I’ve been hearing the term “taxable income” many times whenever people talk about PAYE tax in Nigeria, but I still don’t fully understand what it actually means. Is taxable income the same thing as salary, or is it the amount left ...Read more
Fokona Latest Questions
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
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 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
Please, can you throw more light on tax id generation and verification and the right office for it. I generated my tax id online by inputting my NIN last year. Fast forward to yesterday, I wanted to complete my kyc ...Read more
pls how do I file tax for incorporated Trustee( A Church)…I was told initially it’s tax free.
Hi IKing Ferry, Please I need more clarification about how tax works for holding companies and group structures in Nigeria. For example, if somebody owns a holding company with multiple subsidiaries under it, does FIRS now NRS calculate the tax ...Read more
A welder who registered as a company since July 2025, when is it due to file my tax and how do I go about it? Thanks
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
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