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
Fokona Latest Questions
If I deposited 35 million into my business account as an amount I want to use in beginning my new business, will the tax authority want to know where the money is actually coming from so they can tax it, ...Read more
As a salary earner who pays PAYE. It deducted from my payment every month. Do I need to fill my tax. I want to know because we already pay tax every month
I work in a government firm and I am being deducted tax. On my tax slip it is written that my tax is being remitted to Niger State. If I am to file my tax return, must I go to ...Read more
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
I’m confused about how taxes work in Nigeria, especially the difference between federal tax and state tax.
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
Please I’ll like a detailed explanation on how cryptocurrency are taxed here in Nigeria, for instance 1. Interest from trading crypto 2. Income from mining app 3. And other aspects
How do one get Tax Identification Number in Nigeria?