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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

Miebakagh
Miebakagh
Asked: April 8, 2026In: TAX & GOVERNMENT FINANCE

Does Tax Deadline Apply to All States in Nigeria?

How far is the taxe Deadline apply to other States, for example, Rivers State?

tax
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  • 2 2 Answers
Rephaiah
Rephaiah
Asked: April 23, 2026In: TAX & GOVERNMENT FINANCE

How Are Stock Investment Profits Taxed in Nigeria? Do Brokers Deduct Taxes or Do Investors Pay?

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

tax
2
  • 1
  • 2 2 Answers
AGBI JAMIU OLASUNKANMI
AGBI JAMIU OLASUNKANMI
Asked: May 31, 2026In: TAX & GOVERNMENT FINANCE

Is a Business Loan Taxable Income in Nigeria for Tax Purposes?

Good day, I would appreciate some clarification regarding taxation. Assuming I borrow ₦5, 000,000 to start a business and the funds are transferred into my bank account as an inflow, would that amount be subject to tax at the end of the ...Read more

business loanfirsnigerian tax lawstax compliancetax deductions
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Hemriz
Hemriz
Asked: March 27, 2026In: TAX & GOVERNMENT FINANCE

Do You Pay Tax When Selling Stocks in Nigeria, and How Much Is the Capital Gains Tax?

When one sells his/her stock, does tax apply and how much???

capital gains tax
2
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  • 2 2 Answers
Janet
Janet
Asked: April 11, 2026In: TAX & GOVERNMENT FINANCE

Has Tax Registration Ended in Nigeria? How to Get Your TIN if You Missed the Deadline

Please is it true that tax registration has ended, my friend was not able to register for her tin since last year and she’s confused on what to do now.. Any Ideas or suggestions for her?

taxtax deadlinetax registrationtin
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NWAOHA EMMANUEL CHINONYE
NWAOHA EMMANUEL CHINONYE
Asked: March 31, 2026In: TAX & GOVERNMENT FINANCE

How Do Teachers in Nigeria File Personal Income Tax When Their Salary Is Paid Inconsistently Across the Year?

As a teacher, you receive salary for 9 months in a year. For April and December, you are paid half but not get paid for August at all. How can you file your annual tax returns based on these information? ...Read more

inconsistent salary nigeriapit filing nigeriateacher tax nigeria
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Anonymous
Anonymous
Asked: March 28, 2026In: TAX & GOVERNMENT FINANCE

How Do I File Personal Income Tax in Nigeria Without an Agent Step by Step for Beginners?

How do I file personal income tax in Nigeria without an agent? Can you show me step by step like you’re talking to a primary school pupil? If I don’t work in Nigeria but operate a bank account in Nigeria, ...Read more

firspersonal income tax nigeriatax
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Shadrach
Shadrach
Asked: May 1, 2026In: TAX & GOVERNMENT FINANCE

When is a newly registered company in Nigeria (July 2025) required to start filing tax returns with FIRS?

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

company tax filing nigeriacompany tax rules nigeriatax deadline nigeria
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Fokona Community
Fokona CommunityCommunity Desk
Asked: May 16, 2026In: TAX & GOVERNMENT FINANCE

Does FIRS Tax a Holding Company as One Group in Nigeria or Tax Each Subsidiary Separately?

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

company income taxpit in nigeriatax in nigeriataxation
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Samcruzy
Samcruzy
Asked: March 31, 2026In: TAX & GOVERNMENT FINANCE

Tax Deadline in Rivers State – How Can I File My Personal Income Tax Easily Without Mistakes?

Tax Deadline in Rivers State – How Can I File My Personal Income Tax Easily Without Mistakes?

pittaxtax deadline
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