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On 31st March 2021, the Lagos State Internal Revenue Service (LIRS) issued a public notice, informing taxpayers that the deadline for filing annual returns for individual taxpayers and...

The PID is a taxpayer's identity code issued by the LIRS to taxpayers in Lagos State.

On March 31, 2021, the Comptroller-General of the Nigerian Immigration Service (CGNIS) announced that foreign nationals working in Nigeria will be required to provide evidence of tax remittance...

Further to the Finance Act (FA), 2019 which amended a number of provisions in the Value Added Tax (VAT) Act, the Federal Ministry of Finance

The FIRS has shared communications with taxpayers regarding the commencement of exchange of information with other countries. The communication reads as follows:

Nigeria's Minister of Finance has issued the Presumptive Tax Regulations 2026, establishing a simplified framework for assessing income tax from taxpayers without adequate accounting records. This landmark regulation forms part of Nigeria's broader tax reform agenda aimed at expanding the tax base while reducing compliance burdens for small and informal businesses.

On 13 April, 2017 the Federal High Court sitting at Abuja (the Court), with the Honourable Justice G.O. Kolawole presiding, held the activities of the NIPOST in seeking to enforce the provisions of the Stamp Duties Act, 1939 to be illegal.

On 3rd March, 2021 at about 12.10pm, I had just finished a stressful Zoom Meeting when my phone rang. It was a call from Victor Onyenkpa, the COO of KPMG, my bosom friend of many years starting from our early days in Arthur Andersen in the early 90s.

On 25 January 2019, President Muhammadu Buhari signed Executive Order (EO) 007 on the Road Infrastructure Refurbishment and Development Tax Credit Scheme (Scheme).

The Federal Inland Revenue Service recently extended invitations to taxpayers to come forward to reconcile their unutilised Withholding Tax credit balances, with a view to confirming these balances with them ...

Section 55 of the Personal Income Tax Act (PITA) 2011 (as amended) contains a limitation period within which additional assessments must be raised.

The Tax Appeal Tribunal sitting in Lagos, on 20 October 2021 ruled, in the case between Multichoice Nigeria Limited and Federal Inland Revenue Service, that the amount deposited by the Appellant with the FIRS ...

The Federal Inland Revenue Service (FIRS) has issued a public notice announcing a full waiver of penalties and interest on outstanding tax liabilities.

As the sun gradually sets on the Voluntary Assets and Income Declaration Scheme (VAIDS/Scheme), the Minister of Finance has reiterated government's resolve to stick to the March 31st, 2018 deadline.

The obvious implication of such share deals is that the investor steps into the shoes of the seller and takes on the ownership of the target company.

On 23 March 2020, the Executive Chairman of the Federal Inland Revenue Service ("FIRS" or "the Service"), sent out a notice informing taxpayers that the FIRS has extended the timeline for filing...

The aftermath of the global financial crisis of 2008 saw governments emphasizing the need to generate additional tax revenues to stimulate their economies. This drive, especially relating to international tax, ...