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Personal Income Tax in Nigeria – The economics and dynamics of running a country has a lot to do with taxation. Tax is a levy imposed on every individual worthy of it so as to realize funds meant for providing social amenities as well as funding critical government infrastructure, projects and maintaining assets belonging to […]

ALL YOU NEED TO KNOW ABOUT DOUBLE TAXATION IN NIGERIA – The burden and invention of taxation, right from the word go has always been an important part of governance and administration from the word go. Taxation itself is as old as civilization itself, as soon as it became inevitable that there had to be a […]

Transfer Pricing in Nigeria – Operating large firms has everything to do with proper accounting and documentation, as well as checks and balances especially on the financials of the enterprise. This is to ensure not just the smooth running of the firm, but so as to ensure that the enterprise is run at an appreciable […]

To read the Part 1 on the series are bloggers expected to pay tax? Check the introduction here. For all intents and purposes, taxation is a method used by governments to realize funds for the arduous task and cost of governance. It is the contribution of every citizen or corporate body into a collective pool […]

Are Nigerian bloggers expected to pay tax? – Seun, a young unemployed Nigerian graduate owns a lifestyle blog in Nigeria. This Lifestyle blog generates as much as two million monthly page views and a lot of engagement. Recently Seun was approached by EtiMuMu Limited in Nigeria and TravelHub in United Kingdom over advert slots on […]

What is Company Income Tax in Nigeria? Before the colonial masters arrived Nigeria, the pre-colonial people already had a functional tax system whereby farmers and traders paid taxes on their harvests. The Northern region particularly observed this law, and they paid to their rulers. Over the centuries, the tax law has evolved, in compliance with […]

Difference Between Tax Evasion And Tax Avoidance – In any government of any country, continent or nation, the citizens are expected to be responsible for its smooth running. While the electorates oftentimes look up to the government for the provision of every essential amenities through the magical wand of the political power it holds, the […]

VAIDS IN NIGERIA What do you reall know about VAIDS in Nigeria? WHAT IS THE FULL MEANING OF VAIDS? VAIDS stands for Voluntary Assets and Income Declaration Scheme. It was launched on June 29, 2017 by Vice President Yemi Osinbajo (at the time he was serving as the acting president). The purpose is to allow […]

It is no longer news that the world is now a global economic village and no country can survive without engaging in transactions with other countries. Hence, it behooves all stakeholders to pay closer attention to tax issues relating to transactions with foreign entities and ensure that grey areas around the law are uncovered and […]

Should a Web Blogger Be Taxed? The answer is YES and NO. We could look at this from the angle of the LAW and the angle of the determination based on what ‘mode’ of blogging is in perspective. The first question to ask is, are some bloggers hobby bloggers or professional bloggers? Empirically speaking, bloggers […]

I have been receiving a lot of calls in recent times about how to apply for TIN in Nigeria. You will find in here all the detailed steps you need to know to apply for your tax identification number. Table of Contents How to Apply for TIN Are you a Nigerian citizen working for a private […]

Tax administration in Nigeria. The three major tiers of government: Federal Government, State Government and Local Government have been saddled with the responsibility of collecting tax in Nigeria. The Federal Government uses the Federal Inland Revenue Service (FIRS) to deal with taxes that are paid by companies and Federal Capital Territory. They ensure that all […]