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Comprehensive Tax and Statutory Filing Obligations for Companies in Nigeria – 2025 Prepared by Sunmola David, BSc, MSc, FCA, FCTIManaging Partner, SUNMOLA David and Co (Chartered Accountants and Chartered Tax Practitioners) WhatsApps : 2348038460036          Contact |   www.sunmoladavid.com IntroductionThis document outlines the tax and statutory obligations for companies operating in Nigeria in 2025. It serves as a comprehensive guide to ensure compliance with regulatory authorities, including the Federal Inland Revenue Service (FIRS), State Internal Revenue Services (SIRS), Corporate Affairs Commission (CAC), and other relevant agencies. 1. Federal Inland Revenue Service (FIRS) Returns:• Company Income Tax (CIT) Returns:o Due: Six months after the company’s accounting year-end.o Documents Required:Audited financial statements.Tax computation schedule.Completed CIT self-assessment form.Evidence of CIT payment (if applicable). • Value Added Tax (VAT) Returns:o Due: On or before the 21st of every month. • Withholding Tax (WHT) Returns:o Due: On or before the 21st of the following month in which the deduction was made. • Education Tax (EDT):o Due: Alongside CIT filings.o Rate: 2.5% of assessable profit.o Evidence of EDT payment (if applicable). • National Information Technology Development Levy (NITDL):o Applicable to companies with turnover of ₦100 million and above.o Filed alongside CIT returns. • Transfer Pricing (TP) Disclosure/Returns:o For companies engaged in related-party transactions.o Due: Same date as CIT returns.______________2. State Internal Revenue Service (SIRS) Returns:• Pay-As-You-Earn (PAYE) Returns:o Annual Returns:Due: January 31 of the following year.Documents Required:Form H1 or equivalent.Schedule of employees’ income and tax deductions.Evidence of PAYE remittances.o Monthly PAYE Remittances:Due: By the 10th day of the following month. • Withholding Tax (WHT) on Rent/Individual Contractors:o Due: By the 10th day of the following month after the deduction. 3. Corporate Affairs Commission (CAC) Filings:• Annual Returns:o Due: Not later than 42 days after the Annual General Meeting (AGM).o Documents Required:Completed CAC annual return form.Evidence of payment of the annual return fee.Updated particulars of directors/shareholders (if applicable). • Filing of Changes (if applicable):o Due: Within 14 days of any changes in company structure (e.g., directors, shareholding, registered address). 4. National Pension Commission (PenCom):• Monthly Pension Contribution Schedule:o Due: On or before the 10th of every month. 5. Nigerian Social Insurance Trust Fund (NSITF):• NSITF Contributions:o Due: Monthly contributions are expected to be remitted on or before the 15th of the following month. 6. Industrial Training Fund (ITF):• Annual ITF Contribution:o Due: 1% of the company’s payroll, payable annually.o Deadline: Usually within the first quarter of the year. 7. Nigerian Immigration Service (Applicable to those companies that bring in expatriates into Nigeria):• Expatriate Quota Returns:o Due: Monthly.o Documents Required: Schedule of expatriates employed. Evidence of compliance with quota conditions. 8. Local Government Levies by the state & Local governments:• Business Premises Levy:o Due: Annually.o Rate: Varies depending on the local government. • Signage and Advertisement Fees:o Due: Annually or as determined by the local government. Important Notes:1. Filing Timelines: All returns must be filed on time to avoid penalties for late submission.2. Audit Requirements: Ensure audited financial statements are prepared and signed by an ICAN-registered auditor, as they form the basis for most filings.3. Record Keeping: Maintain accurate records for at least six years to comply with tax audit requirements.Additional Notes• Scope: The above filing obligations apply to normal companies operating in Nigeria.• Public Interest Companies: Entities such as banks, insurance companies, pension companies, and telecom companies have additional compliance requirements, including industry-specific filings and adherence to sectoral regulations. It is crucial for these companies to comply with their respective regulatory bodies for detailed obligations. ConclusionCompliance with the above obligations is essential to avoid penalties and ensure smooth business operations. For professional guidance and assistance in meeting these requirements. Contact Us: Sunmola David FCA, Managing Partner, Sunmola David & CO (Chartered Accountants & Chartered Tax Practitioners)               WhatsApp: +2348038460036Managing director /CEO Inner Konsult , Accountancy , Tax, assurance and CAC professional services. www.innerkonsult.comSupportKindly share this message to educate or remind others, God bless you amen. Download page in PDF Share this: Facebook Twitter LinkedIn WhatsApp Email