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...
FIRS Public Notice: TaxPro-Max Solution as A Replacement of SIGTAS-Integrated Tax Administration System Solution (ITAS)
The Federal Inland Revenue Service (FIRS), has through its Public Notice of 8 February 2022, officia...
FIRS Public Notice: Treasury Bills, Other Government Securities and Bonds Are No Longer Exempt from Companies’ Income Tax
Effective 2 January 2012, former President Goodluck Jonathan signed into law, the Companies Income T...
Federal Ministry of Interior Issues Additional Guidelines for Administration of Expatriate Quota and Other Business Instruments in Nigeria.
The Federal Ministry of Interior (FMI or the Ministry) on Monday, 24 January 2022 issued a Public No...