The economy of every nation depends heavily on taxes. Governments use them as a key source of income, using the money to fund necessities like healthcare, education, and infrastructure improvement. There are various types of taxes that Nigerian citizens and companies must pay to the government. We will go into great detail about each of these taxes in this article.
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Personal Income Tax
A direct tax on the income of people is the personal income tax. A person's income from any source, including work, business, and investments, is subject to taxation. Personal Income Tax in Nigeria is collected by the Federal Inland Revenue Service (FIRS).
Any person who i…
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