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There has been a long standing dispute between the Federal Inland Revenue Service (FIRS) and oil producing companies on the applicable price of crude oil to be used for tax purposes.

But it will take more than luxury tax to plug the hole. We need to simplify the tax system and broaden our tax base.

PwC has helped a company secure a TAT ruling to the effect that a taxpayer's right of objection or appeal is not waived by the fact that the taxpayer has paid the assessment being subsequently disputed.

Section 41 of the Personal Income Tax (PIT) Act mandates all persons who are taxable under the PIT Act to file a return of income and claims for every tax year with the tax authority of the state ...

With the recent appointment of Mr Babatunde Fowler as the acting Executive Chairman of the FIRS, his primary mandate is to significantly increase Nigeria's tax revenue collection...

The Circular clarifies that the approved SPM, which are in line with the ECOWAS CET, shall become effective from Monday, 1 May 2023.

The Tax Appeal Tribunal (TAT) on 18 November 2015 held that the Federal Inland Revenue Service should accept tax computations prepared by the Contractor of a Production Sharing Contracts...

The foregoing is a fall out of property valuation exercise carried out by FIRS in October, 2016.

The Federal Inland Revenue Service (FIRS) has issued the Income Tax (Common Reporting Standard) Implementation and Compliance Guidelines (the "guidelines").

The NTP should not become a redundant policy document or reference tool only for academics.

Companies that are part of a Multinational Enterprise (MNE) Group and have 31 December as their accounting year end are expected to file their Country-by-Country (CbC) Report and Notification...

In its renewed bid to minimise tax evasion, deter non-compliance and promote voluntary compliance, the Federal Government of Nigeria has announced a new interest rate regime for unpaid taxes.

The Federal Inland Revenue Service (FIRS) has announced the introduction of six (6) new electronic tax services.

This publication sets out the basic information on tax and business regulatory issues that new investors need to know when investing in Nigeria.

How legitimate is the FIRS order to banks to freeze accounts of tax defaulters; what roles should banks play; and what recourse do taxpayers have?

The shift to non-oil revenue must be a properly managed paradigm shift and not the exchange of one extreme dependence for another

Federal Inland Revenue Service (FIRS) has issued a public notice requesting taxpayers to validate their official email addresses in FIRS' records.