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

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") ...

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

The Tax Appeal Tribunal sitting in Lagos, on 20 October 2021 ruled, in the case between Multichoice Nigeria Limited and Federal Inland Revenue Service, that the amount deposited by the Appellant with the FIRS ...

The Federal Inland Revenue Service (FIRS) has issued a public notice announcing a full waiver of penalties and interest on outstanding tax liabilities.

In 2021, the Nigerian transfer pricing (TP) space witnessed significant changes which are expected to have far-reaching effects on tax compliance for both local and multinational enterprises.

The Corporate Affairs Commission (CAC) recently announced the upgrade its website and online registration portal ("the Portal") to include features, which allow for the automation of some selected services and processes.

The National Bureau of Statistics has published its Consumer Price Index (CPI) report for February 2023. The CPI, a closely watched gauge of inflation, showed that annual price changes remained high and rising in February.

His Excellency, President Muhammadu Buhari, GCFR, signed the Nigeria Startup Act, 2022 into law on 19 October 2022, following its passage by the National Assembly.

The macroeconomic landscape in Ghana and Nigeria has shown little improvement over the past year, continuing to impact both individual and business customers, with eroding purchasing power and...

The National Health Insurance Authority Act, 2021 ("the Act") was recently enacted by the National Assembly.

The Federal High Court (FHC or "the Court") Abuja Division has delivered judgment in the case between IHS Nigeria Limited (IHS) and INT Towers Limited (INT) (collectively referred to as herein "the Plaintiffs") and the Nigerian Midstream...

The deadline for the filing of Employer's Pay-As-You-Earn tax returns ("the Returns") for 2022 tax year is 31 January 2023.

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 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.

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.

Section 14(3) of the VAT Act empowers the FIRS to appoint any person as an agent for VAT collection.