What Individuals and Employers Must Know Personal Income Tax Compliance in 2026 represents a critical shift in how individuals, employers, and payroll managers approach tax obligations in Nigeria. The new tax laws replace long-standing assumptions under the Personal Income Tax…
The transition where NRS replaces FIRS represents an important institutional development in Nigeria’s tax administration framework. With the establishment of the Nigeria Revenue Service (NRS) in place of the Federal Inland Revenue Service (FIRS), federal tax administration is now consolidated…
The 2025 Tax Acts have created uncertainty about year-end accounting for December year-end businesses. Which tax laws apply when you close your 2025 books? Getting this wrong exposes you to filing errors, audit complications, and avoidable tax disputes. Here's the…
Financial statement audits are central to corporate compliance, credibility, and tax accountability in Nigeria. Both local companies and multinational enterprises (MNEs) must adhere to statutory audit requirements to operate within the law. Understanding which businesses require audits, why the auditor’s…
TIN registration in Nigeria is a compulsory process for individuals and businesses that earn income or carry out financial activities. A Tax Identification Number (TIN) is issued by the Federal Inland Revenue Service (FIRS) through the Joint Tax Board (JTB)…
As the year draws to a close, Nigerian businesses and individuals face critical tax filing deadlines. Whether your company's financial year ends in December, you're preparing to file annual returns, or you need to secure your Tax Clearance Certificate for…
The NOGIC Certificate plays a central role in Nigeria’s oil and gas industry. Established under the Nigerian Oil and Gas Industry Content Development (NOGICD) Act of 2010, the certificate serves as official proof that a company or individual registers and…
The Nigeria Social Insurance Trust Fund (NSITF) remains one of the most misunderstood but essential compliance obligations for employers in Nigeria. Many businesses confuse it with pension requirements, some overlook it entirely, and others only encounter it when preparing bids…
Pension compliance has become a critical concern for workers, employers, and regulators across Nigeria. While many understand the basic requirement to contribute to pension schemes, far fewer grasp the intricate legal framework governing these obligations, the significant changes introduced over…
Is it for state, federal, or both? Understanding the development levy at both the state and federal levels has become a major concern after Nigeria’s sweeping tax reforms were signed into law on June 26, 2025, leaving taxpayers unsure about…