Tax Consultancy Services in Nigeria: Corporate and Personal Tax Compliance
Effective tax management is an important aspect of financial administration for individuals and businesses in Nigeria. A structured approach to tax compliance supports accurate reporting, proper utilisation of applicable reliefs, and adherence to statutory obligations.
We provide tax consultancy services covering both corporate taxation and personal income tax. Our services are designed to assist clients in meeting their tax obligations in accordance with applicable laws and regulations.
Scope of Tax Services
Value Added Tax (VAT) Management
Support with VAT computation, filing, and remittance in line with statutory requirements.
Capital Gains Tax (CGT) Management
Review and reporting of chargeable gains to ensure compliance with relevant tax provisions.
Company Income Tax (CIT) Management
Preparation and filing of company income tax returns, including computation based on applicable regulations.
Tertiary Education Tax (EDT) Management
Assistance with the calculation and remittance of education tax in accordance with statutory guidelines.
Withholding Tax (WHT) Management
Administration of withholding tax deductions and remittances, including documentation and compliance monitoring.
Payroll and PAYE Administration
Processing of payroll with consideration for statutory deductions, including Pay-As-You-Earn (PAYE) obligations at the appropriate levels.
Personal Income Tax (PIT) Management
Support for individuals in computing, filing, and remitting personal income tax in line with applicable laws.
Additional Tax Support Services
Tax Returns Preparation and Filing
Assistance with timely preparation and submission of tax returns in accordance with statutory deadlines.
Statutory Deductions and Remittances
Review of required deductions to ensure accuracy and proper remittance to relevant authorities.
Tax Audit Support
Professional support during tax reviews or audits, including preparation of relevant documentation and responses.
Tax Clearance Certificate (TCC) Processing
Assistance with applications and documentation required for obtaining Tax Clearance Certificates.
Handling Tax Matters and Correspondence
Support in addressing tax-related queries, notices, and correspondence from regulatory authorities.
Approach to Tax Planning
Tax planning services are provided within the framework of existing tax laws. This includes identifying applicable reliefs, allowances, and incentives permitted under Nigerian tax regulations, with the objective of ensuring compliance while managing tax exposure appropriately.
Outcome for Clients
- Improved compliance with applicable tax laws and regulations
- Structured and timely tax reporting processes
- Better understanding of tax obligations and available statutory provisions
- Reduced exposure to penalties arising from non-compliance
Conclusion
A well-managed tax function supports business continuity and regulatory compliance. By maintaining accurate records and adhering to statutory requirements, organisations and individuals can meet their obligations while focusing on their operational priorities.
