Registering for taxes with the Federal Inland Revenue Service (FIRS) is the first step in complying with the Nigerian tax law. After registration, FIRS will issue a tax identification number (TIN) to the new user. TIN is important for opening…
Here are solutions to the most pressing issues on Joint Tax Board (JTB) TIN registration and verification in Nigeria. FAQs 1. How do I register for JTB TIN (tax identification number) online? Please visit and follow the instructions to…
INTRODUCTION A tax return is a document submitted by a taxpayer to the revenue authority. The contents of a typical tax return include the taxpayer’s name, taxpayer identification number, month or year of assessment, income/profit, tax payable (if any), and…
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…
What is TaxPro Max? 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…
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 or…
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…
