On 19th May, 2020, the Federal Inland Revenue Service ("FIRS" or "the Service") issued a Public Notice to all Reporting Financial Institutions (RFIs) that it has extended the deadline for filing 2019 Information Returns under the ...

On 30th July, 2020, the Federal Inland Revenue Service issued a Public Notice informing taxpayers of its grant of further extension to the deadline for filing Companies Income Tax returns by one week.

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

The FIRS has issued a Circular pursuant to the provisions of Sections 25 and 105 of CITA regarding eligibility of a Fund, Body or Institution seeking to be listed under the Fifth Schedule.

The Federal Inland Revenue Service (FIRS) has issued revised transfer pricing (TP) declaration and disclosure forms.

The Federal Inland Revenue Service has issued a public notice announcing the approved penalty and interest rates to be applied as sanctions on all unpaid tax amounts.

On 7th April, 2021, the Federal Inland Revenue Service (FIRS or "the Service") issued a Public Notice informing the general public, tax practitioners and all taxable persons including individuals...

The Federal Inland Revenue Service (FIRS) has released updated Transfer Pricing (TP) Declaration and Disclosure Forms, which take effect from January 2017.

On 15 February 2019, the Federal Inland Revenue Service (FIRS), in a letter, directed banks in Nigeria to suspend the lien placed on the bank accounts of alleged non-compliant taxpayers ...

We will continue to monitor developments in this space and provide updates as soon as they become available.

In the past few years, the FIRS has questioned the eligibility of some companies that were granted pioneer status incentive (exemption from corporate income tax).

A review of the major tax events of 2014 and the outlook for 2015.

Tax has always been one of an insurer's most significant expenses, comparable to payroll and claims.

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?

There is no prescription in the labour law regarding removal expenses and relocation allowances payable to or on behalf of an employee that changes the location of residence for work purposes

A public notice has been published by the Lagos State Internal Revenue Service (LIRS) on the taxation of foreigners who perform employment duties in Nigeria.

Employers are required to deduct PAYE on the benefits at the date of exercise.

The Law imposes 5% consumption tax on all sales/purchases of products and services at hospitality outlets in Lagos State.

Access to the LASG-EBS would require the validation of the tax payer's Bank Verification Number