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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

Imperator sheena
Imperator sheena
Asked: March 31, 2026In: TAX & GOVERNMENT FINANCE

Why is my Tax ID showing “already registered” but I cannot access it in Nigeria?

I tried to file my tax info many times , I was told I have registered and I have an id number, but I dont have it, I clicked on forget id so that I can reclaim it ...Read more

taxtax id number retrievaltaxation
2
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Akinboboye oludayo Joseph
Akinboboye oludayo Joseph
Asked: March 18, 2026In: TAX & GOVERNMENT FINANCE

How Do I File Taxes for My Business Name in Nigeria?

Please someone should help me out practically on how to get my business name tax filing done

business tax filing nigeriacac business name taxfirs tax filingtax
10
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  • 10 10 Answers
Omotoso olamilekan Solomon
Omotoso olamilekan Solomon
Asked: September 13, 2026In: TAX & GOVERNMENT FINANCE

Are Dividends From Nigerian Shares Subject to Tax?

Please i knew that,tax will automatically reduced from your interest when investing in Treasury bills because have invested in it, but what about interest of money market mutual funds or about dividends. Secondly i registered my business last year November ...Read more

firs taxtin nigeria
1
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  • 1 1 Answer
Anonymous
Anonymous
Asked: March 31, 2026In: TAX & GOVERNMENT FINANCE

How Do Keke Napep Drivers in Lagos Nigeria File Personal Income Tax With Irregular Daily Income for 2025?

Hi Iking! How does someone who doesn’t have a fixed income every month file for PIT? For example, as a Keke napep driver, some days you make #5,000, some days more, some days less, even some days none. And from ...Read more

lagos transport income taxpit filing nigeria
2
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Peculiar
Peculiar
Asked: March 31, 2026In: TAX & GOVERNMENT FINANCE

Why is tax filing for personal income starting this year instead of 2027 under the new tax law?

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

firs rulespersonal income taxpittax
4
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Leonard O
Leonard O
Asked: April 6, 2026In: TAX & GOVERNMENT FINANCE

How Can I File My Personal Income Tax Correctly in Anambra State, Nigeria as a Contractor?

I am from Anambra state and in construction ìndustrÿ. How do I file my income tax. Most money to me are for clients money to buy materials and pay labour. THANKS

pittax
1
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Temitope Ogunji
Temitope Ogunji
Asked: April 18, 2026In: TAX & GOVERNMENT FINANCE

How do I file Tax annual returns for my company in Nigeria for the first time?

Good day sir, I want to ask this question. Or better let me putit this way…How do I go about filling my annual returns? I haven’t done it since I registered my company

annual returnscompany income taxpersonal income taxtax filling
1
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Anonymous
Anonymous
Asked: October 1, 2026In: TAX & GOVERNMENT FINANCE

How Much Will ₦5 Million Grow to in a Money Market Mutual Fund Over 17 Years?

Calculate my total investment for 17 year MMMF if I invest #5 deposit

17-year investmentcompound interest
1
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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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Willy
Willy
Asked: March 31, 2026In: TAX & GOVERNMENT FINANCE

How Do LLC Taxes and Filing Work in Nigeria for Small Poultry and Egg Businesses?

I’m a small poultry farmer, dealing in eggs and just registered as aLLC but scared of the complexity of LLC and and taxation/ filing

firs tax filingllc nigeriasmall business taxes
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