Firs: Small Businesses Must Still File Full Tax Returns Despite Zero Tax From 2026
The Federal Inland Revenue Service (FIRS) has announced that beginning in 2026, small businesses will continue to complete full tax computations and file returns, even though they will not be required to pay income tax. Speaking during a webinar, FIRS Deputy Director Kehinde Kajesomo said the process will still involve calculating assessable profits, deducting capital…