Is FIRS Empowered To Place A Lien On Tax Defaulter's Account? (Video)

Eleven (11) years ago, the Federal Government opted for full deregulation in the downstream sector.

The Federal Government of Nigeria, on 25 January 2019, signed Executive Order 007 (the Order) on Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme (the Scheme).

Nigeria Economic Outlook 2019 – Ready To Go

The Scheme, which encourages voluntary declaration of offshore assets, is aimed at combating money laundering and tax evasion.

The Federal Government of Nigeria has approved and ordered the immediate implementation of the 2016 fiscal policy measures.

The Tax Appeal Tribunal, delivered a ruling on the applicability of value added tax and withholding tax on reimbursable expenses in the case between Brasoil Oil Services Company Limited and FIRS.

The Federal Government of Nigeria has released the Medium Term Expenditure Framework and Fiscal Strategy Paper for 2018 to 2020 fiscal years.

Nigeria has ratified the Trade Facilitation Agreement (TFA), becoming the 107th country to sign up to the agreement.

The Federal Government of Nigeria approved the eligibility of 27 additional industries for possible grant of tax holiday under the pioneer status incentive at the Federal Executive Council meeting...

The African continent continues to boast a vast array of potential opportunities, particularly in the oil and gas (O&G) sector.

Prior to this launch, the Nigeria international passport had been issued with a validity of 5 years.

Federal Inland Revenue Service (FIRS), in a bid to ensure tax certainty and promote voluntary tax compliance of non-resident persons, has established a Non-Resident Persons' Tax Office (NRPTO).

Great success stories emerge when Deloitte's network of member firms helps businesses deploy SAP® solutions, transform operations, and deliver meaningful results.

Major opportunities are unfolding across Sub-Saharan Africa to generate stronger economic growth, improve the lives of its people, and become important hubs of global trade.

Government is also interested in increasing revenue generated from this sector of the economy.

As part of efforts towards reforming the oil and gas industry, the Ministry of Petroleum Resources (MPR) recently released the Draft National Petroleum Fiscal Policy.

The Federal Inland Revenue Service (FIRS), on 14 August 2019, issued a public notice informing companies, particularly those in the FMCG sector.

The shift to non-oil revenue must be a properly managed paradigm shift and not the exchange of one extreme dependence for another

The Federal Government of Nigeria (FGN) has indicated its intent to sign the agreement establishing the African Continental Free Trade Area (AfCFTA) at the 12th Extraordinary Summit of the African Union