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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

Melody pius
Melody pius
Asked: April 1, 2026In: TAX & GOVERNMENT FINANCE

What Is State Withholding Tax on Bank Accounts in Nigeria and Why Is It Deducted?

Ever since I opened an Opay account, I stopped using Zenith bank because their wahala was driving me crazy. Someone mistakingly sent me money in my Zenith account today; so, I was forced to log into my mobile app to ...Read more

state withholding taxtax
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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
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Stanley
Stanley
Asked: March 31, 2026In: TAX & GOVERNMENT FINANCE

Do Nigerians in the Diaspora Need to File Taxes in Nigeria Without Having a Physical Business?

1. Please do diasporans also file taxes in Nigeria even when they don’t have any physical business in Nigeria. 2. Does one file annual return if he engages in NGX stock trading?

diaspora tax nigeriafirs tax rulesinternational income nigerianon-resident taxation nigeria
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Ugwuanyi Timothy Azubuike
Ugwuanyi Timothy Azubuike
Asked: March 31, 2026In: TAX & GOVERNMENT FINANCE

How Do I File Personal Income Tax Annual Returns in Enugu State Nigeria Before the Deadline?

How do I file my tax annual returns in Enugu state as today is the deadline. Someone should please help.

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Fadipe Babatunde Ariyo
Fadipe Babatunde Ariyo
Asked: April 1, 2026In: TAX & GOVERNMENT FINANCE

How Do I File Personal Income Tax (PIT) Online in Lagos State Using a Smartphone as an Unemployed Individual?

Dear Fokona Team, Ref: Filing PIT For unemployed individual What are the simple steps -by-step to file PIT online for unemployed using Smartphone in Lagos State.

personal income taxpittax filing
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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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John Ofordile
John Ofordile
Asked: September 29, 2026In: TAX & GOVERNMENT FINANCE

How Can I Check the Trustee of an Investment Fund in Nigeria?

Aw do I know the trustee’s or fund manager of an investment app.

fund managertrustee nigeria
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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
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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

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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
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