Finance Act 2021 Series 8: National Agency for Science and Engineering Infrastructure (NASENI) Levy now introduced
Under the Finance Act 2021, a new Levy – NASENI levy, has also been introduced. This Lev...
Finance Act 2021 Series 7: Rate of Tax for Tertiary Education Trust Fund has now increased from 2% to 2.5%.
Under the Finance Act 2021, the rate of tax for tertiary education trust fund (or tertiary education...
Finance Act 2021 Series 6: Capital allowance claims now formally restricted for small and medium companies.
The Finance Act 2021 clarifies that small companies (making N25 million or less annual turnover) and...
Finance Act 2021 Series 5: CGT at 10% to apply on gains from disposal of Nigerian company shares.
Gains from disposal of shares of a Nigerian company which was previously exempt from Capital Gains T...
Finance Act 2021 Series 4: New Excise Duty on non-alcoholic, carbonated and sweetened beverages
A new Excise Duty has now been introduced in the Customs, Excise Tariffs, Etc. (Consolidation) Act o...
Finance Act 2021 Series 3: There are new rules and new powers for tax administration by the FIRS
Under the Finance Act 2021, the Federal Inland Revenue Service (FIRS) can now deploy their proprieta...
Finance Act 2021 Series 2: Profits of Companies engaged in educational activities no longer exempt from CIT
Under the Finance Act 2021, profits of companies engaged in educational activities will now be liabl...
Finance Act 2021 Series 1: New rules for taxation of non-residents
Under the Finance Act 2021, there are new rules pertaining to how non-residents are subjected to CIT...
Finance Act 2021 has now been issued and signed into law
The Finance Act 2021, the third in a three-year period, has now been issued and signed into law, to ...
FIRS Press Release: Introduction of Self-Service Stations in FIRS’ Offices Nationwide
In its Press Release issued on 9 February 2022, the Federal Inland Revenue Service (FIRS), has notif...