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If you’ve ever received a payslip and wondered where a chunk of your salary disappeared to, you’ve met PAYE. You might not have known its name, but you’ve felt its effect. PAYE stands for Pay-As-You-Earn. It’s not a tax itself, but a method of collecting tax. Think of it as the government’s way of taking…
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Ask a dozen business owners what company income tax means and you’ll get twelve different answers. Some will tell you it’s 30% of everything that comes into your account. Others will insist small companies pay nothing. A few might have heard whispers about something called “Development Levy” but couldn’t explain it if you asked. Here’s…
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Ask ten different people what personal income tax means and you’ll get ten different answers. Most of them wrong. Some will tell you it’s money the government takes that you never see again. Others will insist it doesn’t apply to them because they’re not “rich enough.” A few might vaguely remember something about PAYE from…
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New tax rules took effect in January 2026. If you noticed a change in your payslip as a self-employed and began hearing about new requirements it’s because those updated rules are now in force. The Nigeria Revenue Service (yes, it has a new name) now operates under completely rewritten rules. The old Consolidated Relief Allowance?…