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The Federal Inland Revenue Service (FIRS) has issued 3 Public Notices...

First it was posting of non-compliance stickers on the premises of defaulting companies. Now, the FIRS has begun to seal off companies that have failed to comply with their tax obligations.

Federal Inland Revenue Service (FIRS), on 21 February 2019, issued guidelines setting out steps that taxpayers must follow for initiating Mutual Agreement Procedure (MAP).

Following the suspension of lien placed on the bank accounts of alleged non-compliant taxpayers in February 2019

The FIRS has issued a Public Notice on the deduction of withholding tax and VAT on compensation paid to agents, dealers, distributors and retailers by principal companies

His Excellency, President Bola Tinubu, GCFR, has presented the 2024 Federal Government Budget Proposals at the joint session of the National Assembly in Abuja.

TIN refers to Taxpayer Identification Number whiles BVN refers to Bank Verification Number. For anyone seeking to start their business in Nigeria, TIN and BVN are two important things you must obtain.

The committee, headed by Prof Abiola Sanni, submitted its report in September 2016.

The Lagos State Internal Revenue Service (LIRS) issued a public notice (the Notice) on 20 September 2017 with respect to allowable interest deductions on owner-occupied residential houses.

The Tax Appeal Tribunal passed a judgement in a case between Nigeria Agip Oil Company Limited and FIRS regarding the deductibility of interests on intercompany loans.

The LIRS has issued a Public Notice mandating employers to account for and remit CGT on termination benefits and any other capital sum paid to disengaging employees.

On 29th January, 2021, the Lagos Internal Revenue Service ("LIRS" or "the Service") issued a Public Notice informing taxpayers of its grant of extension to the deadline for filing 2020 annual employees Pay-As-You-Earn (PAYE) tax returns by two weeks.

In order to give taxpayers ample time to file their tax returns amid the lockdown, the LIRS had in March 2020 issued a public notice extending the filing deadline from 31 March to 30 June 2020.

Lagos State Internal Revenue Service (LIRS) recently appointed all payers of capital sums as Capital Gains Tax (CGT) collection agents, through a public notice, effective from 1 January 2019.

On 9th July, 2020, the Lagos State Internal Revenue Service ("LIRS" or "the Service") issued a Public Notice granting taxpayers additional incentives to ease the impact of the COVID-19 Pandemic

The Lagos State Internal Revenue Service (LIRS) has issued a public notice (the Notice) on its intention to integrate the LASG-EBS Taxpayer Identification Digit (PID)

The year 2018 witnessed a number of restructuring arrangements that necessitated the merger or the acquisition of some businesses.