With only hours left to the March 31 deadline, many Nigerians remain unsure about filing taxes. The Nigeria Tax Act 2025 mandates every income earner to submit annual tax returns. Minister of State for Finance, Taiwo Oyedele, urged all Nigerians to comply promptly.
Employees cannot assume deductions by employers fully settle their tax obligations. First, determine your tax category. Salaried workers often pay via Pay-As-You-Earn. However, filing annual returns ensures proper records, deductions verification, and tax clearance certificates. Self-employed individuals, traders, and freelancers must declare and calculate their own taxes.
Next, obtain a Tax Identification Number (TIN) through the FIRS or state tax office. Declare all income sources, including salaries, business earnings, freelance work, and rental income. Apply allowable deductions such as pensions, National Housing Fund contributions, or rent relief.
File returns online through your state’s tax portal or at designated offices. Ensure personal information, employment details, and income breakdowns are accurate. Submit before March 31 to avoid penalties, fines, and additional charges. Prepare documents like TIN, identification, payslips, bank statements, and proof of deductions.
After submission, expect acknowledgment or assessment; disputes can be formally raised. Filing taxes ensures legal compliance and access to contracts, loans, and official services. Timely action avoids last-minute portal delays and unnecessary penalties.
