The Federal Government of Nigeria has released the Gazette dated 2 October 2024 on deduction of tax at source (Withholding) regulations, 2024. These Regulations amends the previous withholding tax (WHT) rules except Pay-As-You-Earn (PAYE) tax. It contains the following; transactions subject to deduction…
TaxProMax is an online portal by the Federal Inland Revenue Service (FIRS) that seeks to ease tax compliance procedures in Nigeria. The electronic platform allows taxpayers to register for tax, and apply for and check the validity of tax clearance certificate…
The Joint Tax Board (JTB) issues a certificate of tax identification number (TIN) to individuals and businesses in Nigeria. Upon successful registration on , the new taxpayer can download the certificate which JTB will deliver to the e-mail address. TIN…
Nigeria’s Minister of Finance has released the Deduction of tax at source (Withholding) Regulations 2024 (Withholding regulations 2024). (Withholding regulations 2024 contain the revised rules for deducting tax on specific transactions from payments to taxable persons under the Capital Gains Tax Act,…
President Bola Ahmed Tinubu has signed an Executive Order to boost the manufacturing of healthcare products in Nigeria. The Order allows zero tariffs, excise duties, and value added tax (VAT) on selected machinery, equipment, and raw materials. Healthcare products include…
Technology has changed the way a business supplies goods or services. More so, a foreign company may not need to travel physically to conclude a transaction with a consumer in Nigeria. Another name for a foreign company is a non-resident…
“We will require your tax clearance certificate to……”. “Please submit your TCC to complete the application”. If you are an employee or self-employed person in Nigeria, you may have heard these words from a bank or government agency. The first…
Federal Inland Revenue Service (FIRS) has introduced a new feature to ease the registration of new taxpayers in Nigeria. The self-registration module on TaxPro Max allows taxable persons to register for taxes with FIRS online. Taxpayers can now register with…
