Pay As You Earn (PAYE) vs Direct Assessment Tax in Nigeria

Pay As You Earn (PAYE) vs Direct Assessment Tax in Nigeria

Tax is imposed on persons either in employment or is running their small businesses under a business name or partnership. PAYE and Direct Assessment are ways of assessing individuals to tax in Nigeria.  The Personal Income Tax Act (Cap P8 LFN 2004) is the legislation guiding the taxation of personal income in Nigeria. Under the …

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