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The LIRS has recently released a new form for the filing of income tax returns under the self-assessment scheme.

This is pursuant to the amendments introduced by Finance Act, 2020 to the PIT Act Cap.P8 LFN 2004

The Lagos State Internal Revenue Service (LIRS) recently issued a public notice (the Notice) with respect to the taxation of share-based payments in the hands of employees.

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

In practice, FIRS may disallow capital allowances claimed on fixed assets if the appropriate CAFA has not been obtained from the Industrial Inspectorate Department.

The House of Representatives, in exercise of its powers under the Nigerian Constitution, has set up an ad-hoc committee (the Committee) to investigate perceived abuse of pioneer status tax incentive...

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

On 19 February 2020, the TAT held that the ₦1.74 billion assessment issued by the FIRS to Prime Plastichem Nigeria Limited (PPNL)

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

The tax landscape in Nigeria is changing fast and efforts at bringing taxable individuals into the tax net is gaining momentum.

The representatives of Vodacom drew Lagos TAT's attention to the decision in Gazprom to persuade the Tribunal to reach the same conclusion.

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.

In response to information provided by FIRS, NSE has sent letters to publicly listed companies, who were purportedly identified by FIRS as non-compliant.

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.

Undoubtedly, the ongoing COVID-19 Pandemic caught the world and its leaders unawares.