Managing Outsourced Payrolls in United Arab Emirates
Managing Payroll in Nigeria
Nigeria now has the largest economy in the continent of Africa. With 212 million people, and projected to overtake the USA in terms of population by 2050 this vibrant, frenetic nation is certainly a tempting market. Rich in oil and gas, and with a rapidly growing middle class there are plenty of reasons for your company to be present in Nigeria. If you employ people there you will have to run a local payroll. Outsourcing the payroll function may seem the best solution, but the company remains legally liable for any mistakes the outsource partner may make. It is therefore important that the end client is aware of what the major tasks are the outsourcer performs on their behalf, the key deadlines that they need to sign off, and how to interpret key reports and payslip information. This half day course focuses on the major payroll rules in Nigeria.
Attendees will be able to accurately follow a simple pay calculation, and should be able to identify all of the key items on a payslip. You will also be able to:
The course will cover the following points:
- Business customs and etiquette
- Payroll consideration within the ECOWAS trading bloc
- Federal and State Inland Revenue Services
- Registering as an employer
- Nigerian tax residency
- Special rules for oil and gas workers
- Tax legislation
- TIN numbers
- PAYE records
- Definition of taxable income
- Benefits in Kind
- Tax-free benefits
- Shares and share options
- Tax rates and deductible items
- Form A and Consolidated Relief Allowance
- Leaver certificates
- PAYE returns
- NGO’s obligations
- E-TaxPay
- Pension contributions
- National Housing Fund
- National Health Insurance Fund
- Nigeria Social Insurance Trust Fund
- Industrial Training Fund
- Labour Law – Labour Act 2004
- Working time
- Minimum Wage
- Family and Sick leave
- Vacation
The course provides 3 hours of CPD credits.
