FAQs on Nigerian PAYE tax
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…
Category PAYE Tax
LIRS notice on personal income tax – Finance Act 2020
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…
LIRS extends deadline for 2021 Form A returns
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…
Calculate Nigerian PAYE tax online
Calculate PAYE tax online Online PAYE Tax Calculator with changes in Finance Act 2020 PAYE tax is the tax on employment income. Finance Act 2020 has also introduced changes in how to calculate PAYE tax. In Nigeria, an employer is…
LIRS extends deadline for filing 2020 employer tax returns
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…
LIRS introduces online meeting for tax audit reconciliation
After the tax authority conducts an audit on business records, the next step is usually a tax audit reconciliation meeting. The purpose is to resolve any outstanding tax issues in a physical visit to the tax office. However, the COVID-19…
LIRS extends Form A deadline by another one month
In March 2020, taxpayers in Lagos State received an additional period of 2 months to file the annual individual tax returns or Form A. The revised due date was May 30, 2020. However, Lagos State Internal Revenue Service (LIRS) has…
PAYE tax calculator (Nigeria) with user guide
Usually, the gross salary on an employment contract differs from the monthly salary which an employee receives. Our earlier article on payroll and statutory contributions in Nigeria provides an analysis of the various requirements. One of the payroll obligations that…
FCT-IRS extends deadline for filing tax returns amid COVID-19
To lower the impact of COVID-19 on taxpayers, the Federal Capital Territory Internal Revenue Service (FCT-IRS) has extended the time for filing the annual individual tax returns (Form A) by 3 months. The new deadline for filing Form A is…
LIRS extends deadline for filing annual returns – Form A
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 2 months. The new deadline for filing Form A is 31…