How to pay vat on taxpromax
WebOct 19, 2024 · All companies must file their VAT returns on or before the 21st day of the following month. The provisions of the Finance Act of 2024 allow the Federal Inland Revenue Service (FIRS) to automate the filing and payment of tax returns, and as a result, the FIRS has launched the TaxProMax application. Webii. From the dashboard click on “Assessment” iii. Select the Tax type iv. Insert the Assessment period as appropriate v. Click on “Process” then click on “Confirm” vi. Return …
How to pay vat on taxpromax
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WebJun 30, 2024 · There is a new feature that enables a taxpayer to pay tax in advance pending an assessment. FIRS granted the additional time to ease the transition from manual filing to an e-filing system. Taxpayers must file returns using the TaxProMax platform. FIRS has a dedicated support team to assist taxpayers with the e-filing of returns. WebOct 12, 2024 · Below is a simple step-by-step procedure to register on TaxProMax: Go to TaxPro-Max Click Register Choose Registration Source (Corporate, State Incorporations, Individuals) Enter Identification Details For Corporates, choose the entity type and enter RC/BN/IT number and click search
WebApr 14, 2024 · According to the Kenya Revenue Authority (KRA) Act, companies are required to make their VAT payments on or before the 20th day of the following month. This includes both the returns and payment. VAT returns are submitted online via iTax. This remittance is due Thursday next week and with the next day likely to be Idd-il-Fitr, there is pressure ... WebJun 5, 2024 · They may be reached via email, [email protected].” Bottom line The introduction of the online platform will help ease the burden on taxpayers in the filing, registration and payment of taxes to FIRS. The successful implementation of the initiative by FIRS will also help make tax administration and collection more effective and efficient.
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WebSep 1, 2024 · In this article, I’ll show you how to pay your VAT online in Nigeria and also at the bank if you prefer. Step-by-Step Guide to Pay Your VAT Online in Nigeria. The law …
WebJul 1, 2024 · The TaxProMax has been upgraded as follows: a. Payment on Accounts: The upgrade enables taxpayers to make payment on account i.e. pay tax on account pending an assessment. The system will apply ... geothermal supply houseWebTaxpro-max Manuals. Taxpayer CIT Userguide. Taxpayer Userguide for VAT filing and payment. Taxpayer Update Form. geothermal surveyWebJun 25, 2024 · Once you are fine with the VAT amount, you can proceed to submit it. After submission, click on "pay" to generate your payment reference number which is the same … geothermal swamp coolerWebProcedure: Monthly filing is to be done online on the FIRS Tax Pro Max platform. Provide the schedule of vatable income for the period, upload and file before the due date. Upon provision of the schedule, a payment reference code is generated on the FIRS tax promax platform and this code expires by 11:59pm of the same day. geothermal supply louisville kentuckyWebMay 4, 2024 · Taxes Due. After logging in to the home page, click on “Taxes Due” and then select the Tax type. Under the Action column, click on “Process” to initiate the process. Complete the schedules (if any) such as sales adjustment, exempt and zero-rated goods … geothermal symposiumWebFaculty for Undergraduates. K. Kemisola1 year ago. The Federal Inland Revenue Service (FIRS), recently introduced a Tax Administration Solution (TaxPro-Max) for the ease of … geothermal symposium 2022Web6 hours ago · The Composition Levy Scheme allows taxpayers whose total turnover in the previous financial year was less than Rs 50 lakh are voluntarily agreeing to pay a fixed percentage of their annual turnover as tax to the government. christian wahl