TAX & GOVERNMENT FINANCE

You’re not alone — many small business owners feel scared after registering a Limited Liability Company (LLC).

But the truth is: LLC is not as complex as it sounds, especially for a small poultry business like yours 🐔🥚

Let me simplify it clearly.

First — You Did NOT Make a Mistake

Registering an LLC actually gives you advantages:

✅ Protects your personal assets

✅ Makes your business more credible

✅ Easier to access loans & grants

✅ Better for long-term growth

So you actually made a smart move, not a bad one.

What Makes LLC “Look” Complex

People usually get scared because of:

Company Income Tax

Annual Returns

Accounting requirements

Separate filings

But for small businesses, Nigeria has made it much easier now.

Good News for Small Poultry Farmers (Very Important)

Under Nigerian tax laws:

If your company earns less than ₦25 million per year:

👉 You pay 0% Company Income Tax

This is under the Companies Income Tax Act

So if your poultry business is still small:

You may NOT pay company income tax at all 🎉

You only:

File returns

Keep simple records

That’s all.

What You Actually Need To Do (Simple Version)

As a small poultry LLC, you only need to worry about:

1. Annual Returns to CAC (Once Per Year)

You file with

Corporate Affairs Commission

This is just:

Confirming your company still exists

Updating details

This takes 5–10 minutes.

2. Company Tax Filing (Once Per Year)

File with

Federal Inland Revenue Service

Even if:

No profit

Small income

You can file zero returns.

3. Personal Income Tax (Yourself)

You still file your personal tax under

Personal Income Tax Act

This is separate from your company.

What You DO NOT Need (Right Now)

As a small poultry farmer, you likely do not need:

❌ Complex accounting

❌ Auditor (for now)

❌ Tax consultant (optional)

❌ Corporate secretary (for small firms)

My Honest Advice (Best for Small Poultry Business)

Keep it simple:

Keep sales records (egg sales)

Keep expense records (feed, birds, drugs)

File once per year

That’s all.

You’re actually in a good position now.

Many small businesses later upgrade to LLC — you already did early 👍

To file your Osun State Personal Income Tax easily, follow this simple step-by-step guide:

How To File Osun State Personal Income Tax (Easy Method)

Step 1: Go to Osun State Tax Website

Visit the official Osun Internal Revenue Service portal:

Visit Osun Internal Revenue Service Portal

You can:

Register as a taxpayer

Verify your TIN

Pay tax online

Download forms

Step 2: Choose Your Tax Type

Osun State Personal Income Tax is filed under:

PAYE — If you are salary earner

Direct Assessment — If you are self-employed, trader, freelancer, business owner

Osun allows self-assessment where you calculate your tax, pay at designated banks, and obtain Tax Clearance Certificate (TCC) without visiting office.

Step 3: Register / Get Your Tax ID (TIN)

You will need:

Full name

Phone number

Address

Occupation

Email (optional)

After registration, you’ll receive:

Taxpayer ID / TIN

Step 4: Fill Personal Income Tax Form

Download forms here:

Direct Assessment Form

Tax computation table

Annual return template

Step 5: Pay Your Tax

You can:

Pay online

Pay at designated banks

Get Automated Revenue Receipt after payment

If You Prefer Physical Filing (Nearest Offices)

You can also visit any Osun tax office:

Osun Internal Revenue Service (Abere, Osogbo)

Osun Internal Revenue Service Ife East Tax Office

Osun Internal Revenue Service Ilesa West Tax Station

Osun State Internal Revenue Services (Ede)

They will help you file in 10-15 minutes.

Documents You Should Prepare

Prepare these:

NIN (optional but helpful)

TIN (if available)

Bank statement (optional)

Business income (estimate if self-employed)

Salary details (if employed)

Deadline (Important)

Personal Income Tax filing usually ends March 31 each year

Employers returns due January 31 yearly

Here’s a clear, step‑by‑step guide on how to file your tax in Delta State (Nigeria) using the state’s new online tax platform administered by the Delta State Internal Revenue Service (DSIRS):

✅ 1. Know the Tax Portal You’ll Use

Delta State uses an online Self‑Service Tax Platform that lets individuals and businesses register, file returns, and pay taxes online via the DSIRS system.

The portal you’ll normally interact with is often called:

Self‑Service Portal (e‑Service / TaxSmart) — for registration, filing returns, payment, etc.

You can usually access this from the main revenue site or directly (for example via links like selfservice.deltairs.com or similar DSIRS URLs).

✅ 2. Register on the Delta Self‑Service Platform

Before you can file returns, you need to register and get a taxpayer account (S‑TIN / Payer ID):

🧾 Individuals

Go to the Delta State Revenue Self‑Service Portal or DSIRS official registration page.

Click Register for S‑TIN / New Taxpayer.

Enter accurate details such as:

• Your full name

• Phone number

• Email address

• Date of birth

• Occupation

• Gender, marital status and other personal info

• Home address (LGA and state)

• Taxpayer type (individual or business)

Submit the form and wait for confirmation. You’ll receive your Delta Payer ID / S‑TIN.

👉 This ID becomes your login username for the tax portal.

✅ 3. Login and Access Your Tax Dashboard

After registration:

Visit the Self‑Service login page on the DSIRS portal

Login with your S‑TIN / Payer ID and the password you created.

You’ll see your tax dashboard where you can:

File returns

View tax liabilities

Upload supporting documents

Make payments

Generate receipts

✅ 4. Filing Your Tax Returns

The exact steps will depend on the type of tax you’re filing:

📌 For Personal Income Tax (e.g., PAYE / Self‑Assessment)

From your dashboard, choose File Return or Annual Return.

Select the tax year you are reporting (e.g., previous calendar year).

Enter your income/salary figures and other required financial details.

Confirm or upload any supporting documents (e.g., payslips, income summaries).

Review the auto‑computed tax according to Delta State rules.

Submit your return.

👉 After submission, the system will generate a tax assessment form/assessment notice.

✅ 5. Pay Your Tax

Once your return is submitted and assessed:

Use the portal’s online payment section (often linked to Remita, Paystack, or direct debit).

Pay the amount stated on the assessment.

After payment, you should be able to download receipts or tax confirmation certificates.

✅ 6. Get Your Tax Certificate / Proof

After submission and payment:

You can download your payment receipt and evidence of filing from the dashboard.

For official needs (e.g., business compliance, contracts), you can request a Tax Clearance Certificate (TCC) if needed.

⭐ Tips & Reminders

📌 Keep records: Always save screenshots or PDF copies of your submitted return and payment receipts.

📌 Observe deadlines: Nigeria’s tax year and filing deadlines may be set by law (e.g., within 90 days of year end, depending on type of taxpayer and reforms).

📌 Compliance audits: Filing is required even if your income is low or if PAYE was deducted by your employer — this ensures proper reporting with the authority. �

Delta IRS

📌 Professional help: If you’re unsure about calculations or complex income sources, consider consulting a tax professional.

If you want, I can walk you through the current portal URLs and direct links for registration and filing (so you can start immediately).

Yes — you can use a TIN generated from your State for stock investment in Nigeria. ✅

Here’s how it works:

✔️ Which TIN is acceptable for stock investment?

In Nigeria, there is only one Tax Identification Number (TIN) system coordinated by the

Federal Inland Revenue Service (FIRS)

Whether your TIN was generated by:

State Internal Revenue Service

FIRS directly

Corporate Affairs Commission (CAC)

➡️ They are all valid because they belong to the same national TIN database.

✔️ Why stock platforms ask for TIN

Stock brokers and investment apps request your TIN because of:

Tax compliance

Dividend tax reporting

Regulatory requirements from

Nigerian Exchange Group

Central Securities Clearing System (CSCS)

Securities and Exchange Commission (SEC)

✔️ When you can use your State TIN

You can use your state-issued TIN if:

You’re investing in stocks (NGX)

You’re opening brokerage account

You’re using investment apps (e.g. Bamboo, Trove, Chaka, InvestNaija, etc.)

⚠️ When you may need to confirm

Sometimes platforms may ask you to:

Verify your TIN

Link your TIN to your BVN

If that happens, don’t worry — your state TIN still works.

Simple Summary

State TIN ✅ Valid

FIRS TIN ✅ Valid

CAC-generated TIN ✅ Valid

You only need one TIN