Tax Registration and De-registration

Why is Tax Registration Crucial?

Tax registration is a legal requirement for all businesses and individuals liable to pay taxes in Nigeria. It is the first step towards fulfilling your tax obligations and ensuring compliance with the law. Benefits of proper tax registration include:

• Legal Operation: Registration allows you to operate your business legally and avoid penalties for non-compliance.
• Access to Incentives: Registered businesses can access various tax incentives and benefits offered by the government.
• Enhanced Credibility: Tax registration enhances your business's credibility and trustworthiness in the eyes of customers, suppliers, and financial institutions.
• Ease of Doing Business: Registration simplifies various business processes, such as opening bank accounts, obtaining loans, and participating in government tenders.

Types of Tax Registration We Handle

Stransact assists with various tax registrations, including:

• Company Income Tax (CIT): Mandatory for all incorporated businesses in Nigeria.
• Personal Income Tax (PIT): Required for individuals earning income in Nigeria, including employees and self-employed individuals.
• Value Added Tax (VAT): Applies to businesses supplying taxable goods and services.
• Withholding Tax (WHT): Applicable to companies making payments to individuals and other businesses.
• Pay As You Earn (PAYE): Required for employers to deduct income tax from employees' salaries.
• Capital Gains Tax (CGT): Applies to gains derived from the disposal of assets.
• Stamp Duties: Levied on various legal documents and transactions.

Why Choose Stransact for Tax Registration and De-registration?

• Expertise: Our team possesses in-depth knowledge of Nigerian tax laws and procedures, ensuring accurate and efficient processing of your application.
• Time Savings: We handle all the paperwork and legwork involved, saving you valuable time and resources.
• Reduced Stress: We navigate the complexities of the tax system on your behalf, ensuring a stress-free experience.
• Compliance: We ensure your registration or de-registration is completed in full compliance with all legal requirements.
• Personalized Service: We provide tailored guidance and support throughout the process, addressing your specific needs and concerns.

Our Tax Registration and De-registration Services Include:

• Advisory on Tax Obligations: We assess your tax obligations and advise on the necessary registrations and de-registrations.
• Documentation Assistance: We assist with completing and submitting all required forms and documents.
• Liaison with Tax Authorities: We act as your representative in all interactions with the relevant tax authorities.
• Follow-up and Updates: We keep you informed of the progress of your application and any updates or changes in tax regulations.