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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

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

Should I File My Personal Income Tax in Lagos or Osun State If I Live and Work in Lagos Nigeria?

I reside and live in Lagos but I originally hail from Osun State. Will I file my PIT in Lagos or Osun State? Thank you. Also, the deadline for filing had been extended till April 14th, 2026, so I read ...Read more

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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?

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2
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Anonymous
Anonymous
Asked: July 19, 2026In: TAX & GOVERNMENT FINANCE

How Do I File Company Income Tax (CIT) on Money Market Fund Returns as a Corporate Investor in Nigeria?

I invested 33.2m in MMMF as a corporate investor then I am withdrawing the amount little by little to solve problem, how do I file for CIT even though I will still have some amount left in the MMMF till ...Read more

citcompany income taxfirsMutual Funds
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Rephaiah
Rephaiah
Asked: March 30, 2026In: TAX & GOVERNMENT FINANCE

How Is Tax Applied on Mutual Fund Interest in Nigeria When Earnings Are Reinvested Quarterly?

1. If interest on mutual funds are reinvested quarterly and I want to withdraw my capital before the quarterly reinvestment of the interest, will I be taxed on my initial deposit? 2. The 10% tax on interest in a mutual ...Read more

mutual funds nigeriatax on investment nigeria
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Mbonu Lucky
Mbonu Lucky
Asked: March 31, 2026In: TAX & GOVERNMENT FINANCE

Under the Nigeria Tax Administration Act, Who Collects Personal Income Tax: FIRS or State Internal Revenue Service?

Please which government sector saddled with the responsibility of collecting personal income tax, State internal revenue service or FIRS ?

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Mac Donniel Asinobi
Mac Donniel Asinobi
Asked: April 16, 2026In: TAX & GOVERNMENT FINANCE

How Do I File Personal Income Tax Online in Rivers State, Nigeria?

I tried using https://rsipa.riversstateapps.ng/rivtamis/ to pay my tax, I live in Rivers State, but unlike what Iking has been teaching I did not see fields or criteria to enter my transactions for the year to determine if I’m eligible, I ...Read more

personal income tax
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Thelma
Thelma
Asked: October 6, 2026In: TAX & GOVERNMENT FINANCE

How Do I File Annual Tax Returns for a Limited Liability Company in Nigeria?

How do I file annual tax returns? My company is a limited liability company and I was told to pay tax for the state government before it’ll be filed to the federal. How do I know how much I’ll pay ...Read more

- business taxesannual tax returnscompany annual returnscompany tax returns
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Oluwapelumi
Oluwapelumi
Asked: March 31, 2026In: TAX & GOVERNMENT FINANCE

How Do Students in Nigeria File Personal Income Tax for Small-Scale Unregistered Businesses While Studying?

Good day everyone, My question about tax filing goes thus:- I live in Ibadan with my parents but school in Ekiti state. As a student, I decided to go into a small scale business to support myself while in school. ...Read more

firs rulesstudent tax nigeriatax
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Anonymous
Anonymous
Asked: April 1, 2026In: TAX & GOVERNMENT FINANCE

How Do I File Personal Income Tax in Osun State Nigeria Easily as a Resident?

How can i file my pesonal income tax easily – From Osun state

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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.

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