Tax · 5 min read
VAT, TIN & Tax Compliance for Nigerian SMEs (2026 Guide)
₦25M turnover threshold, monthly VAT filings, withholding tax credits - here's the SME tax setup that keeps FIRS happy and your bank account open.
Most Nigerian founders ignore tax until FIRS sends a notice. By then, penalties have already piled up. The 2026 rules are simple - but only if you set them up correctly from day one.
What every CAC entity needs
- Activated TIN (FIRS) - auto-issued at CAC, but must be claimed
- VAT registration once turnover crosses ₦25M annually
- Company income tax filing (annual) - even at zero profit
- Withholding tax remittance on contractor payments
- PAYE for any employee on salary
Common SME mistakes
- Treating TIN as 'just a number' - never logging into TaxPro Max
- Crossing ₦25M without registering for VAT (FIRS audits the bank trail)
- Not filing annual returns at FIRS because there were 'no profits'
- Failing to remit WHT on consultant invoices
How AMG sets it up cleanly
We activate TIN, register VAT when you cross the threshold, and connect you with a bookkeeper so FIRS notices never land. Done-For-You or Do-It-Yourself - AMG handles or guides every step. Call/WhatsApp 07038857441, 08103483669, 08158014880 or email growwithaccolade@gmail.com / theaccoladesmedia@gmail.com. Join the WhatsApp Channel: https://whatsapp.com/channel/0029VbBpOtL4IBhKWQtHSs3Z. Fees and timelines update through 2026 - confirm the latest with an AMG agent before paying.