Webb18 feb. 2024 · The Personal Income Tax Act 2011 as amended (PITAM) provides that an individual, resident in Nigeria is taxable on his worldwide income. This indicates that the income distributed to a Nigerian-resident Settlor or a … Webb13 juni 2024 · The extant literature reviewed the following findings: (i) that the Personal Income Tax Amendment Act 2011 affected the tax payer's revenue generation due to …
Personal Income Tax (PIT) – FIRS
WebbPersonal Income Tax (PIT) is a levy imposed by the federal or state government of Nigeria, on the income of certain individuals such as employees, partners in partnership, families or communities, which they are liable to pay to the relevant federal or state agencies where they reside in Nigeria. WebbPERSONAL INCOME TAX ACT An Act to impose income tax on individuals, communities and families and on executors and trustees; and to provide for the … oregano oil for gum infection
Assessing Personal Income Tax Amendment Act 2011: Effects on …
Webb30 apr. 2024 · The Personal Income Tax (Amendment) Act 2011 (PITAM) provides for the taxation of gains or profit from any trade, business, profession or vocation, any salary, wage, fee, allowance or other gain or profit from employment including compensations, bonuses, premiums, dividend, interest or discount, any pension, charge or annuity. Webb3 okt. 2012 · Subsequently, the Personal Income Tax Amendment Act 2011 ("PITA Amendment") was gazetted in January 2012 but effective from 14 July 2011. The PITA Amendment provided the required legal backing to the waiver for persons (essentially individuals) liable to tax under PITA only. WebbThis paper critically reviews the implications of Nigeria Personal Income Tax (Amendment) Act 2011 as they affect personal income tax administration in the hands … oregano oil for bladder infection