915 results found

The Lagos State Internal Revenue Service (LIRS or "the Service") has released a notice regarding the deployment of an upgraded Consumption Tax Collection Process for the Hospitality sector in Lagos State.

The Federal Inland Revenue Service (FIRS), on 30 April 2019, notified the public that it has introduced new measures to simplify and ease tax audit experience for all taxpayers.

In response to the Covid-19 crisis, the Federal Inland Revenue Service on 23 March 2020 announced certain measures.

On 5th August, 2020, the Lagos State Commissioner for Finance, Dr. Rabiu Olowo, informed the general public that the Lagos State Government has reviewed its Land Use Charge ("LUC")

Nigeria operates a federal system of government. Governing bodies at the centre differ from governing bodies in the sub-units (states).

"Our aim shall be to create a progressive tax regime, plug harmful loopholes, enhance the efficiency of collection and give the people a greater sense of responsibility in relation to their taxes."

On 14 October 2020, the Nigerian Export Promotion Council (NEPC) issued a Circular directing exporters interested in the Export Expansion Grant (EEG) Scheme...

President Muhammadu Buhari today signed into law, a Bill to amend the Deep Offshore (and Inland Basin Production Sharing Contract) Act [the PSC Act].

The decision arose from an appeal by Chi Limited against the Federal Inland Revenue Service.

On 24 August 2020, the Central Bank of Nigeria issued a notice directing authorised dealers against issuing Form Ms for imports, where payments are not made directly to the ultimate supplier.

On 26 November 2018, the Court of Appeal held that the Ekiti State Board of Internal Revenue cannot make an ex-parte application to distrain a taxpayer's property or issue a warrant of distress in the absence of a final and conclusive tax assessment.

On 8th May, 2020, the Federal High Court ("FHC" or "the Court"), sitting in Lagos, declared the Taxes and Levies (Approved List for Collection) Act (Amendment) Order, 2015 ("Amendment Order") null and void. This decision was ...

As the first month in 2024 draws to an end, businesses are reminded to file their 2023 employer tax return.

The Federal Inland Revenue Service ("FIRS" or "the Service") recently issued a Public Notice reminding the general public of the obligations to remit Stamp Duties to the Service under the Stamp Duties Act (SDA) as amended by the ...

The Federal Inland Revenue Service (FIRS) directed banks, stockbrokers and other financial institutions to deduct 10% withholding tax on interest earned on investment from short-term securities.

The Federal Inland Revenue Service (FIRS) has issued Guidelines on accessing Mutual Agreement Procedure in Nigeria.

On 14 August 2019, the Federal Inland Revenue Service (FIRS) issued a Public Notice (PN) on deduction of tax at source from compensations paid to agents by principal companies.