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Tax compliance pack for a sample SME (2026 rules)

The capstone project for Tax Assistant: Compute, File and Keep Nigerian Businesses Compliant (2026 Rules) — a free Finance course. Pass it and you earn a certificate anyone can verify.

Start the course free Download the project workbook

The project unlocks once you complete the lessons. The workbook is free to download now so you can see exactly what is expected.

What you will submit

One shared Google Sheet or Doc link containing: (1) the records checklist; (2) the PAYE computation per staff member with the monthly remittance total; (3) the month's VAT computation; (4) the WHT register; (5) the CIT and development levy computation with assessable and taxable profit shown separately; (6) Ngozi's PIT computation with WHT credits; and (7) the 12-month filing calendar and the client letter.

What to do, step by step

  1. Your client is GreenLeaf Foods Ltd (fictional), a Lagos food company with a December year-end, turnover of ₦180,000,000 and four staff who all live in Lagos: Amaka ₦300,000 a month, Emeka ₦180,000 a month, Bisi ₦120,000 a month and Uche ₦70,000 a month gross. Use only the 2026 rules taught in this course and show every working.
  2. Part 1. Tax ID and records: a checklist of the documents you would collect to onboard GreenLeaf (CAC documents, Tax ID verification, payroll, sales and purchase records, fixed asset register, bank statements), how you would file and name them, and how long they must be kept.
  3. Part 2. PAYE: assume basic + housing + transport is 60% of gross and basic is 40% of gross, and annual rents of ₦1,200,000, ₦600,000, ₦360,000 and ₦240,000 respectively. For each person, work out the rent relief (the LOWER of ₦500,000 or 20% of annual rent paid), pension at 8% of basic + housing + transport and NHF at 2.5% of basic, the chargeable income, and the tax applying the 2026 bands slice by slice. Show annual and monthly PAYE for each, the monthly total GreenLeaf remits to LIRS, and the due date. Treat the minimum-wage employee correctly. Do NOT use the Consolidated Relief Allowance anywhere: it was abolished on 1 January 2026.
  4. Part 3. VAT for one month: standard-rated sales of ₦12,400,000; VATable purchases of goods of ₦5,200,000; and ₦1,600,000 of professional services and equipment used for the business (all figures before VAT). Compute output VAT and recoverable input VAT at 7.5%, the net payable, to whom and by when, and say in one sentence why the VAT on the services and equipment is recoverable in 2026.
  5. Part 4. WHT register for the same month: GreenLeaf paid (a) a freelance designer, a resident individual, ₦400,000 for a branding job, and (b) a property company ₦2,400,000 rent for its warehouse. For each: the 2026 rate, the amount withheld, the amount the payee receives, the body it is remitted to and why, the due date, and the credit note the payee should receive.
  6. Part 5. CIT and the development levy for the year: profit before tax ₦18,000,000, disallowed expenses to add back ₦8,000,000, capital allowances ₦6,000,000. First show whether GreenLeaf is a small company. Then show assessable profit and taxable profit as separate labelled figures, apply the 4% levy and the 30% CIT to the correct base for each, give the total and the filing and payment deadline, and explain in one sentence why the two charges sit on different numbers.
  7. Part 6. Self-employed PIT: GreenLeaf's caterer, Ngozi (fictional, self-employed), had 2026 receipts of ₦6,500,000, allowable business expenses of ₦1,900,000, paid ₦1,500,000 rent on her home, and holds WHT credit notes of ₦150,000. Compute her chargeable income, her tax on the 2026 bands slice by slice, the balance she pays after WHT credits, where she files, on which form and by when.
  8. Part 7. A 12-month filing calendar for GreenLeaf's 2027 (every obligation: PAYE, VAT, WHT, the employer's annual return, CIT and the levy, with the body, the portal and the exact due date), and a one-page letter to GreenLeaf's owner summarising what is due, when, and anything you would escalate to a chartered tax practitioner.
  9. Put it all in one shared Google Sheet or Doc with clearly labelled sections, set link sharing to 'anyone with the link can view', and submit the link.

Files to work with

Project workbook (fill in, then submit)The whole brief, an evidence checklist, the grading rubric as a self-check and the link-sharing steps in one file. Opens in Word, Google Docs or WPS.Word · 8 KB

How it is graded

CriterionWeight
PAYE is correct under the 2026 rules: rent relief as the LOWER of ₦500,000 or 20% of rent, pension and NHF applied, bands applied slice by slice, the minimum-wage employee exempt, the right remittance body and date, and NO use of the abolished Consolidated Relief Allowance25%
VAT is correct: output and recoverable input VAT at 7.5%, including the services and equipment, the right net payable to the NRS by the 21st, and an accurate reason for the 2026 change13%
The WHT register is correct: 5% on the designer's professional fee remitted to the State IRS (individual payee) and 10% on the rent remitted to the NRS (company payee), with amounts withheld, net payments, due dates and credit notes12%
CIT and the levy are correct: the small-company test applied, assessable and taxable profit labelled separately, the 4% levy on ASSESSABLE profit and 30% CIT on TAXABLE profit, the right total and the six-month deadline18%
Ngozi's PIT is correct: rent relief, bands slice by slice (including the 18% slice), WHT credits deducted, and Form A to the State IRS by 31 March12%
The records checklist, filing calendar and client letter are complete, accurate and usable by a real client, with escalation points noted15%
Clarity and professionalism: labelled sections, workings shown, a working link5%

You need 65% overall to pass. A failed submission comes back with feedback and can be revised and resubmitted.

Before you submit: make your link public

If your work lives in Google Drive or Google Docs, open Share → General access and change “Restricted” to “Anyone with the link” (Viewer). Then paste the link into a private browser window: if it opens without sign-in, you are ready. A private link cannot be graded — it is the single most common reason a good project fails.

Frequently asked questions

Do I have to finish Tax Assistant: Compute, File and Keep Nigerian Businesses Compliant (2026 Rules) before submitting the project?

Yes. The submission screen opens once every lesson in Tax Assistant: Compute, File and Keep Nigerian Businesses Compliant (2026 Rules) is marked complete. The lessons are where the methods, the Nigerian context and the worked examples the project depends on are taught.

How is the project graded?

An examiner scores each rubric criterion from 0 to 100 and weights them as shown on this page; you need 65% overall to pass. Most submissions are graded within minutes and you get written feedback on what was strong and what to improve.

Can I resubmit if I fail?

Yes. A failed project comes back with feedback; revise the weak parts and resubmit. A passed project is final — the certificate is issued and cannot be re-rolled.

What do I actually submit?

A write-up of what you did (under 5,000 characters) plus a public link to your work — a Google Drive folder, Google Doc, spreadsheet, GitHub repository or video. The link must open without sign-in; a private link cannot be graded. The free project workbook on this page walks you through all 9 steps.

Is the certificate real?

Yes. Passing this project issues a certificate with a unique verification code. Anyone — an employer, a client, a school — can open the verification page and see that the certificate is genuine and which project earned it.

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Tax Assistant: Compute, File and Keep Nigerian Businesses Compliant (2026 Rules) is free and self-paced. Finish the lessons, complete this project, and the certificate is yours to share.

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