The amendment to the Capital Gains Tax Act, by the Finance Act 2020 mandates every person who disposed a chargeable asset to compute the Capital
The Federal Inland Revenue service (FIRS) on the 30th of March 2021, issued a public notice in accordance with Section 18 (1) of the Nigeria
Back in 2015, our firm, Vi-M Professional Solutions, was engaged by the Federal Inland Revenue Service (FIRS) to help Nigerian taxpayers understand tax through weekly tax technical publications in the Guardian Newspapers themed ‘Tax
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.
The Federal Inland Revenue Service (FIRS) has released new Value Added Tax (VAT) filing forms 002 – (for headquarters and branches); and 006 – (for
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
On Wednesday, 24 June 2020, the Federal Inland Revenue Service (FIRS), issued Public Notices in the Newspapers, overturning the Value Added Tax (VAT) Exemptions granted
The Federal Inland Revenue Service (FIRS) has recently migrated to a new online Tax Clearance Certificate (TCC) application portal. All taxpayers i.e. both those whose
On 2 June, 2020, the Federal Inland Revenue Service (FIRS) issued 3 public notices to taxpayers. Here are the highlights: Public Notice 1: The FIRS
