Tax Payment Guidelines - Tax Benefits - Tax Payers in Nigeria | FIRS

Tax Benefits

Nigeria as a country and indeed all socially responsible and law abiding individuals, groups, organizations and corporate citizens will derive valuable benefits from imbibing a culture of tax compliance. The benefits derivable include but are not limited to:

  1. Providing sustainable finance and funding for governance, public and social services and economic development.
  2. Promoting civic responsibility, patriotism by citizens and social responsibility by corporate citizens.
  3. Stimulating priority social and economic activities and sectors while discouraging less preferred ones.
  4. Bringing about the redistribution of wealth and bridging sharp disparities in living standards.
  5. Giving taxpayers the moral and legal right to demand for (thereby engendering) a culture of accountability.
  6. Serving as a gauge for measuring the level, growth and health of economic units and economic activities.
  7. Individuals and corporate organizations are conferred with definite benefits, rights and privileges in the system based on their tax compliance status.
  8. Tax compliance enables law abiding citizens to avoid the consequences, penalties and sanctions of non-compliance.


Taxpayers

Taxpayers are in two categories- Individuals and Corporations. 

Individual taxpayers:  this category of taxpayer is further sub-categorized for ease of administration into- 

  • Resident individuals- taxpayers who reside in Nigeria for a period or periods amounting to 183 days or more in any 12 month period commencing in a calendar year and ending either within that same year or the following year.
  • Non-resident individuals- this category include immigrants and any individual who is in Nigeria for some temporary purpose only and not with intent to establish residence.
  • Individuals include a corporation sole and a body of individuals but does not include a company, partnership, community, family, trustee or executor, or any body trustees of executors.

Corporations:  any company incorporated under the Companies and Allied Matters Act.


Tax Payment Guidelines

FIRS Tax Payment guidelines are listed below;
  1. Taxpayers must be registered with relevant Tax Office nearest to them and obtain a Taxpayer Identification Number (TIN).
  2. Taxpayers should render appropriate tax returns.
  3. Taxpayers should obtain Assessment and Demand Notices where applicable.
  4. Taxpayers should remit all taxes to the approved collecting Banks in the various forms so designed for such purposes and obtain an Electronic Ticket (e-ticket).
  5. Taxpayers should present the e-ticket for the issuance of FIRS official receipts.
  6. Taxpayers can now process their Tax Clearance Certificate accordingly.
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