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Nigerian Tax & Accounting Resources

Master Nigerian Tax Compliance

Comprehensive guides on VAT, WHT, CIT, PAYE, and bookkeeping. Stay compliant with NRS (Formerly FIRS) regulations and grow your business with confidence.

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VATintermediate

E-commerce VAT Rules in Nigeria: A Guide for Online Sellers

Complete guide to VAT for Nigerian e-commerce businesses, covering online sales, marketplace obligations, digital products, and how to stay compliant with NRS regulations.

11 min19 Jan 2025
WHTbeginner

How Finora Automates Your WHT Compliance: Complete Feature Guide

Discover how Finora automates every aspect of Withholding Tax compliance in Nigeria—from deduction calculations and certificate generation to returns filing and credit tracking.

8 min19 Jan 2025
CITbeginner

How Finora Computes Your CIT Automatically: Complete Feature Guide

Discover how Finora automates Company Income Tax computation in Nigeria—from turnover tracking and expense classification to capital allowances and return preparation.

8 min19 Jan 2025
Complianceintermediate

NRS (FIRS) Tax Penalties in Nigeria: Complete Guide to Fines and Interest

Understand all NRS (Formerly FIRS) penalties for late filing, non-payment, and tax offenses in Nigeria. Learn penalty rates, how to avoid them, and what to do if penalized.

10 min19 Jan 2025
VATadvanced

VAT Reverse Charge Mechanism in Nigeria: Complete Guide

Understand the VAT reverse charge mechanism in Nigeria for imported services. Learn when it applies, how to calculate and report it, and avoid common compliance errors.

10 min18 Jan 2025
WHTintermediate

WHT Credit Notes: Using Them Against Company Income Tax (CIT)

Learn how to use WHT credit certificates to reduce your Company Income Tax in Nigeria. Understand eligibility, claiming process, and reconciliation requirements.

10 min18 Jan 2025
CITadvanced

Thin Capitalization in Nigeria: Interest Deduction Limits

Understand Nigeria's thin capitalization rules and interest deduction limits. Learn how debt-to-equity ratios affect your CIT and how to structure financing compliantly.

10 min18 Jan 2025
PAYEbeginner

How Finora Calculates Payroll Taxes: Complete Feature Guide

Discover how Finora automates PAYE, pension, NHF, and NHIS calculations for Nigerian payroll. Generate compliant payslips, remittance reports, and annual returns.

8 min18 Jan 2025
Bookkeepingbeginner

How Finora Simplifies Your Bookkeeping: Complete Feature Guide

Discover how Finora transforms bookkeeping for Nigerian businesses. From double-entry automation to financial statements, see how easy accounting can be.

8 min18 Jan 2025
Compliancebeginner

How to Obtain a Tax Clearance Certificate (TCC) in Nigeria

Complete guide to obtaining a Tax Clearance Certificate from NRS (Formerly FIRS) and State IRS. Learn requirements, process, and how to maintain TCC eligibility.

9 min18 Jan 2025
VATintermediate

VAT on Services in Nigeria: What Every Business Must Know

Comprehensive guide to VAT on services in Nigeria, including which services are taxable, exempt services, imported services, and how to charge and remit VAT correctly.

9 min17 Jan 2025
WHTadvanced

Non-Resident WHT in Nigeria: International Transaction Guide

Complete guide to Withholding Tax on payments to non-residents in Nigeria. Covers rates, tax treaties, documentation requirements, and compliance procedures.

12 min17 Jan 2025
CITadvanced

Transfer Pricing Rules for Nigerian Companies: A Practical Guide

Understand transfer pricing regulations in Nigeria. Learn about arm's length principle, documentation requirements, penalties, and compliance strategies for related party transactions.

13 min17 Jan 2025
PAYEintermediate

Annual PAYE Returns (Form H1) in Nigeria: Filing Guide

Complete guide to filing annual PAYE returns using Form H1 in Nigeria. Understand deadlines, required information, and how to reconcile your monthly PAYE remittances.

9 min17 Jan 2025
Bookkeepingintermediate

Fixed Asset Register and Depreciation for Nigerian Businesses

Learn how to maintain a fixed asset register and calculate depreciation for Nigerian businesses. Understand accounting methods, tax implications, and best practices.

10 min17 Jan 2025
Compliancebeginner

CAC Annual Returns: Complete Filing Guide for Nigerian Companies

Learn how to file your CAC annual returns in Nigeria. Understand requirements, deadlines, fees, and penalties for Companies and Allied Matters Act compliance.

9 min17 Jan 2025
VATintermediate

Zero-Rated vs Exempt Supplies in Nigeria: Understanding the Difference

Learn the crucial difference between zero-rated and exempt supplies for VAT purposes in Nigeria. Understand how each affects your input VAT claims and tax obligations.

10 min16 Jan 2025
WHTintermediate

WHT on Rent, Dividends, and Professional Fees in Nigeria

Detailed guide to Withholding Tax on rent, dividend payments, and professional fees in Nigeria. Learn rates, calculations, exemptions, and compliance requirements.

11 min16 Jan 2025
CITbeginner

CIT Filing Deadlines and Extensions in Nigeria

Know your Company Income Tax filing deadlines in Nigeria, understand the extension process, and avoid penalties for late filing. Complete guide to CIT timing.

9 min16 Jan 2025
PAYEbeginner

Payslip Requirements Under Nigerian Law: Employer Compliance Guide

Understand Nigerian payslip requirements. Learn what information must be included, legal obligations, and how to generate compliant payslips for your employees.

7 min16 Jan 2025
Bookkeepingbeginner

Bank Reconciliation Best Practices for Nigerian Businesses

Master bank reconciliation for your Nigerian business. Learn the process, common issues, and best practices to keep your books accurate and catch errors early.

8 min16 Jan 2025
Complianceintermediate

Audit Trail Requirements for Nigerian Businesses: NRS Compliance Guide

Understand audit trail requirements under Nigerian tax law. Learn what records to keep, how long to retain them, and how to prepare for NRS (Formerly FIRS) audits.

10 min16 Jan 2025
VATbeginner

VAT Registration Threshold in Nigeria: The ₦25 Million Rule Explained

Learn about Nigeria's VAT registration threshold of ₦25 million annual turnover, who must register, exemptions, and how Finora automates your VAT compliance.

10 min15 Jan 2025
WHTbeginner

Monthly WHT Returns in Nigeria: Filing Requirements and Process

Complete guide to filing monthly Withholding Tax returns in Nigeria, including deadlines, required documents, online filing process, and how Finora automates your returns.

9 min15 Jan 2025
CITintermediate

Capital Allowances in Nigeria: Tax Depreciation for Your Assets

Complete guide to capital allowances in Nigeria. Learn how to claim tax relief on buildings, equipment, vehicles, and other capital assets for CIT purposes.

11 min15 Jan 2025
PAYEbeginner

NHIS Contributions for Employees in Nigeria: Complete Guide

Understand National Health Insurance Scheme contributions in Nigeria. Learn about employer obligations, contribution rates, benefits, and compliance requirements.

8 min15 Jan 2025
Bookkeepingintermediate

Financial Statement Requirements in Nigeria: What Your Business Must Prepare

Understand financial statement requirements for Nigerian companies. Learn about statutory obligations, IFRS compliance, and what statements you must prepare.

10 min15 Jan 2025
Finance Actintermediate

Finance Act 2023: Key Tax Changes for Nigerian Businesses

Comprehensive guide to Finance Act 2023 changes affecting Nigerian businesses. Understand new tax rates, compliance requirements, and how to adapt your operations.

11 min15 Jan 2025
VATbeginner

How to File VAT Returns in Nigeria: Complete Step-by-Step Guide

A comprehensive guide to filing VAT returns in Nigeria, including deadlines, required documents, online filing process, and how Finora automates the entire process.

12 min14 Jan 2025
WHTbeginner

WHT Certificate Generation in Nigeria: Step-by-Step Guide

Learn how to generate and issue WHT credit certificates in Nigeria. Includes format requirements, timing rules, and how Finora automates certificate generation.

8 min14 Jan 2025
CITintermediate

Tax-Deductible Expenses in Nigeria: What Qualifies for CIT Relief

Comprehensive guide to tax-deductible expenses in Nigeria. Learn which business expenses reduce your Company Income Tax and which are disallowed by NRS.

12 min14 Jan 2025
PAYEbeginner

Pension Fund Contributions in Nigeria: Employer Obligations Guide

Complete guide to pension fund contributions under Nigeria's Contributory Pension Scheme. Learn employer and employee rates, compliance requirements, and PFA responsibilities.

10 min14 Jan 2025
Bookkeepingintermediate

Accrual vs Cash Basis Accounting in Nigeria: Which to Use?

Understand the differences between accrual and cash basis accounting in Nigeria. Learn which method suits your business and what Nigerian tax law requires.

8 min14 Jan 2025
Finance Actintermediate

Finance Act 2024: What's New for Nigerian Businesses

Understand the latest Finance Act 2024 changes affecting Nigerian businesses. Learn about new tax provisions, updated rates, and compliance requirements.

10 min14 Jan 2025
VATintermediate

VAT Input vs Output: Understanding and Claiming Your Credits in Nigeria

Learn the difference between input VAT and output VAT in Nigeria, how to claim VAT credits, eligibility rules, and how Finora tracks your VAT position automatically.

11 min13 Jan 2025
WHTbeginner

When to Deduct WHT: Complete Guide to Payment Types Covered

Know exactly when to deduct Withholding Tax in Nigeria. This guide covers all qualifying payment types, exemptions, and practical decision rules for businesses.

9 min13 Jan 2025
CITbeginner

Small Company Tax Relief in Nigeria: The ₦25 Million Threshold

Complete guide to small company tax relief in Nigeria. Learn about the ₦25 million threshold, 0% CIT rate eligibility, requirements, and how to maintain compliance.

8 min13 Jan 2025
PAYEbeginner

National Housing Fund (NHF) Contributions in Nigeria: Employer Guide

Complete guide to National Housing Fund contributions in Nigeria. Understand employer and employee obligations, contribution rates, benefits, and compliance requirements.

8 min13 Jan 2025
Bookkeepingbeginner

Chart of Accounts for Nigerian Businesses: Setup Guide

Learn how to set up a chart of accounts for your Nigerian business. Includes standard account categories, numbering systems, and templates for various industries.

9 min13 Jan 2025
Finance Actadvanced

Digital Services Tax in Nigeria: What Tech Companies Must Know

Complete guide to digital services taxation in Nigeria. Understand Significant Economic Presence rules, VAT on digital services, and compliance for tech companies.

11 min13 Jan 2025
VATbeginner

Late VAT Filing Penalties in Nigeria: What You'll Pay and How to Avoid Them

Understand the penalties for late VAT filing in Nigeria, including fines, interest rates, and practical strategies to avoid them. Learn how Finora keeps you compliant.

8 min12 Jan 2025
WHTbeginner

Withholding Tax Rates in Nigeria: Complete 2025 Guide

Comprehensive guide to withholding tax (WHT) rates in Nigeria, covering all payment types, rates for companies and individuals, and how to calculate and remit correctly.

10 min12 Jan 2025
CITbeginner

Company Income Tax Rates in Nigeria: 2025 Complete Guide

Understand Company Income Tax (CIT) rates in Nigeria, including the standard 30% rate, small company relief, and medium company rates. Learn how Finora calculates your CIT.

9 min12 Jan 2025
PAYEbeginner

PAYE Tax Tables in Nigeria: 2025 Rates and Calculations Explained

Complete guide to PAYE tax tables in Nigeria. Understand personal income tax rates, reliefs, allowances, and how to calculate employee taxes correctly.

10 min12 Jan 2025
Bookkeepingbeginner

Double-Entry Bookkeeping for Nigerian SMEs: Complete Guide

Learn double-entry bookkeeping fundamentals for Nigerian small and medium businesses. Understand debits, credits, and how to maintain accurate financial records.

10 min12 Jan 2025
Business Setupbeginner

TIN Registration in Nigeria: Complete Guide for Businesses and Individuals

Step-by-step guide to obtaining your Tax Identification Number (TIN) from NRS (Formerly FIRS) and JTB. Learn requirements, process, and how to use your TIN.

9 min12 Jan 2025
Business Setupbeginner

Starting a Business in Nigeria: Complete Guide to Tax Obligations

Everything new business owners need to know about tax obligations in Nigeria. From registration to ongoing compliance, learn how to stay on the right side of the law.

12 min11 Jan 2025

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