Introduction
Chioma just landed her first corporate job in Lagos with a monthly salary of ₦250,000. When she received her first payslip, she noticed a deduction labeled "PAYE" for ₦32,142. Confused and slightly panicked, she wondered: Is this legal? Am I paying too much? Do I need to do anything else?
Meanwhile, her friend Adebayo recently registered his graphic design business. He keeps hearing about TIN, VAT, withholding tax, and multiple tax authorities. He's overwhelmed and worried about making mistakes that could cost him heavily.
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