Taxes in Nigeria
Businesses are taking their tax situation more seriously as a result of improved regulation. We take the time to learn about the issues that are essential to you or your company at our firm. We can then assist you with all aspects of your tax concerns.
You’ll get the most effective tax solutions to support your goals, whether you’re a person, a small business, an entrepreneur, or a multinational corporation.
Tax solutions in Nigeria
We provide tax strategy, planning, and compliance services to enterprises, individuals, and organizations, as well as a wide range of business consultancy services. As a result, wherever you need tax guidance, we can help you both locally and globally.
Tax optimization
Tax optimization can have a huge impact on a company’s growth potential and tax compliance efficiency. We not only identify financial solutions to reduce tax liabilities for financial gains and set up proposed retirement plans; we also discover financial solutions to decrease tax liabilities for financial gains.
Tax consultation
We provide expert advice to taxpayers and can recommend strategies that reduce liabilities while reducing the possibility of audits that could lead to a conflict with the IRS or a national tax agency.
VAT registration
We work with various companies that successfully obtain their VAT number in Nigeria.
Bookkeeping
We make sure you stay focused on your business goals while we handle all of the support functions. Our experts can help you navigate the financial rules of a foreign country. In Nigeria, our team offers a wide range of financial, accounting, and bookkeeping services, including financial report production, accounts payable and receivable, planning, and forecasting.
Applying for tax return
Our tax experts frequently produce client tax returns or provide information and advice to assist customers in completing their tax returns.
Register as a taxpayer
Any person liable for ordinary taxes or required to file a tax return must apply to the Commissioner to register as a taxpayer in Nigeria.
System of taxes and fees in Nigeria
Nigeria’s taxation system is intricate and plays a vital role in the country’s economic strategy by balancing the need for revenue with fostering growth and investment. This system includes various taxes, each controlled by a detailed array of regulations and rates. A thorough comprehension of this environment is crucial for businesses, investors, and individuals for effective financial management and adherence to regulations.
Tax rates
The table below presents several of the most typical tax categories along with their corresponding rates.
| Tax | Tax Rate |
|---|---|
| VAT | 7.5% (Standard Rate) |
| Corporate income tax | 0% – 30% |
| Personal income tax | 7% – 24% |
| Dividend tax | 10% |
| Capital Gains tax | 10% |
| Property tax | Varies by state/local authority |
| Inheritance tax | N/A |
| International tax | 0% – 85% (vary by tax type) |
| Cryptocurrency tax | 10% (Capital Gains Tax) |
Request bookkeeping solution
We make sure you stay focused on your business goals while we handle all of the support functions. Our experts can help you navigate the financial rules of a foreign country.
Bookkeeping
In Nigeria, our team offers a wide range of financial, accounting, and bookkeeping services, including financial report production, accounts payable and receivable, planning, and forecasting.
Contact us
We provide tax strategy, planning, and compliance services to enterprises, individuals, and organizations, as well as a wide range of business consultancy services. As a result, wherever you need tax guidance, we can help you both locally and globally.
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Accelerate your business growth while we take care of everything else.
Disclaimer
Tax laws and regulations are continually evolving and can differ based on personal situations. The information presented here is intended for general guidance and may not represent the latest changes. It is strongly advised to seek advice from a qualified tax professional for precise and current recommendations tailored to your circumstances.