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
As the case for constitutionality of Value Added Tax (VAT) and the appropriate authority for its collection and administration continue to rage, we deem it
Yesterday, 17 September 2020, the Federal Inland Revenue Service (FIRS) issued a Public Notice, directing ALL account holders in Financial Institutions (Banks, Insurance Companies, etc)
In a series of tweets from its twitter handle (@NigeriaGov) earlier today, 17 September 2020, the Federal Government of Nigeria informed the general public that
Yesterday, 5 August. 2020, we at Vi-M Professional Solutions held a webinar on ‘Stamp Duty as it impacts Nigeria’s Real Estate sector’. The following tax men
Stamp Duty (SD) is a type of tax that is applicable on the execution of certain instruments and special documents. For example, Receipts, Agreements, Contracts, Title
The Federal Inland Revenue Service (FIRS) has released new Value Added Tax (VAT) filing forms 002 – (for headquarters and branches); and 006 – (for
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
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
Earlier in the year, the Federal Inland Revenue Service (FIRS) issued a Public Notice to announce the coming into effect of the VATrac- An Automated
