I registered my business as a “business name”last year November, i went to NIGERIA INTERNAL REVENUE office around February to file for taxes. They generated TIN for me, and they told me that it has not yet commence business activities ...Read more
Fokona Latest Questions
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
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
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
How do one get Tax Identification Number in Nigeria?
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
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
pls how do I file tax for incorporated Trustee( A Church)…I was told initially it’s tax free.
I’m confused about how taxes work in Nigeria, especially the difference between federal tax and state tax.