Financial Q&A: Your Questions Answered
Search our comprehensive knowledge base or submit your own question. We provide clear, practical answers to real financial questions from Nigerian entrepreneurs.
All Questions
Showing 5 of 72 results
How do I file my taxes as a freelancer operating from home?
In 2026, filing as a home-based freelancer is a digital process. Because you work from home, the Nigeria Tax Act 2025 offers specific "Home Office" benefits that weren't as clear in the past. Here is your 5-step roadmap for filing your 2026 taxes:
How do I file company income tax returns?
In 2026, filing your Company Income Tax (CIT) is done exclusively through the TaxPro Max portal, operated by the Nigeria Revenue Service (NRS). Manual filing is no longer accepted for standard companies. Here is the step-by-step process to file your returns:
What is the tax treatment for capital allowances?
In 2026, the treatment of Capital Allowances has been drastically simplified. The Nigeria Tax Act 2025 moved away from the old, confusing system of "Initial" and "Annual" allowances on a declining balance and replaced it with uniform annual rates on a straight-line basis. Here is the current framework for 2026:
How are losses treated for tax purposes?
Under the Nigeria Tax Act 2025 (active now in 2026), the treatment of business losses has been modernized to provide more flexibility for businesses while preventing the "permanent" use of losses to avoid tax. Here is how losses are handled for companies and individuals.
How will the Nigeria Tax Act 2025 affect freelancers?
In 2026, the Nigeria Tax Act (NTA) 2025 and the Nigeria Tax Administration Act (NTAA) 2025 have moved freelancers from the "informal sector" into a strictly regulated digital economy. If you are a content creator, remote developer, or Upwork freelancer, here is how the new laws specifically impact you: