The Federal Inland Revenue Service (FIRS) recently issued an Information Circular to provide clarity on the appropriate tax treatment of foreign exchange (forex) transactions. This
On 27 February 2024, the Federal Government of Nigeria, represented by the Federal Ministry of Interior, launched the Expatriate Employment Levy (EEL) for employers of
The Finance Act 2020, which came into effect on 1st January 2021, amended Section 18(1) of the Nigeria Export Processing Zones Authority (NEPZA) and Oil
The Personal Income Tax Act (PITA), is the basis for calculating, deducting and remitting the monthly employee taxes and direct assessment for individuals in Nigeria.
Happy new year Nigeria!!! Happy new year world!!! We do hope you had that well deserved rest this holiday season after all the challenges of
According to the Federal Inland Revenue Service (FIRS), reporting financial institutions are expected to file their first reports under the Common Reporting Standards Regulations, by 30 September
The Federal Inland Revenue Service (FIRS) today, 30 July 2020, issued a press release to notify taxpayers of a further extension of tax filing deadline by one week, to 7
As a contribution to its quota in mitigating the impact of the Coronavirus (COVID-19) pandemic on Taxpayers, the Lagos State Internal revenue Service (LIRS) following
The Federal Inland Revenue Service (FIRS), last week, issued a Public Notice to counter its September 2016 Public Notice titled, ‘Filing of tax returns by
