
Nigeria Filling Downloads 2016-2025 Form
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How is ITF calculated in Nigeria?
Businesses with fewer than 25 employees are not mandated to contribute training funds to the ITF. Every employer having 25 or more employees in its establishment shall, in respect of each calendar year, contribute 1 percent (1%) of its total annual payroll.
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How much is a tax clearance certificate in Nigeria?
There is no need to pay any amount of money as processing fee before obtaining your Electronic Tax Clearance Certificate. It is free.
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Who pays ITF in Nigeria?
Any supplier, contractor, or consultant bidding on soliciting contracts, businesses, goods, and services from any Federal Government Ministry, Department, Agency, Commercial, Industrial and Private entity shall fulfill the statutory obligation of its employees for payment of training contribution to the Fund.
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How much is an ITF certificate in Nigeria?
Summary of Costs For ITF Compliance Certificate Cost ComponentEstimated Cost (NGN)/% Audited Account N 30,000.00k to N 150,000.00k Training Contribution 1% of the total annual payroll of their employees New Start-up Company Fee N 110,000.00k Penalty for Late Filing 5% of the unpaid amount for each month of default.1 more row • Aug 20, 2024
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How much does ITF pay in Nigeria?
The estimated total pay range for a Administrator at Industrial Training Fund is NGN 513K–NGN 566K per year, which includes base salary and additional pay. The average Administrator base salary at Industrial Training Fund is NGN 540K per year.
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What is the Industrial Training Fund?
As part of its responsibilities, the ITF provides Direct Training, Vocational and Apprentice Training, Research and Consultancy Service, Reimbursement of up to 50% Training contribution paid by employers of labour registered with it, and administers the Students Industrial Work Experience Scheme (SIWES).
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How to get an ITF certificate in Nigeria?
REGISTERED OR EXISTING EMPLOYER Registered or existing employers are expected to complete the ITF form 5A which is available online. After filling the ITF form 5A, the next step for you to take is to submit it to the ITF Area Office where they are registering for vetting of their liability to the fund.
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How to register with the Industrial Training Fund in Nigeria?
REGISTERED OR EXISTING EMPLOYER Registered or existing employers are expected to complete the ITF form 5A which is available online. After filling the ITF form 5A, the next step for you to take is to submit it to the ITF Area Office where they are registering for vetting of their liability to the fund.
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