Stren & Blan Partners’s articles from Stren & Blan Partners are most popular:
- in Nigeria
Stren & Blan Partners are most popular:
- within Consumer Protection, International Law and Antitrust/Competition Law topic(s)
- with readers working within the Banking & Credit, Media & Information and Construction & Engineering industries
The Federal Inland Revenue Service (FIRS) issued an Information Circular on 14th June 2024, to clarify the tax treatment of foreign exchange (forex) transactions ('the Circular'). The Circular aims to improve compliance and transparency among taxpayers by distinguishing between realized and unrealized exchange differences. It clarifies the differences between accounting practices under International Financial Reporting Standards (IFRS) and tax regulations on the tax treatment of these forex transactions.
Open the PDF to continue reading>>
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.
