Category: Education
-
How to Get a Tax Clearance Certificate in Nigeria
Staying on top of your taxes is crucial for running a business in Nigeria. Beyond being a civic duty, it’s essential for activities like securing government contracts, grants, and loans. A Tax Clearance Certificate (TCC) proves you’re current with your taxes. In Nigeria, this certificate, issued by the Federal Inland Revenue Service (FIRS), confirms that…
-
Tax for Small Business in Nigeria: A Complete Guide
This article is a complete guide to everything tax for small business in Nigeria, covers everything you need to know.
-
Understanding Capital Gains Tax in Nigeria
Capital Gains Tax in Nigeria (CGT) applies to profits from selling or exchanging certain assets. In Nigeria, CGT is a flat 10% on chargeable gains, governed by the Capital Gains Tax Act, Cap CI LFN 2004 (as amended). All chargeable assets sold at a gain, except those exempted by the Act, are subject to this…
-
Understanding Personal Income Tax in Nigeria
In this article, we will discuss the personal income tax in Nigeria, the types, how to pay it and will also answer some frequently asked questions about the topic. Personal Income Tax (PIT) is a legal requirement in Nigeria, levied on individuals, communities, families, and trustees. Governed by the Personal Income Tax Act Cap P8…
-
A Guide To The Tertiary Education Tax In Nigeria
Understanding the financial structure of tertiary education tax in Nigeria is crucial for students, educators, and policymakers. One significant aspect of this structure is the Tertiary Education Tax. This article explores the Tertiary Education Tax in Nigeria, its implications, and its significance in Nigeria, shedding light on its role in the country’s educational landscape. What…
-
What is Value added Tax in Nigeria
Value added tax in Nigeria is a significant aspect of country’s tax system, imposing a consumption tax on the value added to goods and services at each stage of production and distribution. This comprehensive guide aims to provide a detailed understanding of VAT in Nigeria, including its exemptions, and its impact on essential goods and…
-
Tax Laws in Nigeria: A Comprehensive Guide
In this article, we will explore the key tax laws in Nigeria as well as other aspects of the Nigerian tax system.
-
Types Of Taxes In Nigeria: Everything To Know
Learn about the types of taxes in Nigeria and gain a comprehensive understanding of the Nigeria’s tax system.
-
Taxes are like Slices of Pizza
Imagine your income as a box of pizza, and each slice represents a portion of where you channel your income.
-
Empowering Nigerian Taxpayers: TaxPal Teams Up with Money Africa
TaxPal and Money Africa partnered together to host an enlightening session about taxes for Taxpayers in Nigeria.