About this video
💼 Here's the TRUTH About PIT vs CIT in Nigeria. You work a 9–5 job AND run a business? You're paying TWO different taxes—and confusing them could cost you penalties, overpayment, or compliance trouble. In this video, we break down Personal Income Tax (PIT) and Company Income Tax (CIT)—clearly. ⏱️ CHAPTERS: 00:00 Introduction 00:35 What is Personal Income Tax 01:21 Common PIT Misconceptions 01:51 What is Company Income Tax 02:25 Why small companies don't pay tax 02:47 PIT Vs CIT (Side-by-side) 03:32 What If I’m Both An Employee And A Business Owner? 03:57 Tax Calculator 04:00 Recap ___________________ 🔔 SUBSCRIBE for Part 3: "VAT in Nigeria – The Tax Everyone Pays (But Nobody Understands)" 👉 Hit the bell so you never miss a tax lesson. ❤️ LIKE if this cleared up your PIT vs CIT confusion! 📤 SHARE with someone running a business while working a 9–5. 🌐 Explore tools & resources: https://www.flowiselabs.com/tools 📌 Educational content only. Consult a tax professional for personal advice. #PITvsCIT #PersonalIncomeTax #CompanyIncomeTax #NigerianTax #FIRS #PAYENigeria #TaxForBusinesses #FreelancerTax #TaxNigeria #FlowiseLabs #TaxCompliance ✨ Part 2 of our Nigerian Tax Series. Watch Part 1: "Understanding Tax in Nigeria (The Big Picture)" ✨ Knowledge protects. Stay informed. Stay compliant. 🇳🇬