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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

Danny
Danny
Asked: March 26, 2026In: TAX & GOVERNMENT FINANCE

What Should You Look for in a Company’s Financial Statements Before Investing?

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

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1
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Anonymous
Anonymous
Asked: March 31, 2026In: TAX & GOVERNMENT FINANCE

Do Nigerians Living Abroad Need to File Personal Income Tax in Nigeria If They Have Nigerian Bank Accounts for Investments and Transfers?

Does tax Filling include citizens living and doing business outside Nigeria and also has a Nigerian bank account for stock trading and family & friends welfare.

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Precious
Precious
Asked: March 31, 2026In: TAX & GOVERNMENT FINANCE

How do I file personal income tax in Abia State, Nigeria as an individual taxpayer?

Pls sir how do I do I file tax for abia state,I can’t find the web site please help me,I don’t have money for penalty please sir

nigeria tax filingtaxtax compliance nigeria
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Philip wealth
Philip wealth
Asked: March 30, 2026In: TAX & GOVERNMENT FINANCE

What Is the Meaning of Annual Tax Return Filing With FIRS in Nigeria?

What does this file Tax annual returns mean ??

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Philip wealth
Philip wealth
Asked: March 30, 2026In: TAX & GOVERNMENT FINANCE

How Do I File Annual Tax Returns in Nigeria as an Individual or Business Owner?

How to fill your tax annual return ?

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Ibraheem Olaide Rasheed
Ibraheem Olaide Rasheed
Asked: March 31, 2026In: TAX & GOVERNMENT FINANCE

How Do I correctly file my personal income tax in Osun state?

As it is the deadline to file personal income tax, please I need a step-by-step guide on how to properly file my personal income tax in Osun state online without having to visit Osun state internal revenue service.

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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

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Fadipe Babatunde Ariyo
Fadipe Babatunde Ariyo
Asked: March 31, 2026In: TAX & GOVERNMENT FINANCE

How can I file Personal Income Tax (PIT) in Lagos State using a smartphone via LIRS portal in Nigeria?

Personal Income Tax (PIT) Kindly elaborate step by step how to file PIT in Lagos state (lirs) using Smart phone. I have Tax ID (13 digits) and Payer ID (N-**) Thank you.

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Melody pius
Melody pius
Asked: March 26, 2026In: TAX & GOVERNMENT FINANCE

What Is Annual Return, Do Individuals Without a Registered Business Need to File It, and What Are the Penalties for Not Filing in Nigeria?

Is it important for person without a registered business to file an annual return? What are the possible penalty for not filing?

taxation
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Encore Media
Encore Media
Asked: March 30, 2026In: TAX & GOVERNMENT FINANCE

What Should I File for Personal Income Tax in Nigeria If I Have Never Paid Tax Before?

If you haven’t paid tax before, what will you file for PIT for the previous year?

personal incomes taxtaxtax filing
2
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