Tax Reports & Analytics¶
Last reviewed: 2026-03-31 · Nnamdi
Status: Complete
Route: /tax/reports
1. What is it?¶
Tax Reports & Analytics is a consolidated dashboard that shows a business's entire tax position for a selected fiscal year. It aggregates all five major tax types — VAT, WHT, CIT, PAYE, and CGT — into a single view with a compliance status for each, an overall liability/paid/outstanding KPI strip, a monthly payments chart, and a tax distribution breakdown. It also surfaces WHT credit alerts when the business has receivable credits to claim. This is the place to get a holistic picture of the business's tax obligations before a period-end review or tax filing.
2. How does it work in Finora?¶
2.1 The Tax Reports & Analytics page (/tax/reports)¶
Header: - Heading: "Tax Reports & Analytics" - Subtitle: "Comprehensive overview of all tax obligations and payments" - Year selector — 2024 / 2025 / 2026 [defaults to current year] - Export Report button — downloads the tax report for the selected year
2.2 KPI summary strip¶
Four headline figures for the selected year:
| Metric | Value (test business, 2026) |
|---|---|
| Total Tax Liability | ₦70,267.99 |
| Total Paid | ₦0.00 (0.0% paid) |
| Outstanding | ₦70,267.99 (100.0% pending) |
| Compliance Rate | 0.0% |
The test business has no tax payments recorded — all liability is outstanding. For a healthy active business, Compliance Rate should approach 100% as returns are filed and payments made.
2.3 WHT Credit alert¶
When customers have withheld more WHT from the business's invoices than the business has withheld from its suppliers, an alert appears:
"WHT Credit: ₦12,500.00 — You have WHT credits from customer deductions. This can be offset against future WHT liabilities or claimed as a refund from NRS (Formerly FIRS)."
This is a receivable — money the business can claim back from NRS. See the WHT Certificates and WHT Returns pages for how to action this.
2.4 Tax Obligations by Type¶
Each of the five tax types shows a status card:
| Tax | Status (test business, 2026) | Notes |
|---|---|---|
| VAT | Compliant | Small business: VAT collection not required (NTAA 2025 §147) |
| WHT | Credit (Receivable) | ₦12,500 credit from customer WHT deductions; claimable from NRS |
| CIT | Compliant | Small company: CIT exempt (NTA 2025 §56) |
| PAYE | Overdue | Payroll run processed but PAYE not yet remitted to SIRS |
| CGT | Compliant | Small company: CGT exempt (NTA 2025 §56) |
Status labels explained:
| Status | Meaning |
|---|---|
| Compliant | No obligation or obligation has been met |
| Overdue | Obligation exists and deadline has passed without payment/filing |
| Credit (Receivable) | Business has a credit to claim — no payment due |
| Pending | Obligation exists; deadline has not yet passed |
2.5 Monthly Tax Payments chart¶
A bar chart showing tax payments (or obligations) by month across the selected year. Each bar can be broken down by tax type: VAT, WHT, CIT, PAYE, CGT.
- Y-axis: Amount in naira (negative values indicate WHT credits — money receivable rather than payable)
- X-axis: Month (Jan–Dec)
- Legend: VAT / WHT / CIT / PAYE / CGT — toggle each type for a focused view
WHT credit amounts appear as negative values on the chart (below the zero line) because they represent money owed TO the business, not BY the business.
2.6 Tax Distribution by Type chart¶
A pie/donut chart showing what percentage of the total tax liability is attributable to each tax type.
Test business (2026): - PAYE: 100% — the entire ₦70,267.99 liability is PAYE (salaries have been paid but PAYE not remitted)
For a typical Nigerian business with VAT obligations and mix of taxes, this chart shows the proportional tax burden across all types.
3. Business rules & constraints¶
| Rule | Detail |
|---|---|
| Year selector | Reports cover 2024, 2025, 2026 — historical years available |
| Real-time data | Compliance status updates as returns are filed and payments are recorded |
| WHT Credit is a receivable | A WHT Credit means the business should claim a refund or offset, not that it owes money |
| PAYE overdue triggers an action item | Overdue PAYE should be resolved urgently — penalties accrue from the 10th of the month following the payroll period |
| Export Report | Downloads the full tax report — useful for external accountants or tax advisers |
| Compliance Rate = % of obligations met | A 0% compliance rate in the test business means no returns have been filed or payments made for 2026 |
4. Nigerian regulatory context¶
VAT (Value Added Tax)¶
- Rate: 7.5% (unchanged under NTA 2025)
- Small businesses (< ₦100M turnover): exempt from VAT registration (NTAA 2025 §147)
- VAT-registered businesses: monthly return due 21st of following month
WHT (Withholding Tax)¶
- Deducted at source by the paying party; rates: 10% on professional fees (5% for startups), 5% on rent/dividends (varies), 10% on contractor payments
- WHT Credits: When customers deduct WHT from invoices, the business accumulates credits against its own WHT obligations — excess can be claimed as refund from NRS
- Monthly remittance and schedule to NRS by 21st of following month
CIT (Company Income Tax)¶
- 25% standard rate (YoA 2026 under NTA 2025)
- Small companies (< ₦50M turnover): 0% (NTA 2025 §56)
- Annual filing; due 6 months after fiscal year end
PAYE (Pay As You Earn)¶
- Withheld from employee salaries monthly; remitted to SIRS
- Due: 10th of the following month
- Failure to remit is an offence under the Personal Income Tax Act — both the company and directors can be held liable
- Rates: graduated bands (0% on first ₦300K annually, rising to 24% on income above ₦3.2M annually — new NTA 2025 bands)
CGT (Capital Gains Tax)¶
- 25% on chargeable gains (NTA 2025)
- Small companies exempt (NTA 2025 §56)
- Triggered on disposal of chargeable assets — most SMEs will rarely have CGT obligations unless they sell property or investments
5. Common customer questions¶
Q: "My compliance rate is 0%. What does that mean?"
It means no tax returns have been filed or payments recorded for this year. Check the Tax Obligations cards — any showing "Overdue" need immediate attention. If your business is exempt (small company) or VAT-not-required, those will show as Compliant at 0% — the compliance rate only counts obligations that actually exist.
Q: "What is a WHT Credit and how do I claim it?"
A WHT Credit means customers deducted Withholding Tax when paying your invoices — this money was sent to NRS on your behalf. You can claim it back as a refund from NRS or offset it against your own WHT obligations. See the WHT Certificates page to view your specific credit certificates, and the WHT Returns page to apply the credits.
Q: "PAYE shows Overdue. What should I do?"
PAYE must be remitted to your State Internal Revenue Service (SIRS) by the 10th of the month following the payroll period. If it's overdue, remit immediately to minimise penalties. Use the PAYE Returns page to generate the schedule, or use Filing Services to have Finora file on your behalf.
Q: "I'm a small company (under ₦50M turnover). Why is there any tax liability at all?"
Small companies are exempt from CIT, CGT, and Development Levy — and exempt from VAT registration. However, small companies must still withhold and remit PAYE on employees' salaries. PAYE is a personal income tax obligation on employees — the company is the collection agent. Being a small company doesn't exempt you from PAYE.
6. Known edge cases¶
PAYE overdue on a small company that is otherwise "Compliant"¶
The test business shows CIT/VAT/CGT as Compliant (exempt) but PAYE as Overdue. This is the correct situation for a small company with employees — all other taxes are exempt but PAYE obligations remain. This combination may confuse customers who assume "small company = no tax."
WHT Credit appearing as negative on monthly chart¶
WHT credits display as negative bars on the monthly chart. This is correct and intentional — credits represent money receivable. It is not an error.
Compliance Rate ignores exempt obligations¶
The Compliance Rate calculation reflects only active obligations. If a business is fully exempt (0 obligations), the rate may show 0% rather than 100% — this is a display quirk and does not indicate non-compliance.
7. Escalation trigger¶
Escalate to Tier 3 (Founder) if: - Total Tax Liability figure doesn't match the business's known payroll/tax data - WHT Credit shown is incorrect or doesn't match WHT Certificates
Escalate to Tier 2 (Support Lead) if: - Business wants to claim a WHT refund from NRS — guide the process - Business needs to understand their PAYE overdue situation and how to calculate penalties - Business is confused about why they have PAYE obligations despite being a small company
8. Last reviewed¶
2026-03-31 — Nnamdi. Verified against production. Tax Reports & Analytics for COA Test School Academy, Year 2026: Total Tax Liability ₦70,267.99 / Total Paid ₦0 / Outstanding ₦70,267.99 / Compliance Rate 0.0%. WHT Credit alert: ₦12,500.00. Tax Obligations: VAT Compliant / WHT Credit (Receivable) / CIT Compliant / PAYE Overdue / CGT Compliant. Monthly Tax Payments chart (Jan–Dec, ₦-25K to ₦75K range, 5 tax types). Tax Distribution: PAYE 100%. Export Report button confirmed. Year selector 2024/2025/2026 confirmed.