Good Afternoon everyone, Please i am in need of a Job, I wasn't allowed to work for years and now i am left with bills to pay and a baby to take care of. I have a Bsc and other certifications, I don't have anyone to turn to. I am honest, humble and hardworking. I reside in Uyo, Akwa Ibom State. Please this is my phone number 07018790578, I will be for ever grateful if i can send my baby to school, feed and pay my bills. Thank you.

Whoever can help should please.

Hello Jarus and co.
I need some insights into matters concerning withholding tax.

. I have browsed and read a lot about it but there are some grey areas I still haven't come to terms with.


I understand these are statutory, but aren't there exemptions? I tried to read more about tax in general and I understand that there are exemptions on VAT especially in terms of food stuffs but I can't see where the exemption on VAT is extended to withholding tax. Can I summarise that since there are exceptions of Vat on foodstuff, it can be extended to withholding tax?

Also,most importantly, if a vendor supplies , lets say electrical appliances;can he send in his invoice detailing cost of Procurement of applaiance as x naira, cost of transport as y naira, then service cost as z naira, so that the withholding tax will be on the service cost alone rather than on the net sum. Is it allowed?

Asides the basic info on withholding tax, there's really no much details available online on it unlike the value added tax where there is plenty information.

Hope to get some insights from you all.

Following..

Good morning House, I'm currently a full time student however I just got a letter from my local tax force requesting for a submission of annual income declaration. I'm confused as to what to do, Do I ignore the letter, is this something that students usually get. Please advice

Gregdcutie:
Good morning House, I'm currently a full time student however I just got a letter from my local tax force requesting for a submission of annual income declaration. I'm confused as to what to do, Do I ignore the letter, is this something that students usually get. Please advice

Are you employed? It doesn't matter that you're a student. As long as you're gainfully employed either by self or others, you have a statutory obligation to pay tax.

However, you must verify the source of the letter. If it's genuine, get an accountant or a qualified tax person to evaluate your tax payable. Also, never make payment to an individual's account.

P.S- you may post details of your income, if any, I'll tell you your total tax payable.

Melian:


Are you employed? It doesn't matter that you're a student. As long as you're gainfully employed either by self or others, you have a statutory obligation to pay tax.

However, you must verify the source of the letter. If it's genuine, get an accountant or a qualified tax person to evaluate your tax payable. Also, never make payment to an individual's account.

P.S- you may post details of your income, if any, I'll tell you your total tax payable.

No income, just pocket money

Gregdcutie:
No income, just pocket money

Ok then. Just ignore the letter.

Melian:

Ok then. Just ignore the letter.

thanks

Melian:


Are you employed? It doesn't matter that you're a student. As long as you're gainfully employed either by self or others, you have a statutory obligation to pay tax.

However, you must verify the source of the letter. If it's genuine, get an accountant or a qualified tax person to evaluate your tax payable. Also, never make payment to an individual's account.

P.S- you may post details of your income, if any, I'll tell you your total tax payable.

Please friends, does anyone know how I can fasttrack my TIN application, so as to get it quickly? I've already applied and got the registration number, they said I should check in March to know if the TIN is ready.
But I need it urgently for something really important.

Someone please help me!

Good day Gurus,

Kindly help me out with the process of obtaining LIRS TCC/tac card.

Thanks.

Please, I need someone that is vast with on Ogun State Internal Revenue Service
drop your contact I will call you

kaz4sure:
Nice one my people, let me join other gurus in the house like jarus and other to atttend to tax questions from nairalanders, please start sending your questions on tax and you will get your urgent feedback asap.....kazeem ACA, ACTI, ifrs expert

i need taxation and private sector audit work experience. kindly assist me plz. u can reach me on 08069008006

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pls when will the implementation of the financial bill/law 2020 commence? when will the official gazette be published.

Please I need help on how to get a personal tax clearance in Lagos state

Kuljoe:
You can pick up the form from the local tax station close to you . Fill it , seal and sign the forms. Attach your form H1 and submit to the tax office . Its actually free . You can pm me if you need help .

Please can i ask u a question pls

Yes you can

humility33:


Please can i ask u a question pls

Melian:


Are you employed? It doesn't matter that you're a student. As long as you're gainfully employed either by self or others, you have a statutory obligation to pay tax.

However, you must verify the source of the letter. If it's genuine, get an accountant or a qualified tax person to evaluate your tax payable. Also, never make payment to an individual's account.

P.S- you may post details of your income, if any, I'll tell you your total tax payable.

�

Elegantus:




Hello, my aunty was asked to submit her tax certificate. Although she is employed, but her employer doesn't pay tax and she has nothing to show as proof. Please what can be done under such a circumstance.

Thanks

Nothing

Simple tips that can help you manage your business better.

- Record all your expenses: This include receipts, invoices, quotations and other paper-proof documents.

- Anytime you receive funds from a customer or client through a corporate bank account, and the client requests for a part of full refund, ensure you return the funds using the same bank account/medium it was used to receive it.

-Don't receive funds from into your corporate bank account from those you don't have business relationship with. Don't receive funds on peoples' behalf.

- Track your business figures : This could be done either in soft or hard form. You can either input them on an excel sheet (soft form) or get a diary (hard copy). Remember, once it's not documented, then, it's considered not done.

- Bank statements : Always ensure to put proper narrations after making any bank transfer. This should also apply anytime you're on the verge of issuing payment cheques for services rendered to your business. Just scribe some wordings on the cheque stub.

Wordings like "Payment for Rent" and " Transfer for vehicle Licence " will give your accountant less stress during accounts reconciliation or preparation.

- If your business is heavily cash based, you can inform your cashier to always tell the bulk teller at the bank to give proper narrations to all your transactions.

Narrations like " Cash Sales for Monday 30/07/2020” and "Deposit from Uncle Oyewole of Ijora photography " would be helpful to your business

The banks on their part should on work their USSD and other related payment platforms in order to make it possible for customers to insert narrations while effecting transfers.

Happy weekend

Feel free to use the share button.
Simple tips that can help you manage your business better.

- Record all your expenses: This include receipts, invoices, quotations and other paper-proof documents.

- Anytime you receive funds from a customer or client through a corporate bank account, and the client requests for a part of full refund, ensure you return the funds using the same bank account/medium it was used to receive it.

-Don't receive funds from into your corporate bank account from those you don't have business relationship with. Don't receive funds on peoples' behalf.

- Track your business figures : This could be done either in soft or hard form. You can either input them on an excel sheet (soft form) or get a diary (hard copy). Remember, once it's not documented, then, it's considered not done.

- Bank statements : Always ensure to put proper narrations after making any bank transfer. This should also apply anytime you're on the verge of issuing payment cheques for services rendered to your business. Just scribe some wordings on the cheque stub.

Wordings like "Payment for Rent" and " Transfer for vehicle Licence " will give your accountant less stress during accounts reconciliation or preparation.

- If your business is heavily cash based, you can inform your cashier to always tell the bulk teller at the bank to give proper narrations to all your transactions.

Narrations like " Cash Sales for Monday 30/07/2020” and "Deposit from Uncle Oyewole of Ijora photography " would be helpful to your business

The banks on their part should on work their USSD and other related payment platforms in order to make it possible for customers to insert narrations while effecting transfers.

Happy weekend

Feel free to use the share button.

SMJay:
Nothing

this

Elegantus:




Hello, my aunty was asked to submit her tax certificate. Although she is employed, but her employer doesn't pay tax and she has nothing to show as proof. Please what can be done under such a circumstance.

Thanks

this

Is the salary gross or net?

felixzo1:
this

There's nothing that can be done.

Nice one today for me

SMJay:
Nothing

Of course something can be done. She need to pay through Direct Tax for 3 years, with that she can obtain a TCC within a day.

Why should she pay with her own money, I think she should report the employer to IRS anonymously.

mrphysics:

Of course something can be done. She need to pay through Direct Tax for 3 years, with that she can obtain a TCC within a day.

hmmmm and that would be how much?