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…
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 impact has reduced the need for a face-to-face meeting, and tax authorities are gradually embracing…
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 extended the filing deadline again. The new deadline for filing the annual Form A returns…
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 reduce net pay is Pay-As-You-Earn (PAYE) tax. BRC online PAYE tax calculator, Nigeria, and guidelines…
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 31 June 2020. More details on Form A in Nigeria is here. The process…
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 May 2020. More details on Form A in Nigeria is here. Taxpayers can access their…
On 22 January 2020, the Tax Appeal Tribunal in South-South zone decided that a tax authority is not allowed to carry out PAYE tax audit on a taxpayer beyond 6 years except in cases of fraud, wilful default or neglect; in the case between DeltaAfrik Engineering Nigeria and Akwa Ibom State Board of Internal Revenue. …
According to the Personal Income Tax Act (PITA) Cap P8 LFN 2011 (as amended), every employer shall file employer tax returns (Form H1) with the relevant tax authority by 31 January. The Lagos State Internal Revenue Service (LIRS) has issued a public notice directing employers to file their annual returns for the 2020 year of…
Hauwa Obi got a promotion! She also received a pay raise in September 2020. Based on her understanding of Nigeria payroll, she was able to estimate her net salary after deducting statutory contributions. She was, however, surprised to receive a lower net salary in her bank account in June 2021. The net salary and deductions…