Mondaq Middle East & Africa - Nigeria: Tax
PwC Nigeria
In 2017, the Federal Inland Revenue Service (FIRS) announced the introduction of six (6) new electronic services.
TNP
Just recently, the Executive Chairman of Federal Inland Revenue Service ("FIRS") announced that its revenue generation target for 2019 is N8 Trillion
Andersen Tax LP
The Federal Inland Revenue Service (FIRS) has issued the Income Tax (Common Reporting Standard) Implementation and Compliance Guidelines (the "guidelines").
TNP
The Federal Inland Revenue Service ("FIRS") has recently appointed a number of banks as collecting agents authorizing them to freeze taxpayers' accounts for an alleged tax default ("Freeze Mandate").
Deloitte Nigeria
Further to the launch of e-Filing portal for submission of individual and employer's tax returns early this year, Lagos State Internal Revenue Service (LIRS), has now introduced a ...
Andersen Tax LP
The Lagos Internal Revenue Service (LIRS) recently introduced the Enterprise Tax Administration System (eTax) to enhance tax administration within the state.
Andersen Tax LP
The natural resources and the economic opportunities in Nigeria continue to attract foreign direct investments (FDI) by investors across the world.
TNP
Just recently, the Federal Inland Revenue Service suspended its very controversial mandate to banks.
PwC Nigeria
The Lagos State Internal Revenue Service (LIRS) has launched a new eTax system, a digital, end-to-end, multi-channel solution for tax filing and payments
PwC Nigeria
At the current rate of 5%, Nigeria's record VAT collection of N1.1 trillion in 2018 amounts to 0.9% of GDP compared to about 3.8% for commonwealth and ECOWAS countries.
Banwo & Ighodalo
The Tax Appeal Tribunal, South East Zone, sitting in Enugu ("TAT" or the "Tribunal"), recently held that tax audits conducted by relevant tax authorities in violation of statutorily laid...
Andersen Tax LP
When tax revenue grows at a slower rate than the GDP, the tax-to-GDP ratio drops; when tax revenue grows faster than GDP, the ratio increases.
Andersen Tax LP
The Federal Inland Revenue Service (FIRS) recently released the Income Tax (Common Reporting Standard) Regulations (the Regulations), which is effective from 1 July 2019.
Deloitte Nigeria
The Federal Executive Council (FEC) of the Federal Government of Nigeria (FGN) on Wednesday, 11 September 2019, approved a 50% increase in the Value Added Tax (VAT) rate applicable...
Deloitte Nigeria
The Federal Inland Revenue Service (FIRS) recently released the Income Tax (Common Reporting Standard) Regulations (The Regulations).
Andersen Tax LP
On 11 September 2019, the Federal Executive Council (FEC) approved an increase in Value Added Tax (VAT) rate from 5% to 7.2%.
PwC Nigeria
The Federal Inland Revenue Service (FIRS) has issued the Income Tax (Common Reporting Standard) Regulations, 2019 (CRS Regulations).
Banwo & Ighodalo
The Act has significant tax implications for companies carrying on business operations in Nigeria.
Andersen Tax LP
The taxation of services supplied by non-resident foreign companies (NRCs) to Nigerian companies has been an issue of great debate in recent times.
Andersen Tax LP
On 20 August 2019, the Tax Appeal Tribunal (TAT or Tribunal) sitting at Enugu, held that a taxpayer may not be liable to taxes (including interest and penalties)
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Strachan Partners
Tax administration in Nigeria is vested in the three tiers of government.
Banwo & Ighodalo
Nigeria is obliged to pay 2% of its assessable profit as Education Tax.
Andersen Tax LP
On 11 September 2019, the Federal Executive Council (FEC) approved an increase in Value Added Tax (VAT) rate from 5% to 7.2%.
Andersen Tax LP
The Executive Chairman of the Federal Inland Revenue Service (FIRS) and the Minister for Budget and Planning recently alluded to a proposed increase of Value Added Tax (VAT) rate from 5% to 6.5% -7.5%
Deloitte Nigeria
The Federal Executive Council (FEC) of the Federal Government of Nigeria (FGN) on Wednesday, 11 September 2019, approved a 50% increase in the Value Added Tax (VAT) rate applicable...
Deloitte Nigeria
The Tax Appeal Tribunal (TAT or the Tribunal), on 21 August 2019, in the case between Polaris Bank PLC (Polaris or the Appellant) V. Abia State Board of Internal Revenue (ASBIR or the Respondent)
Deloitte Nigeria
Federal Inland Revenue Service (FIRS) on Wednesday, 14 August 2019, issued a public notice informing taxpayers that commission and rebates earned by distributors and customers are subject
AO2 Law
Following the recent ‘naming and shaming' of tax defaulters and their bankers by the Federal Inland Revenue Service (‘FIRS' or "the Service", used interchangeably)
Andersen Tax LP
Based on international trade convention, every country is allowed to adopt laws, rules and regulations that govern its trade relationships with other countries
Andersen Tax LP
It is quite possible that in days ahead, some aggrieved persons may decide to test the above assertion in court.
Deloitte Nigeria
The Federal Inland Revenue Service (FIRS) recently released the Income Tax (Common Reporting Standard) Regulations (The Regulations).
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