What are the requirements for Nsitf?
REQUIREMENTS FOR NSITF COMPLIANCE CERTIFICATE
- Certificate of Incorporation with CAC.
- Completion of Registration form ECS RE 01- stating Company Name, Address, and Telephone No etc.
- Payroll Schedule Form RE 03 stating employee’s details- Staff Name, ID Number, Gender, Remuneration.
- Tax Clearance Certificate.
How do I pay Nsitf?
A Form ECS RE03 (Employer Schedule of Payment) is issued to the applicant for completion. The applicant will make requisite payment as may be accessed by NSITF, based on the number and remuneration of the company’s staff. The applicant will proceed with the payment receipt to NSITF within the company’s location.
What is the rate of Nsitf?
The Act provided for monthly contributions by members at the rate of 6% of basic salary subject to a maximum of N8. 00 per month or a sum total of N96. 00 per annum to be paid in equal proportion by the employer and the employee.
How is Nsitf calculated in Nigeria?
NSITF applies to every employer and employee in the public and private sectors. Employers will, therefore, contribute 1% of employees’ monthly payroll to the NSITF in the first two years of commencement of the Act.
How much is ITF registration?
Submit the letter to the ITF office located within the jurisdiction of the company’s registered address, accompanying it with the Certificate of Incorporation of the company. Make a payment of N100, 000 (One Hundred Thousand Naira) to the ITF account for the application.
How do I register my business with ITF?
DOCUMENTS REQUIRED TO OBTAIN AN INDUSTRIAL TRAINING FUND (ITF) COMPLIANCE CERTIFICATE
- Copy of company’s Certificate of Incorporation issued by Corporate Affairs Commission’s.
- Certified true copies of the company’s Audited Account.
- Copy of the Company’s Tax Clearance.
Is Nigeria Social Insurance Trust Fund real?
The Nigeria Social Insurance Trust Fund is a proactive and employee dedicated government institution committed to the welfare of employees in the event of work related accidents and injuries.
Is pension deducted from salary?
In addition to salary received from present and past employer even pension received from ex-employer also becomes taxable under the head Salaries. So a retired person is entitled to claim standard deduction against the pension income from past employers.
Is pension income taxable in Nigeria?
Contributions to the new pension scheme are tax free.
What is the benefit of Nsitf?
WE ARE NSITF We provide compensation to insured employees who suffer from occupational diseases, sustain injuries or disability from accident at work place or in the course of employment, whether at usual place of work or outside of it. To us employees comes first.
Is Nsitf tax deductible in Nigeria?
NSITF is mandated to administer the Employee’s Compensation Fund. Contributions under the Employee’s Compensation Act 2010 and the Pension Reform Act (as amended) are tax deductible expenses to the employer while the benefits under both legislations are exempted from tax in Nigeria.
How can I apply for ITF?
You can apply for ITF job on the website www.itf.gov.ng portal and also get shortlisted. Most importantly, ITF recruitment 2022 application is free. Ensure you take note of this if you wish to apply for any job vacancy in Industrial Training Fund (ITF).
How to register with NSITF?
To register with NSITF, the following steps should be followed: Step One The first step is to create a registration accounton the website of NSITF. On the homepage click on Employer’s Registration and Fill in the following; Particulars for the business. Total Staff Emolument.
What are the requirements for NSITF compliance certificate?
REQUIREMENTS FOR NSITF COMPLIANCE CERTIFICATE 1 Certificate of Incorporation with CAC 2 Completion of Registration form ECS RE 01- stating Company Name, Address, and Telephone No etc. 3 Payroll Schedule Form RE 03 stating employee’s details- Staff Name, ID Number, Gender, Remuneration 4 Tax Clearance Certificate
What are the documents required for NSITF Certificate of incorporation?
The following are documents required for NSITF Registration Certificate of Incorporation with CAC Completion of Registration formECS RE 01- stating Company Name, Address, and Telephone No etc. Payroll Schedule Form RE 03 stating employee’s details- Staff Name, ID Number, Gender, Remuneration
What is NSITF renewal certificate?
NSITF RENEWAL A certificate is issued yearly to employers that have complied with the payment of the 1% contributions. The following documents have to be provided to process a certificate at the NSITF office: