Tax compliance, payroll and accounting guidance alongside CAC obligations.
One common question many employers ask is: How much PAYE should my employees pay? The answer depends on each employee’s income, salary structure, allowable deductions and applicable tax rates. In Nigeria, PAYE is not usually a flat amount for every employee. It is calculated based on the employee’s taxable income. This means that two employees
How Much PAYE Should My Employees Pay? Read More »
Many small companies in Nigeria focus mainly on CAC registration, Annual Returns and business operations, but overlook one important tax obligation: PAYE. PAYE means Pay As You Earn. It is the personal income tax deducted from employees’ salaries by an employer and remitted to the relevant State Internal Revenue Service. If your small company has
PAYE Obligations for Small Companies in Nigeria Read More »
Many business owners in Nigeria confuse Annual Returns with Tax Returns. Although both are important compliance obligations, they are not the same. Annual Returns are filed with the Corporate Affairs Commission (CAC), while Tax Returns are filed with the relevant tax authority, such as the Nigeria Revenue Service (NRS) or the State Internal Revenue Service.
Difference Between Annual Returns and Tax Returns in Nigeria Read More »
Many business owners in Nigeria assume that once they file their CAC Annual Returns, they have fulfilled all compliance requirements. This is one of the most common misconceptions among small businesses and even some registered companies. The simple answer is No. Filing CAC Annual Returns does not automatically mean that your business is tax compliant.
Does CAC Annual Returns Mean Tax Compliance? Read More »
PAYE means Pay As You Earn. It is the personal income tax deducted by an employer from an employee’s salary and remitted to the relevant State Internal Revenue Service. If you run a business with employees in Nigeria, PAYE is not optional. Employers are expected to calculate, deduct and remit PAYE correctly every month. Need
How to Calculate PAYE for Employees in Nigeria Read More »
Are you a business owner in Lagos struggling with tax compliance, tax audits, or filing your company’s tax returns? You’re not alone. Many Small and Medium Enterprises (SMEs) in Lagos are currently receiving tax audit letters from the Nigeria Revenue Service (NRS) and Lagos State Internal Revenue Service (LIRS). If you’ve received one, now is
Tax Consultant in Lagos: Taxation & Auditing Services for SMEs Read More »
Federal tax administration in Nigeria is now handled by the Nigeria Revenue Service (NRS). Businesses looking for older FIRS or TaxProMax guidance should check the current service and their taxpayer account before relying on historical screenshots or payment instructions. What changed from FIRS to NRS? The NRS framework took effect from 1 January 2026. FIRS
NRS Tax Compliance: Rev360 and Your TaxProMax Records Read More »
