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NIIT is a tax on net investment income. Those who are subject to the tax will pay 3.8 percent on the lesser of the following: their net investment income or the amount by which their modified ...
Statutorily and administratively, the FIRS has the responsibility for the assessment, collection and accounting of taxes to the Government: [9] The timely provision and publication of accurate data and annual reports to the Federal Government of Nigeria and other stakeholders to inform national economic planning, academic research, tax policy and development legislation [10]
In 2022, the National Pension Commission announced it had automated the Pre-Retirement Verification Enrolment Exercise and issued 207 Pension Compliance Certificates (PCC) to organizations in the given year. [5] In January 2023, the National Pension Commission announced a release of N13.89 billion pension for 2022 retirees by the Federal ...
The IRS taxes your NII a net investment income tax (NIIT) to generate income. The agency will also apply a surtax to fund Medicare and other government programs if your modified adjusted gross ...
Remita is a financial services platform owned by SystemSpecs, a financial services company headquartered in Lagos, Nigeria. It has served as the gateway for the treasury single account of the Nigerian government since 2012. [1] [2]
The Nigerian Investment Promotion Commission was established by the United Nations Conference on Trade and Development [6] through Chapter N117 of the Nigerian Investment Promotion Act of 1995, and later became a specialized agency of the Federal Government of Nigeria through Chapter N117 of the Nigerian Investment Promotion Act of 2004 [7] by the former President of Nigeria Olusegun Aremu ...
However, you might owe a supplemental Medicare tax if you are a high earner. If you generate retirement income from working a job, running a business or otherwise earning income, you will pay the
It is a government agency entrusted to assess, collect and account for all taxes, fees and levies in Rivers State, Nigeria. It is involved in the formulation of tax policy as well as the supervision of revenue collection due to the state. [1] Its headquarters is at Plot GS/1, Amadi Ama Layout, Port Harcourt in GRA, Port Harcourt .