Introducing Tax Management in Aibiz - a smarter way to monitor tax obligations, record payments, and keep your business compliant and organised throughout the year
Tax Season Doesn't Have to Be Stressful
It was the end of the month, and Tunde, a small business owner in Lagos, received a call from his accountant.
"How much VAT do we owe this period?"
What seemed like a simple question quickly turned into hours of digging through invoices, spreadsheets, and payment records.
For many Nigerian businesses, tax management becomes a last-minute exercise. Yet staying on top of obligations such as VAT, Company Income Tax, and PAYE is critical for compliance and financial health. According to the Federal Inland Revenue Service (FIRS), businesses are expected to accurately track and remit applicable taxes within the required timelines (https://www.firs.gov.ng).
To help businesses stay organised, Aibiz now includes a new Tax Management module.
Stay on Top of Tax Obligations
The Tax Obligations section gives you visibility into taxes relevant to your business setup, including:
VAT obligations
Income tax obligations
PAYE and payroll-related taxes
Custom tax periods where applicable
Instead of waiting until filing time, you can see what is due and track obligations as your business operates.
This is especially important as VAT compliance remains one of the key responsibilities for Nigerian businesses registered for VAT (https://stripe.com/resources/more/nigeria-vat-rate-explained).
Record Tax Payments with Confidence
Making a tax payment is only part of the process. Keeping accurate records is equally important.
With Tax Settlements, you can:
Record payments made to tax authorities
Review obligation details before settlement
Ensure payments are applied to the correct tax period
Maintain accurate liability records
This helps prevent overstated tax balances and keeps your financial reports aligned with actual payments.
Built for Growing Businesses
As businesses grow, managing taxes manually becomes increasingly difficult. The new Tax Management module in Aibiz helps you keep tax obligations, settlements, and records in one place, giving you better visibility and greater confidence when tax deadlines arrive.
Because tax management shouldn't begin when the deadline is near - it should be part of your everyday business operations.