Individual taxpayers, including business owners, high net worth individuals and employees, must file a tax return in Nigeria by 31 March of every year, in line with the Personal Income Tax Act.
This publication covers 10 key areas to focus on during the tax season, including:
- Treatment of taxable income, exemptions and allowable deductions
- Taxation of foreign income
- Income to be reported in your tax returns
- Compliance obligations
- Penalties for failure to comply
- Determination of Relevant Tax Authority
- Incentives for timely compliance
- Technology adoption
- Rationale for compliance
- Tax clearance certificate
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