If you want answers to common questions on Nigerian PAYE tax, you are in the right place. Personal income tax is a type of direct tax that impacts the net salary of an employee. We’ve addressed twelve (12) frequently asked questions on Nigerian PAYE tax for beginners. At this point, you must have read BRC’s…
The central tax authority in Nigeria has launched an online portal for tax filing and administration affairs. Taxpayers can register a new business, make payments, and access their withholding tax status through TaxPro Max, an online portal. TaxPro Max is the latest automated administration solution from the Federal Inland Revenue Service (FIRS). The portal displays…
Have you validated your company’s unutilized withholding tax (WHT) credit note position with the Federal Inland Revenue Service (FIRS)? Withholding tax is an advance payment of income tax. The amount withheld will be remitted to the relevant tax authority. Thereafter the WHT credit note can be used to offset an income tax liability. Taxpayers must…
Taxable persons under the Personal Income Tax Act in Nigeria will use a new basis to determine chargeable income. The changes in personal income tax law are in line with the Finance Act 2020 which came into force on 1 January 2021. As personal income tax is payable to the State Government, the Lagos State…
The Federal Inland Revenue Service (FIRS) has launched the TaxPro MAX portal for payment and filing of tax returns. Taxable persons in Nigeria and non-resident persons can use the new portal for tax processes. FIRS user guide for value added tax will help users navigate the online portal with ease. Visit https://taxpromax.firs.gov.ng Existing users can…
The Federal Inland Revenue Service (FIRS) has released a public notice on the deployment of its Automated Tax Administration Solution. The automation exercise will start on 1 May 2021. FIRS will connect its Automated Tax Administration Solution to tax records, point of sales, or invoice portal of taxable persons or their representatives. The purpose is…
To lower the impact of COVID-19 on taxpayers, the Lagos State Internal Revenue Service (LIRS) has extended the time for filing the annual individual tax returns (Form A) by 14 days. The new deadline for filing Form A is 14 April 2021. More details on Form A in Nigeria is here. Taxpayers can access their…
Calculate PAYE tax online Online PAYE Tax Calculator with changes in Nigeria Tax Act 2025 PAYE tax is the tax on employment income. Nigeria Tax Act 2025 has also introduced changes in how to calculate PAYE tax. In Nigeria, an employer is responsible for deducting and remitting the tax amount to the revenue authority. Complying…
The Lagos State Internal Revenue Service (LIRS) has extended the time for filing 2020 employer tax returns by fourteen (14) days. The initial due date of 31 January 2021 is no more applicable. The new deadline is now Sunday, 14 February 2021. The extension of time became necessary due to effect of COVID-19 pandemic on…
There’s a recent update to fifteen laws covering tax as well as non-tax laws in Nigeria. On 31 December 2020, President Muhammadu Buhari approved the 2021 Appropriation Bill and Finance Act 2020. The Finance Act 2020 amends some provisions in fourteen laws and creates a new Act. They are Capital Gains Tax Act Companies…