The Federal Inland Revenue Service (FIRS) recently issued an Information Circular to clarify the scope, purpose, requirements, triggers, and methods for its various tax inquiry
Navigating the tax landscape as a non-resident individual or company in Nigeria can be complex, but understanding the rules and regulations is essential. Through its
Pursuant to the provisions of section 10 of the Value Added Tax (VAT) Act (as amended), which bothers on VAT obligations for Non-Resident Suppliers (NRS),
The Federal Inland Revenue Service (FIRS) on 14 August 2023, issued an Information Circular to provide guidance on the taxation of Limited Liability Partnerships (LLPs)
Tax season can be a stressful time for many individuals and businesses. The complexities of tax laws, changing regulations, and the fear of making costly
Tax due diligence is a crucial aspect of any significant business transaction, ensuring that all tax-related risks and obligations are identified, assessed, and properly managed.
As has been our firm’s tradition for some years now, this year 2023, Vi-M Professional Solutions will once again be celebrating International Women’s Day (IWD)
In a recent Memorandum of Understanding signed by the Federal Inland Revenue Service (FIRS) and the Lagos Internal Revenue Service State (LIRS), both agencies have
In its 7th November 2022 Public Notice, the Federal Inland Revenue Service (“FIRS” or the “Service”) informed all persons carrying on a trade, profession or any kind of
If you are a #trader out there (or interested in trading) and need to learn how the new CBN cash withdrawal limits will impact your business and
