ARTICLE · 09 APRIL 2019

Tax Dispute Resolution: Critical Issues On Final And Conclusive Assessment

Andersen in Nigeria

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In 2018, the Federal Inland Revenue Service (FIRS) reported that it collected N5.32trillion in tax revenue.

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Oladejo Adeyemi

Morohunkeji Adewole

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In 2018, the Federal Inland Revenue Service (FIRS) reported that it collected N5.32trillion in tax revenue. This was as a result of the increased drive for tax collection and must have given the FIRS, the confidence to set a very ambitious tax revenue target of ₦8 trillion for 2019. This drive for improved tax collection is also seen at the sub national level where most State Internal Revenue Services (SIRS) are aggressively engaging taxpayers in a bid to raise revenue. Given the plan to approve the national minimum wage of ₦30,000 and the resultant increase in Government expenditure, it is expected that the tax authorities will become even more aggressive in their effort to shore up tax revenues.

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