Here are solutions to the problems in getting Joint Tax Board (JTB) TIN registration and verification in Nigeria. From January 1 2026, the new name of JTB is Joint Revenue Board (JRB). FAQs 1. How do I register for JTB TIN (tax identification number) online? JRB does not issue a separate TIN. Application for a…
The tax registration process in Nigeria should be a seamless one. It’s the beginning of a continuous interaction with the TaxMan. We’ve put together answers to common questions on tax registration with the Federal Inland Revenue Service (FIRS). We trust this will help to complete the TIN registration process. Enjoy! FAQ 1. How do I…
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…
Income tax is payable on taxable income or profits. However, a person with no taxable income may have a tax liability. In such a situation, the estimated charge is a minimum tax. As minimum tax affects individuals and corporations, this article will address six frequently asked questions (FAQs) on minimum tax for companies in Nigeria….
June is one of the busiest tax filing seasons in Nigeria. It is the deadline for filing companies income tax (CIT) returns for taxpayers with financial year-end of 31 December. For companies with connected persons, it also the deadline for filing the Transfer Pricing (TP) returns. Specifically, the due date for filing the CIT and…
Under the Personal Income Tax (Amendment) Act 2011, we have two types of annual payroll tax returns. First, the annual employer tax return (Form H1) which shows the annual income and taxes of all employees in a company. More information on Form H1 is here. Second, we have the Income Tax Form for Return of…
An employer is required to deduct Pay-As-You-Earn (PAYE) tax from employees’ salary in each month. Thereafter, the employer must remit the amount to the relevant tax authority within 10 days of the next month. Besides the monthly PAYE tax return, an employer should file an annual tax return. In this piece, BRC addresses nine (9)…