Annual Tax Filing & Financial Compliance (2026 Standard)

Description

Did you know? As of January 1, 2026, the new Nigerian Tax Laws have changed the game. Even if your business made zero profit, you are legally required to file an Annual Return. The new “Nigeria Revenue Service” (formerly FIRS) now uses automated systems to track non-compliance.

The “Small Business” Secret: If your business earns less than ₦25 Million, you are likely exempt from paying Company Income Tax (CIT). BUT—you can only claim this exemption if you file your returns on time. If you don’t file, you face heavy penalties (starting at ₦25,000 – ₦50,000 per month of default) and lose your chance to get a Tax Clearance Certificate (TCC).

What We Do For You:

• Financial Statement Preparation: We create a professional Statement of Financial Position (Balance Sheet) and Statement of Profit/Loss.

• Tax Liability Assessment: We calculate exactly what you owe (or prove you owe nothing).

• Filing & Submission: We handle the technical upload to the TaxPro Max portal.

• TCC Processing: We apply for your Tax Clearance Certificate, essential for government contracts and visas.

Why 30k is a Steal: A single month of penalty fees costs more than our entire service fee.

📋 Client Requirements: Tax Filing

To prepare your Financial Statements and file your taxes correctly, we need the following data for the year ended (e.g., Jan 1 – Dec 31).

A. Business Information

1. CAC Registration Number: (RC Number or BN Number)

2. Tax Identification Number (TIN):

3. FIRS Login Details: (If you have filed before. If not, we will create your profile).

   • Username/Email:

   • Password:

B. Financial Data (The Numbers) Note: If you don’t have organized accounts, simply send us your business bank statement, and we will extract the data.

4. Total Sales/Revenue: (Total money that entered the business)

5. Direct Costs: (Cost of goods sold, e.g., buying stock, raw materials)

6. Operating Expenses: (List these out roughly)

   • Rent:

   • Salaries/Wages:

   • Transport/Logistics:

   • Internet/Data:

   • Electricity/Power:

   • Marketing/Ads:

   • Repairs/Maintenance:

   • Bank Charges:

7. Assets Purchased: (Did you buy any Laptops, Generators, Furniture, or Machinery this year? List them and their cost).

C. Verification

8. Bank Statement: (PDF export for the full year 2025).