This page is aimed at providing clarity on topics related to career, business, and wealth.
How to Generate Your Tax Identification Number (TIN) for Individuals, Companies and MDAs in 2026
- Official website to generate TIN
- Clarity on TIN for Nigerians
Company Income Tax (CIT)
The biggest misconception on taxes:
Here's where many business owners get it wrong. Company Income Tax is generally not charged on your total sales or revenue. It's charged on your taxable profit, that is what remains after allowable business expenses are deducted for the financial year.
Allowable business expenses are the necessary, everyday costs directly related to operating your business. E.g salaries, wages, office rent, assets purchases, subscriptions, utilities, professional fees, admin and marketing etc.
What you can do as a business owner:
1. Documents all transactions; Sales, purchases, invoices, receipts, returns, credit notes etc.
2. Your personal income and personal expenses has no business in your books.
3. Hire a tax professional.
# NigeriaTaxLaws
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File Individual Annual Income Tax Returns in 5 minutes!