How can I register Nsitf in Nigeria?

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.

How do you pay for 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 work of Nigeria Social Insurance Trust Fund?

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.

What percentage is Nsitf?

The NSITF was a Defined Benefits Scheme and the initial monthly contribution was 7.5% of basic salary, of 2.5% to be borne by the employee, and 5% by the employer.

What is ITF Nigeria?

The purpose of the Act was to establish a Fund – The Industrial Training Fund (ITF) – to be utilized to promote and encourage the acquisition of skills in industry or commerce in Nigeria with a view to generating a pool of indigenous trained manpower sufficient to meet the needs of the economy.

Who pays Nsitf employer or employee?

5.0 The funding of the scheme is based on 1% of payroll of employers remitted to the Fund. In addition, the Fund, under Section 71 of the Pension Reform Act, 2004, is to provide “every contributing citizen Social Security Insurance Services other than Pension in accordance with the NSITF Act, 1993”.

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.

What is the full meaning of Nsitf in Nigeria?

Nigeria Social Insurance Trust Fund (NSITF) is one of the foremost social insurance organizations in Africa with a long history of service dating back to 1961. NSITF is backed by the Employees Compensation Act (ECA) 2011, this is a Defined Benefit Scheme for workers in Nigeria.

How much is ITF salary?

The average salaries for Industrial Training Fund (ITF) is 144,637 Naira. This data is collated by 8 employees from Industrial Training Fund (ITF). The roles include Accounting Data Analyst, Accountant, Confidential Secretary, Legal Counsel, Legal Officer, Recruitment Officer etc.

Who is the DG of ITF?

SIR JOSEPH N. ARI
PROFILE OF THE DIRECTOR-GENERAL/CHIEF EXECUTIVE OF THE ITF,SIR JOSEPH N. ARI. Sir Joseph Ari was born on the 21st of December,1960.

Who are those exempted from paying tax in Nigeria?

Dividends, interest, rents, and royalties earned abroad and brought into Nigeria through government-approved channels are exempt from Nigerian tax; otherwise, the income is taxable at the CIT rate applicable based on the classification of the company (i.e. small, medium, or large) and tertiary education tax at 2%.

Where is ITF headquarters located?

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