Nigeria: Corporate income tax, procedures for making payments in installments

Nigeria: Corporate income tax, payments in installments

The Federal Inland Revenue Service on 29 March 2021 issued a notice clarifying the procedure for self-assessed corporate taxpayers to apply to remit their payments of their corporate income tax in installments.


The notice directs taxpayers that intend to settle their corporate income tax in installments to make a written application and to include the first installment of tax and full payment of the tertiary education tax. The first installment must be paid on or before the due date of filing the income tax return. There are three months to the filing deadline for companies with a 31 December year-end.

Read a March 2021 report [PDF 432 KB] prepared by the KPMG member firm in Nigeria

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