Is it important for person without a registered business to file an annual return? What are the possible penalty for not filing?
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
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
Under the current FIRS framework, how is Capital Gains Tax applied to profits made from selling listed equities on the NGX versus unlisted securities — and how should a small business owner who also trades stocks separately file both their ...Read more
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.