Freelancer Tax Estimate
📊 Freelancer Tax Estimate
Set aside the right amount for FIRS! 💼
Total income before any deductions
Equipment, software, internet, workspace, etc.
Usually 7-24% depending on income bracket
If you’re VAT-registered (usually 7.5%)
💰 Total Tax to Set Aside
₦0
For the year
📅 Quarterly Payment Plan
Set aside this amount every quarter:
Q1
₦0
Q2
₦0
Q3
₦0
Q4
₦0
Annual Income:
₦0
– Business Expenses:
₦0
= Taxable Income:
₦0
Income Tax:
₦0
VAT (if applicable):
₦0
TOTAL TAX:
₦0
💡 Tax-Smart Tips
✓ Keep receipts for ALL business expenses
✓ Open a separate “tax savings” account
✓ Set aside 0% of each payment immediately
✓ Consider hiring an accountant if earning ₦5M+
✓ File on time to avoid penalties (usually March/April)
✓ Open a separate “tax savings” account
✓ Set aside 0% of each payment immediately
✓ Consider hiring an accountant if earning ₦5M+
✓ File on time to avoid penalties (usually March/April)