As the country intensifies its drive for non-oil revenue, some resourceful citizens are already providing solutions to assist fellow Nigerians and their businesses overcome the challenges of tax compliance.
Courtesy of Vi-M Professional Solutions, you can now know all about your taxes, compute your Value Added Tax (VAT), Withholding Tax (WHT), run your payroll and compute Pay-As-You-Earn (PAYE) tax/pension deductions every month for free on www.vi-mtaxassist.com.
‘Tax Assist’ is part of the corporate social responsibility initiatives of Vi-M Professional Solutions.
Tax Assist is a web based software that not only calculates and helps remit taxes, but teaches and helps entrepreneurs find out how these taxes work; the very first of its kind in Nigeria. Reports of the calculated taxes are generated in the statutory tax filing formats to make it very much easier for the calculated taxes to be remitted. These reports can be archived for future downloads if the user so wishes. Tax registration, and other tax assistance can also be requested for by the user on the ‘Tax Assist’ platform.
To use Tax Assist, visit the URL- www.vi-mtaxassist.com, click the login/sign up button on the upper right corner of the page, register as an individual or organisation. Afterwards, confirm your email address from your email inbox and login again on the website to access the software. While logged in, new users with little or no tax knowledge can ask personalized questions or get one-on-one consultancy on their general tax concerns via the ‘Assist me’ and the ‘Feedback’ pages.
To complement this software, all the Nigerian tax related laws have also been compiled in an easy to read and navigate mobile app (although this comes with an affordable price tag). The name of the app is Tax Law Book, and is available for download from Google play. Users can search google play store for ‘Tax Law Book’ or simply copy this link to their browsers: play.google.com/store/apps/details?id=com.vi_m.tax
This app is also the first of its kind in Nigeria and can serve as an easy reference material in growing tax knowledge and in ascertaining whether any tax imposed on the user, as a taxpayer, is lawful or correct.
It is Vi-M’s sincere belief that these two unique innovations will help a lot of taxpayers, particularly SMEs, to navigate the challenging Nigerian tax terrain and the already intensifying efforts of the government to generate more revenue from taxes.
For further inquiries, please send email to firstname.lastname@example.org.