I recently heard that pension contributions can help reduce the amount of PAYE tax someone pays in Nigeria, but I don’t fully understand how that works. For example, if two employees earn the same salary, but one contributes more to pension, ...Read more
Fokona Latest Questions
How far is the taxe Deadline apply to other States, for example, Rivers State?
I need an expert that will help me to file VAT for year 2024 and 2025. I am totally ignorant of this filing of VAT and from what I have read here, 31st March is the deadline.
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?
One of our community members on Fokona asked this question to our Founder Iking Ferry: “The tax deadline is tomorrow and I don’t understand anything about tax filing… how do I file my personal income tax in Lagos?”
I only worked for 4 months last year and the accumulated salary wasn’t even up to #300,000, do I still need to file my tax for 2025
How do I structure and record my sales for easily calculation,adding the market i bought to know my income to be able to file my tax
I’ve always been confused about how employers calculate salary tax in Nigeria. For example, when someone receives a salary, different deductions usually appear such as: • PAYE tax • Pension • NHF • NHIS What I really want to understand is:Read more
As a civil servant whose tax is being deducted directly from my salary,do l still need to file for personal income tax?
I’ve been hearing the term “taxable income” many times whenever people talk about PAYE tax in Nigeria, but I still don’t fully understand what it actually means. Is taxable income the same thing as salary, or is it the amount left ...Read more