The acting Executive Chairman of the Federal Inland Revenue Service (FIRS) in a press conference and meeting with stakeholders on resuming office disclosed the focal areas for his administration. Amongst the many areas stated was the enforcement of advance Companies' income tax (CIT) on interim dividends. Letters have now been issued to some affected companies and also a public issued to that effect.
Read our tax alert below on the subject and download a copy of the FIRS public notice.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.