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In a show of commitment towards reducing the tax burden and improving the ease of doing business for taxpayers, the FEC has approved two Executive Orders and five Amendment Bills touching on key provisions ...

Federal High Court (FHC), on 19 June 2018, issued a ruling overturning the decision of Tax Appeal Tribunal (TAT) in the case between Gazprom Oil & Gas Limited (Gazprom or the Company) and Federal Inland Revenue Service.

The Federal Ministry of Finance, through the Office of the Honorable Minister of Finance and Coordinating Minister of the Economy (‘the Minister'), recently released a Circular...

The annual Employer's Pay-As-You-Earn (PAYE) tax returns ("the Returns") for 2021 is due on 31 January 2022.

The Federal Inland Revenue Service has issued a public notice announcing a one-month waiver of all outstanding penalties and interest computed by the TaxPro-Max on established additional liabilities ...

The Federal Inland Revenue Service (FIRS) has issued a public notice to inform taxpayers of its plan to commence a nationwide compliance check of VAT and WHT with effect from Monday 12 October 2015.

The FIRS has issued a Public Notice directing companies that purchased QCE worth ₦500,000 and above between 2016 and 2021 years of assessment to submit the Certificates of Acceptance issued by the Industrial Inspectorate Division ...

The extension of the April 2023 VAT filing deadline only offers a temporary solution, which does not address the issues created by the recent updates for taxpayers.

Commencement and cessation rules - The FIRS clarified that a company that commences business should apply the Preceding Year Basis (PYB)

The PN reiterates that the commencement date of the TP Regulations is 12 March 2018.

On 9 May 2022, FIRS issued a Public Notice to all taxpayers, tax consultants and the general public requiring companies that enjoyed capital allowances on QCE of ₦500,000 (and above), between 2016 and 2021 years of assessment, ...

The Federal Inland Revenue Service (FIRS), on 22 October 2018, notified the general public that it has commenced issuance of value-added tax certificates to all new and existing taxpayers registered for VAT purposes.

The Federal Inland Revenue Services (FIRS) has started writing to banks to appoint them as collection agents of taxpayers considered to be in default of tax payments.

The Federal Inland Revenue Service (FIRS) recently released the Income Tax (Common Reporting Standard) Regulations (The Regulations).

The Federal Inland Revenue Service ("FIRS" or "the Service") recently issued a Public Notice informing the public of its intention to automate Value Added Tax (VAT) ...

The ability to generate sustainable revenue remains a huge challenge for the Nigerian government, especially due to the decline and instability ...

The Federal Inland Revenue Service (FIRS or "the Service") has recently issued an official Public Notice introducing the National E-Invoicing Regime through the Electronic Fiscal System (EFS) specifically designed for Large Taxpayers.