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Enterprise Bookkeeping, Payroll & Compliance
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Portal Filing Guide
Personal Tax
PAYE & Individual Direct Assessment
2026 Policy Logic
Includes automated CRA + Targeted Rent Relief. Note: Rent relief is 20% of rent paid, strictly capped at ₦500,000 per annum.
Calculations are based on progressive PAYE tax slabs (7% to 24%).
Corporate Tax
Company Profit Assessment & Deductions
Businesses with turnover < ₦50m are CIT exempt but liable for the 4% Development Levy on profits.
VAT Engine
Consumption Tax Collector (10%)
2026 Rule: You can now recover VAT paid on services and equipment!
The 2026 NRS Standard sets VAT at **10%**. Basic food items, medical supplies, and books remain in the zero-rated/exempt category.
Withholding Tax
WHT is an advance payment of income tax. Always collect your Credit Notes from the vendor after deduction.
Transfer Levy (EMTL)
A fixed levy of ₦50 applies to all electronic transfers of ₦10,000 and above into your accounts.
Revenue
Daily Income & Sales Records
Cumulative
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Expenses
Operational Spend & Overheads
Total Burn
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Invoicing
Professional Document Builder
FINANCESUITE
Premium Digital Services
INVOICE
DATE: --/--/----
BILLED TO
Client Name
DESCRIPTION
Service or Project DetailSUBTOTAL
₦0.00TOTAL AMOUNT DUE
₦0.00
PAYMENT NOTES & TERMS
Please provide payment within the stipulated timeframe mentioned in your service agreement.
Payroll Management
FINANCESUITE
JANUARY 2026
PAYSLIP REF: #PAY-7721
EMPLOYEE DETAILS
Staff Member
Role / Designation
Earnings Breakdown
Statutory Deductions
Financial Statements
BUSINESS ENTITY NAME
Statement of Profit or Loss
FOR THE FINANCIAL PERIOD ENDED 31ST DEC 2026
| Revenue / Total Turnover | 0.00 |
| GROSS PROFIT | 0.00 |
| Operating Overheads | |
| Administrative Costs | 0.00 |
| Direct Operating Expenses | 0.00 |
| Total Operating Expenditure | (0.00) |
| PROFIT BEFORE TAXATION (PBT) | 0.00 |
| Tax Provision / Development Levy | (0.00) |
| NET PROFIT AFTER TAX | ₦0.00 |
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2026 Nigerian Tax Compliance & App Guide
Under the current Finance Act logic, individuals earning a Gross Annual Income of **₦800,000 or less** are fully exempt from PAYE/Personal Income Tax. This app automatically detects this threshold based on your input.
You can verify or generate your TIN via the **NRS TaxProMax** portal using your NIN (for individuals) or CAC registration number (for businesses). FinanceSuite’s "Filing Hub" provides direct links to these portals.
For 2026, the NRS has automated penalties. Late CIT filing starts at **₦50,000** for the first month and **₦25,000** for subsequent months. Late VAT/WHT filing attracts a **₦20,000** monthly penalty.
Yes, if you are resident in Nigeria, your worldwide income is taxable. Use the "Revenue Ledger" to track USD earnings at the official CBN rate for that day to ensure accurate PIT calculation.
Yes! Under the current Act, premiums paid for Life Insurance or deferred annuities are **100% tax-deductible**. Ensure you log these under "Other Reliefs" in the Personal Tax section.
Currently, FinanceSuite optimizes for one entity at a time. To manage a different business, use the "Backup Records" feature to save your data, then "Clear Records" to start fresh for a new entity.
Yes. FinanceSuite uses **Local-First architecture**, meaning your data never leaves your device unless you choose to "Sync" or "Backup." No third party can access your records without your permission.
FinanceSuite generates PDF invoices that meet the standard visual requirements. For Large Taxpayers (over ₦5bn turnover) requiring direct API connection to MBS, please contact the developer for a custom Enterprise upgrade.
Absolutely! Our "Financial Statements" module generates a professional P&L report. Simply export it as a PDF and present it as part of your management accounts for credit assessments.
Most core features (Calculations, Ledgers, Invoicing) work **completely offline**. You only need internet to download external libraries (like PDF generators) for the first time or to use the "Share via WhatsApp" feature.
Go to **Settings (Profile Icon)** and click on "Corporate Logo." Once you upload your logo, it will automatically appear on all generated Invoices, Payslips, and Financial Statements.
Rent relief is a statutory deduction allowed before tax calculation. You can deduct **20% of the actual rent paid**, but this deduction is strictly capped at a maximum of **₦500,000 per annum**.
Small businesses with an annual turnover of **less than ₦50 Million** are charged 0% CIT. However, they are still required to pay the **4% Consolidated Development Levy** on their assessable profits.
• **10th of every month:** Deadline for PAYE (Personal Income Tax) remittances.
• **21st of every month:** Deadline for VAT (Value Added Tax) and Withholding Tax (WHT) filings.
Yes, for the 2026 fiscal year, the standard VAT rate is **10%**. Some essential goods (medical, basic food) remain zero-rated or exempt, which you can select in the VAT Engine.