Lagos State has finally explained this often used ‘tax loophole’
The Lagos State Internal Revenue Service (LIRS) recently issued a public notice to all employers, company owners and their representatives, ...
Tag: Personal Income Tax
News and analysis about Personal Income Tax
STARTUPs: How to prepare for Lagos State’s PAYE mid year tax review
Don't get caught...
Taxation of entertainers and sportsmen in Nigeria – What, how and where?
Nairametrics| It is trite that around the world, entertainers and sportsmen are some of the highest paid individuals. Their sources ...
World Bank Is Asking FG to Increase Taxes in Order to Service Debts
Will Nigerians take that lightly?
FHC Ruling On ₦50 Stamp Duty On Bank Deposits Explained
Deloitte| A Federal High Court (FHC) on 13 March 2017, delivered a judgment on the validity of the circular issued ...
Analysis: Are Expenses Incurred Outside Nigeria Tax Deductible?
Tax Deductibility Of Expenses Incurred Outside Nigeria: Are Days Of Arbitrary Awards Over? The increased pace of globalisation has not ...
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 ...
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. ...
