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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

Owen A
Owen A
Asked: March 31, 2026In: TAX & GOVERNMENT FINANCE

How Do Federal Workers in Nigeria File Personal Income Tax When They Have Side Hustles in Addition to Salary?

I am a federal worker living in taraba state, and tax is been deducted every month, how can I file my tax and also I have a side hustle too, how do I reconcile the two income before filing my ...Read more

tax filingtaxation
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FABCOS
FABCOS
Asked: March 30, 2026In: TAX & GOVERNMENT FINANCE

What are the differences between FIRS and state IRS tax filing processes in Nigeria for annual returns?

You have have a explain how Lagos resident will fill the turns what if other resident at other state like Federal Capital Territory? Aside this there some state that doesn’t have a web site for internal genetdy d reveveu ...Read more

filling of annual returnsfokona
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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Anonymous
Anonymous
Asked: March 22, 2026In: TAX & GOVERNMENT FINANCE

What Is the Difference Between PAYE and Personal Income Tax in Nigeria?

What is the difference between PAYE and Personal Income Tax.

payepersonal income tax
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Anonymous
Anonymous
Asked: May 19, 2026In: TAX & GOVERNMENT FINANCE

Are Incorporated Trustees and Churches Required to File Tax Returns?

pls how do I file tax for incorporated Trustee( A Church)…I was told initially it’s tax free.

firsnonprofit compliancetax filingtax regulations
1
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  • 1 1 Answer
Estee
Estee
Asked: March 30, 2026In: TAX & GOVERNMENT FINANCE

Do Salary Earners in Nigeria Still Need to File Personal Income Tax Returns If PAYE Is Already Deducted by Their Employer?

If I’m a salary earner, paying tax directly from my salary, am I still expected to fill the tax returns, or will my company do this?

firs rulespaye nigeriasalary tax nigeria
1
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Rephaiah
Rephaiah
Asked: June 2, 2026In: TAX & GOVERNMENT FINANCE

How Are Cryptocurrency Profits Taxed in Nigeria Under Current Tax Laws?

Please I’ll like a detailed explanation on how cryptocurrency are taxed here in Nigeria, for instance 1. Interest from trading crypto 2. Income from mining app 3. And other aspects

cryptocurrency taxationcurrent tax lawsfirs
1
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PROMISE MADUBUIKE
PROMISE MADUBUIKE
Asked: June 28, 2026In: TAX & GOVERNMENT FINANCE

How Do I Get a Tax Identification Number (TIN) in Nigeria?

How do one get Tax Identification Number in Nigeria?

firstax identification numbertax registrationtin nigeria
1
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  • 1 1 Answer
Anonymous
Anonymous
Asked: July 28, 2026In: TAX & GOVERNMENT FINANCE

Will the Tax Authority Question a ₦35 Million Deposit Into My New Business Account in Nigeria?

If I deposited 35 million into my business account as an amount I want to use in beginning my new business, will the tax authority want to know where the money is actually coming from so they can tax it, ...Read more

business taxationfirsstartup capitaltax compliance
2
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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
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