ArticleAgenda For The New FIRS Leadership: Priorities And Key Areas Of Focus For A Lasting ImpactRead my article on Nigeria's tax administration scorecard, the tax administration we want and what we need to do to get there.NigeriaTaxPwC Nigeria
ArticleAnalysis And Implications Of The Executive Order On Road Infrastructure Development And Refurbishment Investment Tax Credit SchemeIn the quest to improve the infrastructural needs of Nigeria and maximise resources, the President of Nigeria approved the Executive Order 007 (the Order) ...NigeriaTaxDeloitte Nigeria
ArticleBeyond Borders: Navigating The Nigeria Tax Act 2025This article was developed from the conversations at the Beyond Borders Tax WebinarNigeriaTaxKPMG in Nigeria
ArticleCBN Directs DMBs/Forex Dealers To Stop Rejecting Old/Lower Denomination Of The United States DollarOn 20th April, 2021, the Central Bank of Nigeria (CBN or the "Apex Bank") released a Notice directing all Deposit Money Banks (DMBs) and authorized forex dealers to stop the rejection...NigeriaTaxAndersen in Nigeria
ArticleCourt Bars Local Government Councils From Creating New Taxes And LeviesFCT High Court on Monday, 14 January 2019 ruled that LGCs in the FCT lack authority to impose taxes and levies that are outside the purview of the Constitution of the Federal Republic Of Nigeria, 1999 as amended and TALC.NigeriaTaxDeloitte Nigeria
ArticleDeadline For Filing Income Tax And Transfer Pricing Returns – Avoid The Last Minute Rush And Material PenaltiesThe deadline for filing of income tax and transfer pricing (TP) returns with Federal Inland Revenue Service (FIRS) is fast approaching for corporate taxpayers whose financial year-end is 31 December. NigeriaTaxDeloitte Nigeria
ArticleFIRS Extends Deadline For Waiver Of Interest And Penalties On Outstanding Tax LiabilitiesThe Federal Inland Revenue Service, today, 30 November 2021 announced an additional and final one-month extension of its waiver of penalties and interest for companies with outstanding 2021 year of assessment companies income tax returns.NigeriaTaxKPMG in Nigeria
ArticleFIRS Extends The Deadline For Filing 2022 Year Of Assessment Companies Income Tax ReturnsThe Federal Inland Revenue Service (FIRS) has issued a Public Notice extending to 31 August 2022, the deadline for filing Companies Income Tax (CIT) returns and payment of the related tax...NigeriaTaxKPMG in Nigeria
ArticleFIRS Has Established A New Large Tax OfficeThe Federal Inland Revenue Service (FIRS) has established a new Large Tax Office (LTO) located in Apapa, Lagos effective from 15 May, 2020.NigeriaTaxPwC Nigeria
ArticleFIRS Introduces Electronic Platform For Transfer Pricing FilingsOn 17 March 2020, the Federal Inland Revenue Service (FIRS) organized a stakeholder's event for the official launch of its electronic filing solution for Transfer Pricing (TP) called E-TP PLAT 2.0. NigeriaTaxPwC Nigeria
ArticleFIRS Issues Guidelines On Advance Pricing Agreements In NigeriaIn the evolving global tax landscape, related-party transactions and transfer pricing (TP) have become pivotal issues for tax authorities worldwide. Recognizing the complexities and potential disputesNigeriaTaxKPMG in Nigeria
ArticleFIRS To Close Tax Waivers Window By 31 December 2020The FIRS has indicated that all concessions for waivers of penalty and interest on outstanding tax liabilities will come to an end by 31 December 2020NigeriaTaxPwC Nigeria
ArticleFIRS To Introduce e-Filing For Transfer Pricing Returns In 2020The Federal Inland Revenue Service (FIRS), in its bid to enhance efficiency in tax administration, is set to automate the process of filing transfer pricing (TP) returns. NigeriaTaxDeloitte Nigeria
ArticleLIRS Extends Deadline For Filing Personal Income Tax Returns By 2 MonthsThe Lagos State Internal Revenue Service (LIRS) has announced the extension of the deadline for filing personal income tax returns by 2 months from 31st of March to 31st of May 2020.NigeriaTaxPwC Nigeria
ArticleLIRS To Issue New Tax Identification Numbers To TaxpayersThe Lagos State Internal Revenue Service (LIRS) on 30 May 2019 issued a Public Notice informing the public of the new Tax Identification Number (TIN) which will be issued to every individual.NigeriaTaxPwC Nigeria
ArticleNigeria’s New Virtual Asset (VA) Tax Regime: Legal And Regulatory Implications For StartupsNigeria's Revenue Service has issued comprehensive guidelines clarifying how virtual assets are taxed under existing legislation. The framework addresses taxation for individuals and businesses engaged in cryptocurrency trading, virtual asset service providers, and peer-to-peer marketplaces. A notable feature is the requirement to compute gains in US dollars rather than Naira. NigeriaTaxStren and Blan Partners
ArticleTax Appeal Tribunal Issues Judgement On The Applicability Of VAT On Casino Revenue, Imported Services And RechargesTourist Company of Nigeria Plc ("TCN" or the "Appellant") engages in the gaming and hospitality business including the operation of a casino in Nigeria.NigeriaTaxPwC Nigeria
ArticleTaxing Trade Incentives In Nigeria – A Conundrum!The Federal Inland Revenue Service (FIRS), on 14 August 2019, issued a public notice informing companies, particularly those in the FMCG sector.NigeriaTaxDeloitte Nigeria
ArticleThe Nigeria Tax Administration Act (NTAA), 2025For decades, Nigeria has relied on oil as its primary source of revenue. NigeriaTaxKPMG in Nigeria
VideoWebinar: Recent Developments In Corporate Tax Landscape In Nigeria In Relation To Non-Resident CompaniesThis webinar has been organized to holistically address the changes and trends in the taxation of non-resident companies in Nigeria, particularly those operating within Nigeria's "digital economy".WorldwideTaxG ELIAS