FIRS Compliance Statement
Last Updated: November 8, 2025
Table of Contents
Our Commitment to FIRS Compliance
Veritaxed is committed to supporting Nigerian taxpayers in maintaining compliance with the Federal Inland Revenue Service (FIRS) regulations. We take our responsibility seriously to provide accurate, up-to-date tax information that aligns with Nigerian tax law.
Our platform is designed as an educational and tracking tool to help freelancers, small business owners, and individual taxpayers understand their tax obligations under the 2026 Nigerian Tax Reform.
Tax Calculations & 2026 Reform
Official FIRS Tax Brackets
All tax calculations performed by Veritaxed use the official 2026 FIRS tax brackets and rates as published by the Federal Inland Revenue Service. This includes:
- PAYE (Pay As You Earn) progressive tax rates
- Value Added Tax (VAT) at 7.5%
- ₦800,000 annual exemption threshold for individual workers
- ₦100,000,000 revenue exemption for small businesses
- Company Income Tax (CIT) rates for registered businesses
We regularly update our calculation engine to reflect any amendments or clarifications issued by FIRS to ensure accuracy and compliance.
Scope of Service
Veritaxed provides the following services:
- Tax Calculation Tools: Estimate tax liabilities based on your income
- VAT Checker: Identify VAT-exempt products and services
- Income Tracking: Monitor earnings from multiple sources (freelance, crypto, business)
- Tax Education: 100+ lessons on Nigerian tax law in English & Pidgin
- Compliance Alerts: Notifications when approaching tax thresholds
- Record Keeping: Organize financial documents for tax purposes
User Responsibilities
Important: You are responsible for:
- Filing your own tax returns with FIRS through official channels (TaxPro-Max, FIRS offices, or authorized agents)
- Verifying all calculations before submitting to FIRS
- Maintaining accurate records of all income and expenses
- Meeting all FIRS deadlines for tax payments and return submissions
- Registering for a TIN (Tax Identification Number) when required
- Ensuring compliance with all applicable Nigerian tax laws
Important Disclaimers
Veritaxed does NOT:
- File tax returns on your behalf with FIRS
- Represent you in communications with FIRS
- Provide certified tax professional services
- Guarantee the accuracy of any calculations (estimates only)
- Serve as a substitute for professional tax advice
- Act as a registered tax agent or consultant
Educational Purpose: Veritaxed is an educational and organizational tool designed to help you understand your tax obligations. It is not a replacement for professional tax services or official FIRS guidance.
Data Privacy & NDPA 2023 Compliance
Veritaxed is committed to protecting your personal and financial data in accordance with the Nigeria Data Protection Act (NDPA) 2023.
Data Protection Measures:
- End-to-end encryption for all financial data
- Secure cloud storage with regular backups
- No sharing of personal data with third parties without consent
- Compliance with NDPA 2023 data processing principles
- Right to access, correct, or delete your data at any time
We do not share your tax information with FIRS or any government agency. You maintain full control over how and when your data is used.
When to Seek Professional Tax Advice
While Veritaxed provides valuable tools and education, we strongly recommend consulting with a certified tax professional or chartered accountant for:
- Complex business structures or corporate tax matters
- Tax disputes or audits with FIRS
- International income or cross-border transactions
- Business registration and incorporation
- Tax planning and optimization strategies
- Filing returns for the first time
- Any situation where you're unsure about your obligations
Recommended Resources:
- • Institute of Chartered Accountants of Nigeria (ICAN)
- • Chartered Institute of Taxation of Nigeria (CITN)
- • Licensed tax consultants and advisors
Contact Information
FIRS Official Resources
FIRS Website: www.firs.gov.ng
TaxPro-Max Portal: Official e-filing platform
FIRS Contact Center: 0700 CALL FIRS
Our Commitment to You
Veritaxed is dedicated to helping Nigerian taxpayers stay informed and organized. We continuously update our platform to reflect the latest FIRS regulations and provide the most accurate information possible.
However, please remember that while we provide tools and education, the ultimate responsibility for tax compliance rests with you, the taxpayer. When in doubt, always consult with FIRS directly or seek professional tax advice.