Introduction
Adebayo stared at his payslip in frustration. Month after month, he watched a substantial chunk of his ₦350,000 monthly salary disappear to PAYE tax. What he didn't know was that he was entitled to tax reliefs that could reduce his annual tax bill by over ₦200,000. Unfortunately, Adebayo's situation isn't unique—thousands of Nigerian taxpayers overpay because they're unaware of legitimate tax reliefs available to them.
The good news? Nigerian tax law provides several reliefs and allowances designed to reduce your taxable income. Whether you're a salary earner, self-employed professional, or business owner, understanding these reliefs is crucial to keeping more of your hard-earned money while staying fully compliant with FIRS regulations.
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