Category PAYE Tax

Filing of 2021 employer tax returns in Nigeria

It’s the season for filing payroll tax in Nigeria. The Personal Income Tax Act (PITA) Cap P8 LFN 2011 (as amended) requires every employer to file the employer tax returns (Form H1) with the relevant tax authority by 31 January. Employers are…

How to perform payroll tax reconciliation

What is payroll tax reconciliation?  A payroll tax reconciliation checks whether the PAYE tax calculated corresponds with the actual amount payable. A regular reconciliation lowers payroll tax exposure. An employer can carry out a reconciliation exercise quarterly, bi-annually, or annually.…

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…

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…

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…