Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,207,162 members, 7,998,020 topics. Date: Saturday, 09 November 2024 at 02:20 AM

How Do Freelancers Pay Tax? - Jobs/Vacancies (2) - Nairaland

Nairaland Forum / Nairaland / General / Jobs/Vacancies / How Do Freelancers Pay Tax? (11882 Views)

An International NGO In Nigeria Is Recruiting 8 Content Freelancers / Pricewaterhousecooper (pwc) Graduate Recruitment 2018 – Assurance & Tax Regulato / Npower Tax. I Received This Message From Npower Tax. (2) (3) (4)

(1) (2) (3) (4) (5) (6) (Reply) (Go Down)

Re: How Do Freelancers Pay Tax? by okeniti: 1:21pm On Dec 16, 2023
Say your the sole employee of your registered business doing freelancing work, for Lagos. You need your TIN and LIRS number. Now what you make gross per annum (as per conversion from USD Official rate to Naira), use the LIRS site calculator to find out how much you owe and divide by 12, each month.

1 Like

Re: How Do Freelancers Pay Tax? by lawani: 1:22pm On Dec 16, 2023
In a normal country you must register your business and must pay yourself minimum wage and if your standard of living is higher than the wages you pay yourself, you will receive a letter. It is not difficult for the government if the will is there. If you can not pay yourself the minimum wage then the government will find you a job
Re: How Do Freelancers Pay Tax? by anu3: 1:23pm On Dec 16, 2023
creativehubb:
Nigerian politicians eat a lot of money from resources and a million ways the nation make revenue. Let struggling Nigerians breathe, stop asking stupid questions, ask about what they do with taxes.

Two wrongs don't make a right. Through the years I've found just doing right pays a lot with God's approval. If they choose to be wrong , then we can choose to do good. Each one will reap what they sow... Choice...

6 Likes

Re: How Do Freelancers Pay Tax? by Dotmanq: 1:25pm On Dec 16, 2023
Will love to learn too.

1 Like

Re: How Do Freelancers Pay Tax? by lawani: 1:25pm On Dec 16, 2023
anu3:


Two wrongs don't make right. Through the years I've found just doing right pays a lot with God's approval. If they choose to be wrong , then we can choose to do good. Each one will reap what they sow... Choice...

Paying tax on your own without others paying is not going to help your country or do you think it will?. One tree can not make a forest
Re: How Do Freelancers Pay Tax? by Annahh(f): 1:26pm On Dec 16, 2023
finallybusy:
Bottle of Coca Cola you buy, there is tax attached. Movies you watch in the cinema have VAT attached. A box of sugar, tax is deducted. Don’t think garri bought in markets don’t have tax attached.

Continue living life as usual.
Garri has tax lolzz. How na? cheesy
Re: How Do Freelancers Pay Tax? by Zidoh(m): 1:29pm On Dec 16, 2023
Good day greater freelancers.

ZIDOH EXCHANGE ENTERPRISES®.

We are still your active plug for all your e-currency exchange.

WE BUY :Payoneer , Paypal , Skrill , Neteller , Sofi funds , Revolut ,All country Transfer, Cryptos and All redeemable cards at good rate

We also do withdrawal such as Fiverr , Upwork , Freelancer, Amazon kdp, domain sale withdrawal etc.

......Kindly slide to our dm on Whatsapp on +2348088759163 for instant exchange

Re: How Do Freelancers Pay Tax? by CHALLENGER: 1:32pm On Dec 16, 2023
anu3:


Yeah sis... Thanks for your reaching out.

An online employer once told me a tax number was a major requirement before I could start working with her, so I had to go and register and get TIN. Later turned the offer down due to some reasons.

I wouldn't have bothered at all, but you know I got strictly changed after secondary school about 13 years ago—of which I almost passed away.

So, owing to God's command I've embraced taxing whether I like it or not. They told me back then that I would have come by the end of the year as it's once in a year.

I think I'll still to go and ask them for clarifications...

Well done and good of you Anu.
Can you possible link me up with the freelance opportunity? I'll appreciate your support in this regard.
Thank you.
Re: How Do Freelancers Pay Tax? by rayopt(m): 1:35pm On Dec 16, 2023
BoldBrainz:
For a freelancer, you sound like too much of a proper dunce.

For you not to know that almost every item you buy in the nigerian markets is properly taxed and you pay all of it, leaves questions as to how you attained the standard of being referred to as a freelancer..

Fr bro. You sound harsh but it is the truth. If you spend so much time online, knowing these things should not be difficult. But it is wat it is anyway.

2 Likes

Re: How Do Freelancers Pay Tax? by wonlasewonimi: 1:36pm On Dec 16, 2023
I work for the FIRS please pay 35% of your earnings to our account number with Wema bank 0078656456.

We will send you an acknowledgement sticker of having performed your civic duty as a responsible citizen of Nigeria.

2 Likes

Re: How Do Freelancers Pay Tax? by anu3: 1:37pm On Dec 16, 2023
lawani:


Paying tax on your own without others paying is not going to help your country or do you think it will?. One tree can not make a forest

Well, I'm honestly not interested in it. But after a life situation and I got converted, now it's sure I must give to Caesar what's his.

And like I said, I know I'll be cheating myself if I don't do what I know is right... Nothing works better for me. For instance, I've experience a situation when my income suddenly went over ×10... Consider that...

God bless

5 Likes

Re: How Do Freelancers Pay Tax? by creativehubb: 1:38pm On Dec 16, 2023
anu3:


Two wrongs don't make right. Through the years I've found just doing right pays a lot with God's approval. If they choose to be wrong , then we can choose to do good. Each one will reap what they sow... Choice...
Small businesses are exempted from taxes...those earning below 20million a year. Demand from politicians, keep your small change
Re: How Do Freelancers Pay Tax? by OgaFactCheck: 1:38pm On Dec 16, 2023
anu3:
Hello, please could anyone with experience tell me how to full my duties to the government in terms of tax. I've never done it before.

And would I calculate it in dollars or naira; if dollars, will it be in official rate or parallel market rate.

If you know what's right, please let me know.

Thanks.

I was trained a community tax liason officer (NTAX) and used to be one under the last administration. You have a duty to pay personal income tax (PIT) since you work as a freelancer (an equivalent of sole proprietorship). PIT is mainly divided into two(2), Pay as you earn (PAYE) and Direct Assessment (DA). You will pay through DA. So, the staff insisting that you should disclose your income sources and amount is right, however, she would have given you a DA form to fill as a better option. There is a formulae to calculate your tax after consolidated allowance is deducted. However, one can only apply the formula when you fill the DA form in detail. When next you visit the State tax office, ask for the staff in charge of 'DA' to guide you.

The guy asking you to pay CIT (company income tax) if you register your business may be right depending on the type of registration done. Do you register 'Business Name" or company. If it's just business name, which is common with sole proprietorship (one-man business), you only need to pay the DA and perhaps, PAYE for your few workers. There is a condition to this, if you actually run your business like a company but used a business name to avoid paying CIT, FIRS may compel you to pay the CIT even without registering as a company. They have a way of knowing. Apart from that, just pay your DA, and in most cases, you are good to go. With 3 years consistent and full PIT (DA) payment, you can get your tax clearance certificate (TCC).

7 Likes 1 Share

Re: How Do Freelancers Pay Tax? by Illegal1(m): 1:39pm On Dec 16, 2023
finallybusy:
Bottle of Coca Cola you buy, there is tax attached. Movies you watch in the cinema have VAT attached. A box of sugar, tax is deducted. Don’t think garri bought in markets don’t have tax attached.

Continue living life as usual.

omoh.........wat are u saying?
Re: How Do Freelancers Pay Tax? by Buharidgeneral: 1:39pm On Dec 16, 2023
wonlasewonimi:
I work for the FIRS please pay 35% of your earnings to our account number with Wema bank 0078656456.

We will send you an acknowledgement sticker of having performed your civic duty as a responsible citizen of Nigeria.
Scammer

4 Likes

Re: How Do Freelancers Pay Tax? by Khyrvxjzy: 1:41pm On Dec 16, 2023
creativehubb:
Nigerian politicians eat a lot of money from resources and a million ways the nation make revenue. Let struggling Nigerians breathe, stop asking stupid questions, ask about what they do with taxes.

not everyone is poor like you
Re: How Do Freelancers Pay Tax? by anu3: 1:41pm On Dec 16, 2023
rayopt:


Fr bro. You sound harsh but it is the truth. If you spend so much time online, knowing these things should not be difficult. But it is wat it is anyway.

No, the details of each state is not. I wanted a first hand experience maybe. It's even strange to the officials themselves. But I had to be careful so I don't get cheated.

2 Likes

Re: How Do Freelancers Pay Tax? by creativehubb: 1:43pm On Dec 16, 2023
Khyrvxjzy:


not everyone is poor like you
Mumu senators use tax payers money to buy vehicle of N130million each...how much does your freelance make?

Keep your small money.

4 Likes 1 Share

Re: How Do Freelancers Pay Tax? by Buharidgeneral: 1:44pm On Dec 16, 2023
anu3:
Hello, please could anyone with experience tell me how to full my duties to the government in terms of tax. I've never done it before.

And would I calculate it in dollars or naira; if dollars, will it be in official rate or parallel market rate.

If you know what's right, please let me know.

Thanks.
If your company is limited liability go to firs while business name file to state IRS. However you need the service of an auditor or accountant to guide and direct you what and to go about it. Tanx DM if possible

1 Like

Re: How Do Freelancers Pay Tax? by anu3: 1:48pm On Dec 16, 2023
OgaFactCheck:


I was trained a community tax liason officer (NTAX) and used to be one under the last administration. You have a duty to pay personal income tax (PIT) since you work as a freelancer (an equivalent of sole proprietorship). PIT is mainly divided into two(2), Pay as you earn (PAYE) and Direct Assessment (DA). You will pay through DA. So, the staff insisting that you should disclose your income sources and amount is right, however, she would have given you a DA form to fill as a better option. There is a formulae to calculate your tax after consolidated allowance is deducted. However, one can only apply the formula when you fill the DA form in detail. When next you visit the State tax office, ask for the staff in charge of 'DA' to guide you.

The guy asking you to pay CIT (company income tax) if you register your business may be right depending on the type of registration done. Do you register 'Business Name" or company. If it's just business name, which is common with sole proprietorship (one-man business), you only need to pay the DA and perhaps, PAYE for your few workers. There is a condition to this, if you actually run your business like a company but used a business name to avoid paying CIT, FIRS may compel you to pay the CIT even without registering as a company. They have a way of knowing. Apart from that, just pay your DA, and in most cases, you are good to go. With 3 years consistent and full PIT (DA) payment, you can get your tax clearance certificate (TCC).


Oh, all right. Thanks. But shouldn't them just tell me how to pay online—and even hiding the process from me, but quite insisting I bring cash to them. I think that should be easy to do on common bank app...

Cos I'm not paying because the money is too much or I'm willing to waste... I'm doing it cos it's the right thing.

3 Likes

Re: How Do Freelancers Pay Tax? by anu3: 1:50pm On Dec 16, 2023
creativehubb:

Small businesses are exempted from taxes...those earning below 20million a year. Demand from politicians, keep your small change

Please can you quote where you got this officially. I think some payment platforms wouldn't agree with this...
Re: How Do Freelancers Pay Tax? by SenecaTheYonger: 1:50pm On Dec 16, 2023
anu3:
Hello, please could anyone with experience tell me how to full my duties to the government in terms of tax. I've never done it before.

And would I calculate it in dollars or naira; if dollars, will it be in official rate or parallel market rate.

If you know what's right, please let me know.

Thanks.

Mumu. Small money you just earn from online your prick don dey stand to pay tax.
Ode. What are you taxing freelancers for? Is their money coming from the government of this country?

If they born you wel, go and pay tax to the country you’re earning for, let see if your peanuts won’t disappear.

6 Likes 1 Share

Re: How Do Freelancers Pay Tax? by RepoMan007: 1:51pm On Dec 16, 2023
anu3:
Hello, please could anyone with experience tell me how to full my duties to the government in terms of tax. I've never done it before.

And would I calculate it in dollars or naira; if dollars, will it be in official rate or parallel market rate.

If you know what's right, please let me know.

Thanks.
you bring in forex. That's more than tax.

Stay calm.

2 Likes

Re: How Do Freelancers Pay Tax? by bellosulaiman(m): 1:54pm On Dec 16, 2023
anu3:
Hello, please could anyone with experience tell me how to full my duties to the government in terms of tax. I've never done it before.

And would I calculate it in dollars or naira; if dollars, will it be in official rate or parallel market rate.

If you know what's right, please let me know.

Thanks.
Hit me up and let us get you tax compliant.
Re: How Do Freelancers Pay Tax? by stagger: 1:57pm On Dec 16, 2023
anu3:


Please can you quote where you got this officially. I think some payment platforms wouldn't agree with this...

According to the 2022 Finance Act, businesses earning less than 25million naira annually are exempt from company tax. I don't know about PAYE.

1 Like

Re: How Do Freelancers Pay Tax? by anu3: 1:58pm On Dec 16, 2023
SenecaTheYonger:


Mumu. Small money you just earn from online... to pay tax.
Ode. What are you taxing freelancers for? Is their money coming from the government of this country?

If they born you wel, go and pay tax to the country you’re earning for, let see if your peanuts won’t disappear.

Friend, I've given my testimony a few times now. Doing right works for me, especially after I got changed by mercy.

If you and the government choose to do wrong it's your choice. But we must remember we shall individually reap what we sow...

God bless.

7 Likes

Re: How Do Freelancers Pay Tax? by anu3: 1:58pm On Dec 16, 2023
stagger:


According to the 2022 Finance Act, businesses earning less than 25million naira annually are exempt from company tax. I don't know about PAYE.

I see. Thanks.

1 Like

Re: How Do Freelancers Pay Tax? by anu3: 2:02pm On Dec 16, 2023
creativehubb:

Mumu senators use tax payers money to buy vehicle of N130million each...how much does your freelance make?

Keep your small money.

If you have time later, please read my replies above, and maybe you'll understand a bit. But if you still don't understand, no problem then.

God bless

2 Likes

Re: How Do Freelancers Pay Tax? by samuelson06(m): 2:08pm On Dec 16, 2023
anu3:


Yeah sis... Thanks for your reaching out.

An online employer once told me a tax number was a major requirement before I could start working with her, so I had to go and register and get TIN. Later turned the offer down due to some reasons.

I wouldn't have bothered at all, but you know I got strictly changed after secondary school about 13 years ago—of which I almost passed away.

So, owing to God's command I've embraced taxing whether I like it or not. They told me back then that I would have come by the end of the year as it's once in a year.

I think I'll still to go and ask them for clarifications...

You are probably sick. Go and buy problem for yourself. That's your business.

If you have TIN, what else do you want? Oh, you want them to give you an account you'll be making deposits every month? I'm suspecting you are trying to trigger the government to begin troubling freelancers. Go ahead. All the tax others have been paying, what are they using it to do?

6 Likes 1 Share

Re: How Do Freelancers Pay Tax? by Akano5(m): 2:08pm On Dec 16, 2023
@anu3
Before you pay the tax next year sir, can you help me with small amount sir, I want to add online stuff to my Microsoft knowledge and I need a HP laptop which is #78,000....

Anyone that can help me, things had been rowdy recently.. I can't afford it

Please anyone help me.
Re: How Do Freelancers Pay Tax? by creativehubb: 2:08pm On Dec 16, 2023
anu3:


If you have time later, please read my replies above, and maybe you'll understand a bit. But if you still don't understand, no problem then.

God bless
Bless you too, wish all Nigerians we're like you. Good luck great man.

1 Like

(1) (2) (3) (4) (5) (6) (Reply)

How To Get Your Dream Job In Nigeria: 10 Powerful Tips / P-YES Program Legit Or Scam? / Nnpc Test Update

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 53
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.