Have questions?
Let's do our best to answer your most frequently asked questions.
- National Housing Fund Contribution
- National Health Insurance Scheme
- Life Assurance Premium
- National Pension Scheme
- Gratuities
- First N300,000 @7%
- Next N300,000 @ 11%
- Next N500,000 @ 15%
- Next N500,000 @19%
- Next N1,600,000 @ 21%
- Above N3, 200,000 @ 24%.
- Login to https://selfportal.imostate.tax
- Sign up with your email or phone number
- Fill the form and submit
- Verify your account with the code sent to your email or phone number you provided
- Fill in other details and make proceed to Biometric facial capture
- Your taxpayer id would be created and sent to you via e-mail and smss
What is Personal Income Tax?
It is a tax levied on all incomes of an individual in employment or business. All employers of labour are expected to deduct taxes from their employees and remit same to the tax authority on a monthly basis, while persons in business are expected to file their annual returns and pay accordingly.
Who should pay personal Income Tax?
Any person who earns income in the form of salary, wage, fee, allowance or other gains or profit from employment including compensations, bonuses, premiums, benefits or other perquisites allowed, given or granted by any person to any temporary or permanent employee other than so much of any sums as or expenses incurred by him in the performance of his duties, and from which it is not intended that the employee should make any profit or gain.
Are Temporary or Casual Workers meant to pay tax?
Yes. The Personal Income Tax (Amendment) Act, 2011 combined with the provisions of S.3 (1)(b) and S.3(1)(b)(i) particularly defining the taxpaying employee as either a temporary or permanent employee.