Value Proposition

We believe every going concern has its own uniqueness and hence deserve a tax strategy unique to its present growth stage or industry. At Taxaide®, we develop strategic plans, including a tax plan that is broad-based and prioritized yet flexible enough to accommodate the complex nature of the Nigerian tax regime. Our tax professionals can help your tax function become less laborious and time consuming.

What We Offer

The effectiveness of a high-performance tax function relies on access to and use of information and technology. Taxaide® is well equipped to provide a wide range of tax management services with and without the integral use of its technologies.

Annual Tax Advisory Retainer

For tax and related advisory (other than management) services and shall include general advisory services on issues bordering on:

  • Transactional taxes including, Capital Gains Tax (CGT), Stamp Duties, Value Added Tax (VAT), Sales Tax, Withholding Tax (WHT), Consumption Tax, Customs Duties, Excise, Nigerian Content Development (NCD) Levy, Cabotage Levy, et.al.;
  • Income taxes including Companies Income Tax (CIT), Personal Income Tax (PIT), Tertiary Education Tax (TET), WHT, National Information Technology Development (NITDA) Levy, et.al.;
  • Employment taxes including Pay as you earn (PAYE), Employee/Employer/Voluntary Pension Contributions, National Housing Fund (NHF) Contributions, Employee Compensation Scheme (ECS) Contributions, Industrial Training Fund (ITF) Contribution/Refund, State Development Levy et.al.;
  • Others including Business Premises Registration/Renewal Fees, Property Tax (Land Use Charge/Tenements) Local Government Taxes/Levies, et.al.; and
  • Tax/fiscal incentives in any of the areas mentioned above.

The Annual Retainer also covers attending scheduled meetings at yours or our offices but excludes meetings at any tax/regulator/government office (see Tax Office Meetings at 13).

Corporate Income Tax Returns Management

  • Preparing Income Tax Computations and Returns documents, including:
  • Tertiary Education Tax.
  • Capital and Investment Allowances.
  • Deferred Tax computation and analysis.
  • Assembling Transfer Pricing (TP); Documentations; Preparing of TP Returns documents and filing of TP Returns.
  • Filing of CIT Returns and or remittance of applicable taxes.
  • Facilitating the process of obtaining CIT Clearance Certificate and other relevant certifications.

Customs and Excise Duties Management

  • Facilitating SONCAP accreditation process.
  • Assembling relevant documentation for the import or export process.
  • Facilitating inspection of goods by the Nigeria Customs Service.
  • Payment of applicable import or export duties and obtaining the relevant receipts of payment.
  • Processing application for exemption from import or export duties.
  • Registration with the Nigeria Export Promotion Council (NEPC)

Free Trade Zone Incentives Advisory and Management

  • General and specific advisory on fiscal incentives available in Free Trade Zones (FTZs).
  • Filing of relevant tax/fiscal returns with the Nigerian Export Processing Zones Authority (NEPZA).
  • Management of the process for obtaining/enforcing incentives through NEPZA, the Zone Manager or any other regulator.
  • Obtaining all relevant incentives certification/approval.

Micro Business Package

    Special Annual Retained Services for Micro Businesses (businesses with ≤₦5million Annual Turnover). Listed services are as stated in the details column of Pricing Module.

  • Annual Tax Advisory Service;
  • Tax Regularization Service;
  • CIT Management;
  • VAT Management;
  • Withholding Tax Payables Management; and
  • Personal Income Tax Management.

PAYE Returns Management

  • Preparing the PAYE Returns documentations, including the computation of and advising on any outstanding tax obligation to the RTA.
  • Remitting any outstanding tax obligation to the RTA.
  • Filing the PAYE Returns.
  • Attending to any queries raised by the RTA in respect of the PAYE Returns.
  • Applying for and obtaining the TCC, where employees are so eligible.

Payroll Management

  • Annual and monthly payroll computations.
  • Remittance of monthly net salaries and any applicable year end net bonuses to employees together with the provision to employees of the corresponding salary payment notifications showing all deductions made.
  • Facilitation and remittance of statutory deductions and other employment tax obligations required for the fulfillment of the employer’s tax obligations and liability: Income Tax (Pay as You Earn or PAYE), Contributory (employer and employee) Pensions, Employee Compensation Levy, Industrial Training Fund Levy, National Housing Fund Contributions, National Health Insurance Scheme Contributions, Development Levy and other applicable tax obligations or liabilities.
  • Filing of all relevant Statutory Returns in respect of (iii).
  • Keeping and providing correct and complete records in respect of payroll management.
  • Facilitating the collection of electronic Tax Clearance Certificates for Employees and Directors.

Personal Income Tax Returns Management

  • Annual and monthly payroll computations.
  • Remittance of monthly net salaries and any applicable year end net bonuses to employees together with the provision to employees of the corresponding salary payment notifications showing all deductions made.
  • Facilitation and remittance of statutory deductions and other employment tax obligations required for the fulfillment of the employer’s tax obligations and liability: Income Tax (Pay as You Earn or PAYE), Contributory (employer and employee) Pensions, Employee Compensation Levy, Industrial Training Fund Levy, National Housing Fund Contributions, National Health Insurance Scheme Contributions, Development Levy and other applicable tax obligations or liabilities.
  • Filing of all relevant Statutory Returns in respect of (iii).
  • Keeping and providing correct and complete records in respect of payroll management.
  • Facilitating the collection of electronic Tax Clearance Certificates for Employees and Directors.