Filing and Paying Taxes

Overview and importance of stamp duties

Overview and importance of stamp duties

By Deloitte Nigeria 1 min read
Stamp duties are taxes levied on instruments executed by both companies and individuals. The duty rates vary depending…
Federal Government Taxes for Micro Small and Medium Scale Enterprises (MSMEs)

Federal Government Taxes for Micro Small and Medium Scale Enterprises (MSMEs)

By Deloitte Nigeria 2 min read
In Nigeria, the right to administer and collect taxes is distributed between the three tiers of Government; Federal,…
A Start-up Guide To Being Tax Compliant

A Start-up Guide To Being Tax Compliant

By DIY Law 3 min read
Nkechi is the co-founder of a blooming start-up. She's a model business owner as she does everything according to the…
Withholding Tax, What you need to know

Withholding Tax, What you need to know

By Deloitte Nigeria 1 min read
Introduction Income tax[1] is an annual tax levied by the state or federal governments on the income and profits of…
State Government Taxes for Micro, Small and Medium Enterprises (MSMEs)

State Government Taxes for Micro, Small and Medium Enterprises (MSMEs)

By Deloitte Nigeria 2 min read
The administration of taxes in Nigeria is vested in the various tax authorities at each tier of government, depending…
FAQs on General Tax Issues for Nigerian MSMEs

FAQs on General Tax Issues for Nigerian MSMEs

By Deloitte Nigeria 2 min read
1. Why are MSMEs required to pay Tax? MSMEs, like other taxpayers are considered as legal and economic persons and as…
Due Dates for Filing Tax Returns and Statutory Deductions

Due Dates for Filing Tax Returns and Statutory Deductions

We have highlighted in the table below, timelines for filing common tax returns and statutory
By Deloitte Nigeria 4 min read
Pioneer Status Tax Incentive in Nigeria

Pioneer Status Tax Incentive in Nigeria

Pioneer status tax holiday is an initiative by the Nigerian government designed to encourage the
By Oyindamola Adeosun 1 min read
Here's Whats New on Tax Identification Number

Here's Whats New on Tax Identification Number

As part of the Ease of Doing Business Initiatives, the Corporate Affairs Commission (CAC) has
By Oluchi Johnson-Achibiri 1 min read
Protecting your bottom-line: avoidable tax costs

Protecting your bottom-line: avoidable tax costs

In the course of my about a decade tax career, the experience has been that time and time
By Abisoye Ayoola 3 min read
COVID-19 Alert - Taking Advantage of the Palliative Measures

COVID-19 Alert - Taking Advantage of the Palliative Measures

In light of the recent global crisis brought about by the novel Coronavirus (COVID-19 or the
By Deloitte Nigeria 3 min read
What is Personal Income Tax (PIT)?

What is Personal Income Tax (PIT)?

In Nigeria, individuals are required to pay tax on the income derived from a trade, business,
By Deloitte Nigeria 5 min read
Income tax of a Business Name - the nitty gritty (1)

Income tax of a Business Name - the nitty gritty (1)

Small and medium enterprises (SMEs) are the bedrock of every economy. According to the Nigeria
By Deloitte Nigeria 2 min read
Tax Implications of Accounting Errors (1)

Tax Implications of Accounting Errors (1)

Nigeria currently operates a self-assessment tax regime. What this means is that taxpayers are
By Deloitte Nigeria 3 min read
MSME Tax 101 - What is VAT?

MSME Tax 101 - What is VAT?

Value added tax (VAT) is a compulsory consumption tax charged and payable on the supply of all
By Deloitte Nigeria 5 min read
MSME Tax 101 - What is CIT?

MSME Tax 101 - What is CIT?

Companies income tax (CIT) is a type of tax levied on profits of limited liability companies
By Deloitte Nigeria 4 min read
Understanding Value Added Tax (VAT) in Nigeria

Understanding Value Added Tax (VAT) in Nigeria

Value Added Tax (VAT) is an indirect tax levied at a rate of 5% on goods and services consumed. The
By Oyindamola Adeosun 1 min read
Registering for FIRS e-Filing platform: Going digital

Registering for FIRS e-Filing platform: Going digital

In 2017, FIRS announced the introduction of six (6) new electronic tax services (e-services)
By Deloitte Nigeria 2 min read
List of Regulatory Bodies in Nigeria that Entrepreneurs Should Know

List of Regulatory Bodies in Nigeria that Entrepreneurs Should Know

As a business owner, you probably know that your business is regulated by different laws. Some of
By DIY Law 4 min read
Frequently Asked Questions and Answers on Withholding Tax

Frequently Asked Questions and Answers on Withholding Tax

Photo Credit:  Question 1 What is Withholding Tax (WHT)? Answer: Withholding Tax is
By Oyindamola Adeosun 3 min read
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