New Update Subsequent to our recent tax alert on the ongoing tax amnesty, we have received further update from the FIRS regarding eligibility for the waiver. The initial...
Every "good thing" has a time line.
It is typical for companies in a particular year, to pay dividends out of retained earnings and/or current year profits. But it could come at a...
The Pension Reform Act of 2014 allows Pension Fund Administrators (PFA’s) to invest funds in companies listed in the Nigerian Stock Exchange or any registered exchange...
Any contractor that is unable to present evidence of tax payment to the Federal Inland Revenue Service (FIRS) will henceforth not be paid by the Federal...
Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, disclosed yesterday that the Nigerian National Petroleum Corporation (NNPC) has an outstanding tax debt of over...
The Federal Government has said that 363,000 companies doing business in Nigeria have never paid tax. Minister of Finance, Mrs. Kemi Adeosun, made this disclosure on...
Chairman of the Federal Inland Revenue Service (FIRS) Babatunde Fowler on Monday, announced that the agency is targeting a revenue of N4.9 trillion in 2016. He...
The Chartered Institution of Taxation of Nigeria (CITN), has said that Nigerians should not expect the economy to grow as long as companies in the country...
Lagos State Internal Revenue Service (LIRS) has shut 13 companies for failure to remit N33.78 million Personal Income Tax of members of their staff to the...
