Sign Up

Continue with Google
or use


Have an account? Sign In Now

Sign In

Continue with Google
or use


Forgot Password?

Don't have account, Sign Up Here

Sorry, you do not have permission to ask a question, You must login to ask a question.

Continue with Google
or use


Forgot Password?

Need An Account, Sign Up Here

Sorry, you do not have permission to add post.

Continue with Google
or use


Forgot Password?

Need An Account, Sign Up Here

Please briefly explain why you feel this question should be reported.

Please briefly explain why you feel this answer should be reported.

Please briefly explain why you feel this user should be reported.

Fokona Logo Fokona Logo
Sign InSign Up

Fokona

Fokona Navigation

  • Home
  • Courses
  • Live Events
  • Contact Us
Search
Ask A Question

Mobile menu

Close
EXPLORE OUR COURSES
  • Home
  • Members
  • Questions
  • Topics
  • Courses
  • Creators
  • Calculators
    • Investment Calculator
    • PAYE Tax Calculator
  • MORE
    • Polls
    • Join Groups
    • Create new Group
    • Publish News
  • Help
  • News

Fokona Latest Questions

Nasir Shehu
Nasir Shehu
Asked: March 18, 20262026-03-18T23:23:51+00:00 2026-03-18T23:23:51+00:00In: TAX & GOVERNMENT FINANCE

How Do I Declare and File Personal Income Tax (PIT) in Nigeria Before the Deadline?

Now that the PIT has been made mandatory to declare by each and every individual, please how can I do mine, seeing the deadline is fast approaching?

firs tax declarationpersonal income taxtax
2
  • 1
  • 1
  • 2 2 Answers
  • 0 Followers
  • 0
    • Report
  • Share
    Share
    • Share on Facebook
    • Share on Twitter
    • Share on LinkedIn
    • Share on WhatsApp

You must login to add an answer.

Continue with Google
or use


Forgot Password?

Need An Account, Sign Up Here

2 Answers

  • Voted
  • Oldest
  • Recent
  • Random
  1. Iking Ferry
    Best Answer
    Iking Ferry Fokona CEO Investment Strategist and Financial Literacy Advocate
    2026-03-19T01:21:36+00:00Added an answer about 7 months ago

    How to Declare Your Personal Income Tax (PIT) in Nigeria is very Simple. Let me break this down in a way that even Mama Ngozi that sells Tomatoes in the Village will understand. First.... What is Personal Income Tax (PIT)? Personal Income Tax is simply: The tax you pay on the money you earn (salary,Read more

    How to Declare Your Personal Income Tax (PIT) in Nigeria is very Simple.

    Let me break this down in a way that even Mama Ngozi that sells Tomatoes in the Village will understand.

    First….

    What is Personal Income Tax (PIT)?

    Personal Income Tax is simply:

    The tax you pay on the money you earn (salary, business income, side hustle, etc.)

    Let me explain this better with a Simple Story…

    Imagine Mama Ngozi sells tomatoes in the village.

    At the end of the year, she calculates:

    • how much she made

    • how much she spent

    • how much profit is left

    The government now says: “From your profit, you need to pay a small part as tax.”

    That is exactly what Personal Income Tax means.

    Who Should Declare PIT?

    You must declare if you are:

    • a salary earner

    • self-employed (business owner, trader, freelancer)

    • earning any form of income

    Steps by Steps to Declare Your Personal Income Tax in Nigeria:

    1: Determine Your Tax Authority

    If you are employed, your employer handles it (PAYE)

    If self-employed, you file it yourself with your State Internal Revenue Service

    2: Get Your TIN (Tax Identification Number)

    This is your tax ID

    You can get it from your State Tax Office or online by visiting the Tax ID Retrieval Portal by Nigeria Revenue Service

    3: Prepare Your Income Details

    Gather:

    • salary or business income

    • other income sources

    • expenses (if applicable)

    4: Fill Your Tax Return Form

    This can be done:

    • online (in some states like Lagos)

    • or physically at the tax office

    5: Submit Before Deadline

    In Nigeria, deadline is usually March 31st every year

    6: Pay Any Tax Due

    If you owe tax, make payment

    If already deducted (PAYE), just file your return

    Let me tell you something very important that Many People Don’t Know

    Even if you have no income or very small income…

    You are still expected to file a return

    YES…

    And Failure to do so can lead to:

    • penalties

    • future financial issues

    So… Please Don’t wait till deadline.

    Start now, even if it’s simple.

    Because tax is not just a legal obligation…

    It is part of being financially responsible

    See less
      • 2
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
    • Nasir Shehu
      Nasir Shehu
      2026-04-01T14:21:01+00:00Replied to answer about 7 months ago

      Thank you for the answer, Sir.

      Thank you for the answer, Sir.

      See less
        • 0
      • Share
        Share
        • Share on Facebook
        • Share on Twitter
        • Share on LinkedIn
        • Share on WhatsApp
        • Report

Related Questions

  • How Does Indexation Benefit Long-Term Mutual Fund Investments?
  • What Is Taxable Income and How Does It Work in Nigeria?
  • How is Salary Tax calculated in Nigeria?
  • How do I verify my personal tax id?
  • Do companies in Nigeria pay 30% Company Income Tax on money market mutual fund investments through a corporate brokerage account?

Sidebar

  • Popular
  • Answers
  • Okoye victor

    Is Investing ₦1 Million in Stocks Better Than Starting a ...

    • 128 Answers
  • Uche

    How Are Returns Generated and Reinvested in a Money Market ...

    • 54 Answers
  • NUM

    What Is the Difference Between Bonds and Treasury Bills in ...

    • 33 Answers
  • Mama Ngozi AI
    Mama Ngozi AI added an answer Mama Ngozi, let me tell you a story about how… October 12, 2026 at 9:11 pm
  • Ugochi Nsofor
    Ugochi Nsofor added an answer Intelligent question. From my little experience of owing a small-scale… October 12, 2026 at 3:29 pm
  • Mama Ngozi AI
    Mama Ngozi AI added an answer Imagine Mama Ngozi, the vibrant tomato seller in the village,… October 12, 2026 at 2:39 pm

Related Questions

  • How Do I File Annual Tax Returns for a Limited ...

    • 2 Answers
  • What Nigerian Companies Could Benefit From the Growth of Dangote ...

    • 1 Answer
  • How Much Will ₦5 Million Grow to in a Money ...

    • 1 Answer
  • How Do I Calculate Compound Interest on ₦2.5 Million at ...

    • 1 Answer
  • How Can I Check the Trustee of an Investment Fund ...

    • 2 Answers

Fokona Verified Experts

Fokona

Fokona

  • 1 Question
  • 50k Points
Official Account
Mama Ngozi AI

Mama Ngozi AI

  • 0 Questions
  • 48k Points
Official Fokona AI
Iking Ferry

Iking Ferry

  • 16 Questions
  • 30k Points
Fokona CEO
Chinedu Okafor, CFA

Chinedu Okafor, CFA

  • 0 Questions
  • 11k Points
Expert
Fokona Community

Fokona Community

  • 23 Questions
  • 10k Points
Community Desk

Explore Top Finance Topics on Fokona

beginner investing cscs cscs account Financial Literacy fokona Investing investment investnaija money market mutual fund Mutual Funds mutual funds nigeria ngx ngx investing ngx stocks nigerian stock market nigerian stocks stock Stock Market tax Wealth Building

Explore

  • Home
  • Members
  • Questions
  • Topics
  • Courses
  • Creators
  • Calculators
    • Investment Calculator
    • PAYE Tax Calculator
  • MORE
    • Polls
    • Join Groups
    • Create new Group
    • Publish News
  • Help
  • News

Footer

Fokona

Fokona is Africa's financial intelligence platform, Ask questions, learn, and grow your wealth with the right knowledge.

Disclaimer: Content on Fokona is for educational purposes only and not financial advice. Always do your own research or consult a licensed professional before making decisions.

COMPANY

  • About Us
  • Contact Us
  • Become An Instructor
  • Careers
  • Blog

PRODUCTS

  • Courses
  • Events
  • Investment Calculator
  • Tax Calculator
  • Mama Ngozi AI
  • Community

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
  • Guidelines
  • Financial Disclaimer
  • Content Disclaimer
  • Refund Policy

Follow Us:

© 2026 Fokona. All Rights Reserved.
Designed by NaijaTraffic Group