Pedabo Insights

Albert Folorunsho Pedabo Interview – September 21, 2016

Samuel Bamidele, Assistant Manager, Technical Unit Head at Pedabo recently caught up with Mr. Albert Folorunsho (popularly known as Omowe) , Managing Consultant, Pedabo on taxation of real estate and related activities in Nigeria. Mr Folorunsho also touched on the recent reversal of the WHT rate to 5% for construction and related services by the […]

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Pedabo is a fully indigenous firm of Management Consultants providing independent and specialist support in management, financial and tax consulting services to both government and private organizations.

Pedabo is an independent member of Morison International (MI), a global association of leading professional service firms, established to meet the cross-border accounting, auditing, tax and business consulting needs of clients. MI has 90 member firms, in 65 countries, with 251 offices representing over 8,744 professional staff and over US$700 million in revenue.

Morison International (MI) and KS International (KSi) have recently merged to form a US$1 billion strong international association to be known as Morison KSi. The merger will result in Morison KSi having 1,201 partners, 8,990 professional staff, and 375 offices in 88 countries. This is effective April 2016.

Member firms offer a wide range of business services. Core services include audit, accounting, tax and legal with complementary specialism in consulting and corporate finance.

Nigerian PAYE Calculator


payeeFree Nigerian Payroll Tax Calculation Template

To assist you to calculate your monthly Tax payable based on the “new” Nigerian – Personal Income Tax Amendment Act 2011, we are pleased to offer below a tax calculation template.

Note: In arriving at the Taxable amount, the following assumptions have been made:

  • Gross Taxable Income is your total earning taxable under the law – all Payroll earnings are taxable.
  • You must provide your monthly Pay information.
  • The tax amount calculated is for a month.
  • This free income tax calculation template is only a guide. There are other provisions in the tax law whose interpretation may grossly impart the final tax amount.
  • For assistance you may email us at –


Free Accounting Resource

accountingAccountants and finance managers need to be constantly up to date on relevant regulations guiding business services, transactions, strategies, operational efficiencies and strategic risk management that help organizations achieve sustainable growth.

Download our free accounting resources on current regulations:

Transfer Pricing Implementation

UN Model DTA Treaty .pdf

OECD Transfer Pricing Guide for MNEs .pdf

UN Manual on Transfer Pricing for Developing Countries .pdf

OECD TP Guide for MNEs .pdf




FRC releases National Code of Corporate Governance

In accordance with Section 50 of the Financial Reporting Council of Nigeria Act, 2011, which among other things requires the Directorate of Corporate Governance to develop the principles and practices of Corporate Governance applicable in Nigeria, the Council hereby releases the National Code of Corporate Governance effective 17th October 2016. Details are as hereunder: The […]

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The move by the Federal Inland Revenue Service (FIRS) to waive penalties and interests due on tax payments during a 45-day window is laudable as it has the potential to aid government revenue generating efforts and ease the tax burden on taxpayers who are willing to regularise their files with the tax authority. However, some […]

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