Accounting For VAT in Nigeria – Cash or Accrual Basis?
The Value Added Tax Act (VATA or the Law), 2007 governs the administration of VAT in Nigeria. VAT is levied ...
Tag: PAYE
Tutorials and analysis on Pay as you Earn Tax
6 Key Clarifications On The FIRS Tax Amnesty Program (Updated)
New Update Subsequent to our recent tax alert on the ongoing tax amnesty, we have received further update from the FIRS regarding ...
FIRS Grants 45 days Amnesty To Tax Payers; Here Is What You Need To Know
Every "good thing" has a time line.
Nigeria’s Excess Dividend Tax Explained
It is typical for companies in a particular year, to pay dividends out of retained earnings and/or current year profits. ...
Conditions For Nigerian Pension Funds (PFA) To Invest In Shares
The Pension Reform Act of 2014 allows Pension Fund Administrators (PFA's) to invest funds in companies listed in the Nigerian ...
Contractors Must Be Tax Compliant Before They Get Paid – Buhari
Any contractor that is unable to present evidence of tax payment to the Federal Inland Revenue Service (FIRS) will henceforth ...
FIRS Says NNPC Is Owing Over $300 Million In Tax
Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, disclosed yesterday that the Nigerian National Petroleum Corporation (NNPC) has ...
![[Revealed] 363,000 Companies Never Paid Any Tax In Nigeria – Adeosun](https://nairametrics.com/wp-content/uploads/2016/04/Kemi-Adeosun-Minister.jpg)
[Revealed] 363,000 Companies Never Paid Any Tax In Nigeria – Adeosun
The Federal Government has said that 363,000 companies doing business in Nigeria have never paid tax. Minister of Finance, Mrs. ...
FIRS Boss Says Agency Is Targeting Revenue Of N4.9 Trillion In 2016.
Chairman of the Federal Inland Revenue Service (FIRS) Babatunde Fowler on Monday, announced that the agency is targeting a revenue ...
Nigeria’s Economy Will Not Grow If Companies Keeps Evading Tax – CITN Boss
The Chartered Institution of Taxation of Nigeria (CITN), has said that Nigerians should not expect the economy to grow as ...
