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TAXATION & COMPLIANCE

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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FABCOS
FABCOS
Asked: March 30, 2026In: TAXATION & COMPLIANCE

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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  • 2 2 Answers
Estee
Estee
Asked: March 30, 2026In: TAXATION & COMPLIANCE

Do Salary Earners in Nigeria Still Need to File Personal Income Tax Returns If PAYE Is Already Deducted by Their Employer?

If I’m a salary earner, paying tax directly from my salary, am I still expected to fill the tax returns, or will my company do this?

firs rulespaye nigeriasalary tax nigeria
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  • 1 1 Answer
Peculiar
Peculiar
Asked: March 31, 2026In: TAXATION & COMPLIANCE

Why is tax filing for personal income starting this year instead of 2027 under the new tax law?

Hi Iking I have heard this a lot but I sincerely don’t understand. The new tax law took effect this January 2026, which means that our first tax filing will be due next year. So, why are we filing ...Read more

firs rulespersonal income taxpittax
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Rephaiah
Rephaiah
Asked: March 30, 2026In: TAXATION & COMPLIANCE

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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  • 2 2 Answers
Anonymous
Anonymous
Asked: March 30, 2026In: TAXATION & COMPLIANCE

Do New Employees in Lagos State Nigeria Need to File Personal Income Tax Before Receiving Their First Salary?

Sir, will someone that just got fully employed by the Lagos state government also file his tax? His yet to be paid any salary or even gotten any tax ID yet. How would such person go about it without facing ...Read more

lagos state taxpaye tax nigeriapit filing nigeriatin registration nigeria
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  • 1 1 Answer
Lateefah
Lateefah
Asked: March 29, 2026In: TAXATION & COMPLIANCE

Does the March 31 Tax Filing Deadline Apply to Newly Registered Limited Companies in Nigeria?

I just registered my business as a limited by January this year. Does this Filing of tax before 31st of this month that is circulation also applies to my business as well?

tax deadlinetax filing
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Anonymous
Anonymous
Asked: March 28, 2026In: TAXATION & COMPLIANCE

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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  • 2 2 Answers
Melody pius
Melody pius
Asked: March 26, 2026In: TAXATION & COMPLIANCE

What Is Annual Return, Do Individuals Without a Registered Business Need to File It, and What Are the Penalties for Not Filing in Nigeria?

Is it important for person without a registered business to file an annual return? What are the possible penalty for not filing?

taxation
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  • 1
  • 1 1 Answer
rapmike
rapmike
Asked: March 26, 2026In: TAXATION & COMPLIANCE

How Do You Pay Personal Income Tax in Nigeria, and Is It Monthly or Annually?

How does someone pay his personal tax? Does he go to website or through his bank account? Is it every month or at the end of the year? What is the process like

personal income taxtax
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  • 4 4 Answers
Hemriz
Hemriz
Asked: March 27, 2026In: TAXATION & COMPLIANCE

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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  • 2 2 Answers
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