BizBooks Insights
Money, tax and payroll for Nigerian companies, explained plainly.
Practical guides updated for the 2026 tax rules, written for owners and finance leads who'd rather run the business than decode tax law.
Taxes
VAT, WHT, PAYE and company tax under the 2026 rules, explained for companies.
- 3 min
E-invoicing in Nigeria (NRS MBS): timeline and what SMEs must do
What the Nigeria Revenue Service's Merchant-Buyer Solution (MBS) e-invoicing system is, the rollout timeline by taxpayer size, and how small and medium companies should prepare now.
- 3 min
How to get a tax clearance certificate (TCC) for government and corporate contracts
What a Nigerian company tax clearance certificate is, why government agencies and large clients ask for it, what you need before applying, and how to avoid delays.
- 3 min
Late filing and payment penalties in Nigeria (2026)
What Nigerian companies pay for filing tax returns late or paying tax late under the Nigeria Tax Administration Act 2025, plus pension and CAC penalties, and how to avoid them.
- 2 min
Tax ID (TIN) for companies in Nigeria: what it is and why clients ask for it
How Tax IDs work for Nigerian companies from 2026, why your CAC RC or BN number now serves as your Tax ID, where to use it, and why it matters for invoices and withholding tax.
- 3 min
The 4% development levy in Nigeria: who pays it and how it's calculated
What the development levy under the Nigeria Tax Act 2025 is, which companies pay it, how 4% of assessable profit is calculated, which old levies it replaces, and a worked example.
- 6 min
Nigeria Tax Act 2025 explained: what changed for companies in 2026
A plain-English guide to the Nigeria Tax Act 2025 for company owners: small-company exemption, 4% development levy, VAT input recovery, new PAYE bands, WHT and the NRS.
- 4 min
Nigeria tax calendar 2026: every deadline a company must know
Monthly and annual tax deadlines for Nigerian companies in 2026: PAYE by the 10th, VAT and WHT by the 21st, pension within 7 working days, CIT returns within 6 months of year end, Form H1 by 31 January.
- 4 min
Small company tax exemption in Nigeria: does your company qualify for 0% CIT?
Who counts as a small company under the Nigeria Tax Act 2025, the ₦100m turnover and ₦250m fixed-asset tests, the professional services exclusion, and what small companies must still file.
- 4 min
VAT in Nigeria for service companies: when to charge it, input VAT and filing (2026)
How VAT works for Nigerian agencies, consultancies and IT firms in 2026: the 7.5% rate, who must charge it, claiming input VAT on services, monthly returns by the 21st and worked examples.
- 4 min
Withholding tax in Nigeria 2026: rates, credit notes and how to use WHT credits
WHT rates under the 2024 regulations (5% for consultancy and professional fees, 2% for supplies), the small business exemption, remittance deadlines, and how to turn WHT deducted by clients into tax credits.