Tertiary education tax (EDT)

Requirement

In Nigeria, all companies that are liable to the companies income tax (CIT) are also liable to EDT. In other words, all companies that are registered or resident in Nigeria are liable to pay EDT. EDT is paid at the point of payment of the CIT or of the petroleum profits tax (PPT).

As part of the annual CIT self-assessment returns, taxable persons also compute and submit their EDT liabilities and make payments at the designated bank. This process is a part of the annual tax declaration.

M3 solution

This requirement is currently not supported by M3.

Configuration guidelines

Not applicable.