FIRS Has Requested Parties To Production Sharing Contracts In The Petroleum Sector To Start Filing CIT Returns

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The Federal Inland Revenue Service discussed specific tax issues affecting parties to a Production Sharing Contract in the upstream petroleum industry.

Nigeria Tax

Taiwo Oyedele

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The Federal Inland Revenue Service (FIRS) held a workshop on 6 June 2014 to discuss specific tax issues affecting parties to a Production Sharing Contract (PSC) in the upstream petroleum industry. Specifically, the FIRS requested that parties to a PSC start filing Companies Income Tax (CIT) returns.

See our tax alert below for details.

Download PwC Tax Alert - PSC and CIT returns

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Taiwo Oyedele

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FIRS Has Requested Parties To Production Sharing Contracts In The Petroleum Sector To Start Filing CIT Returns

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