Taxes and Taxation

Taxes/Levies Collectible by State Governments

1. Personal income tax:
   • Pay-As-You-Earn (PAYE);
   • Direct (self and government) assessment;
   • Withholding tax (individuals only);
2. Capital gains tax;
3. Stamp duties (instruments executed by individuals); Pools betting, lotteries, gaming and casino taxes;
4. Road taxes;
5. Business premises registration and renewal levy;
   • urban areas (as defined by each state): maximum of N 10,000 for registration and N5 ,000 for the renewal per annum
   • rural areas
   • registration N2,000 per annum
   • renewal N 1,000 per annum
6. Development levy (individuals only) not more than N100 per annum on all taxable individuals;
7. Naming of street registration fee in state capitals
8. Right of occupancy fees in state capitals;
9. Rates in markets where state finances are involved.