I’m confused about how taxes work in Nigeria, especially the difference between federal tax and state tax.
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As a civil servant whose tax is being deducted directly from my salary,do l still need to file for personal income tax?
Now that the PIT has been made mandatory to declare by each and every individual, please how can I do mine, seeing the deadline is fast approaching?
I recently started working and noticed that my employer deducts PAYE tax from my salary every month before paying me. Honestly, I’m still confused about how this PAYE tax works in Nigeria and why it is compulsory for salary earners. I want ...Read more
I’ve always been confused about how employers calculate salary tax in Nigeria. For example, when someone receives a salary, different deductions usually appear such as: • PAYE tax • Pension • NHF • NHIS What I really want to understand is:Read more
I work in a government firm and I am being deducted tax. On my tax slip it is written that my tax is being remitted to Niger State. If I am to file my tax return, must I go to ...Read more
I recently discovered that some deductions can legally reduce the amount of PAYE tax a salary earner pays in Nigeria, but I don’t fully understand how it works. For example, I’ve heard people mention things like: • Pension contributions • NHF ...Read more
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
Is it important for person without a registered business to file an annual return? What are the possible penalty for not filing?
Please kindly explain in details how taxes on shares profits are paid, are they being deducted directly by the stock brokers or the individual or company do the payment by themselves