Mubarak, Hamza And Associates.

11/01/2026

11/12/2025

29/11/2025

How Smart Nigerians Legally Pay Less Tax

1. Take Advantage of Tax Exemptions

Certain incomes and entities enjoy tax exemptions under Nigerian tax laws, such as:
• Small businesses with turnover below a specific threshold
• Approved pension contributions
• Cooperative societies
• Some agricultural activities

2. Claim All Allowable Deductions

Reduce taxable income by claiming deductions for:
• Pension contributions
• National Housing Fund (NHF)
• National Health Insurance contributions
• Life assurance premiums

These deductions lower your assessable income and reduce your tax payable.

3. Structure Your Business Properly

Your business structure influences tax obligations:
• Sole proprietors pay Personal Income Tax
• Limited liability companies pay Companies Income Tax
• SMEs with turnover under specific limits may pay reduced or zero CIT if they qualify

Choosing the right structure can reduce tax exposure.

4. Take Advantage of Government Incentives

The Nigerian government offers incentives for certain sectors:
• Pioneer status incentives (0% tax for up to 5 years)
• Tax holidays for startups in key industries
• Export incentives
• Agricultural incentives
• Free Trade Zone benefits (companies in FTZs can be exempted from federal, state, and local taxes)

5. Keep Proper Records

Accurate accounting allows you to:
• Track deductible expenses
• Justify claims during audits
• Avoid penalties for non-compliance

6. Consult a Tax Professional

Tax laws change frequently. A licensed tax practitioner can help ensure:
• Compliance
• Optimal structuring
• Eligibility for reliefs and incentives

05/11/2025

Taqaitacciyar Nasiha ✨

🕊️ Ka kasance mai gaskiya a kowane hali.
Gaskiya tana kare mutum daga zalunci, tana kawo zaman lafiya, kuma tana jawo amincewar Allah da mutane.
Manzon Allah ﷺ ya ce “Ku kasance masu gaskiya, domin gaskiya tana kaiwa zuwa ga alheri, alheri kuma yana kaiwa Aljannah.”
(Bukhari da Muslim)

💁Nasiha: Ka guji karya, ka yi gaskiya da zuciya ɗaya — domin ita ce ginshiƙin nagarta da nasara a duniya da Lahira.

29/10/2025

"Love and generosity are the hallmarks of Godly leadership." - Wale Marcus.

04/06/2025

📌📌📌