Value Added Tax(VAT) compliance has undergone a significant transformation under the Nigeria Tax Act 2025, which took effect on January 1, 2026. For businesses across Nigeria, understanding your VAT obligations is critical, particularly whether you qualify as a small business…
Small businesses' 2026 tax compliance has entered a new era with the implementation of the Nigeria Tax Act 2025. January 1, 2026, marks the beginning of this transformative tax regime in Nigeria. The Nigeria Tax Act 2025, along with the…
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…
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 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…
Cost control is the practice of identifying and reducing business expenses to increase profits, and it starts with the budgeting process. A business owner compares actual results with the budgeted expectations and if actual costs are higher than planned, management takes action.…