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The FIRS has begun to enforce compliance with Nigeria's CbCR Regulations. Members of multinational groups that meet the CbCR threshold have an obligation to notify the FIRS of the identity and tax residence of...

The Federal Inland Revenue Service (FIRS) has issued a Public Notice notifying the general public of the establishment of a Non-Resident Persons' Tax Office (NRPTO). The Public Notice directs all...

The Federal Inland Revenue Services (FIRS) has issued a circular on the tax implications of regulated securities lending (RSL) transactions in Nigeria

To be entitled to the benefits under a tax treaty with Nigeria, a taxpayer must be a resident of Nigeria or the treaty partner or both countries. In addition,

The Federal Inland Revenue Service (FIRS) has issued the Income Tax (Transfer Pricing) Regulations, 2018.

Following the introduction of the Income Tax (Transfer Pricing) Regulations, 2018 ("TP Regulations") in August, the FIRS today (3 October 2018) ...

The Federal Inland Revenue Service (FIRS) has issued a Public Notice informing the general public on the appropriate FIRS office to file their tax returns.

In this piece, we examine the issues surrounding the supposed exercise of the power of substitution by FIRS and whether FIRS is trying to use this to test the limit of its immense powers.

Most of the FIRS tax offices may no longer accept physical copies of CIT and VAT returns, except under "special circumstances".

Federal Inland Revenue Service (FIRS) has recently been issuing Notice of Refusal to Amend (NORA) assessments issued in respect of on-going tax audit exercises.

The Federal Inland Revenue Service recently made updates to the features for value added tax filing and payment module on the TaxPro-Max.

The art of taxation, as Jean-Baptiste Colbert once remarked, consists in so plucking the goose to obtain the largest amount of feathers with the least possible amount of hissing.

As recommended by various stakeholders, the 223-page Petroleum Industry Bill (PIB) which has been stalled for over 12 years has now been split into at least 2 separate bills.

Given the likelihood of excess crude oil supply globally in 2014, as a result of key factors such as the recent G5+1 deal with Iran, shale oil development, various crude oil discoveries across Africa and so on; one would expect the price of crude oil to fall.

We have examined the inflationary trend in Nigeria's economy and its impact on taxation with special consideration for CGT in this article.

The Lagos State Government, today, 8 September 2021 presented the State Value Added Tax (VAT) Bill, 2021 ("the Bill") at a stakeholders meeting organized by the House of Assembly ("the House") ...

LUCL applies to real and landed property in Lagos State, and seeks to consolidate all property and land based rates/charges into a single property charge.