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FIRS circular on taxation of non-residents in Nigeria

The Federal Inland Revenue Service (FIRS) has issued guidance on the taxation of non-residents in Nigeria. FIRS Information Circular No. 2021/07 of 3rd June 2021 provides information on the Nigerian tax laws for non-residents (individuals or corporate) and their liability to taxes in…

Multichoice Nigeria to pay NGN900bn tax debt to FIRS

Multichoice Nigeria Limited (Multichoice) offers entertainment platforms such as DStv and GOtv. In April 2021, the Federal Inland Revenue Service (FIRS) issued a demand notice of NGN1.8trillion to Multichoice over an alleged NGN1.8 trillion tax evasion. Next, Multichoice appealed with the Tax Appeal…

FIRS information circulars on Finance Act 2020

Effective 1 January 2021, the Finance Act 2020 introduced significant changes to fifteen laws covering tax and non-tax laws in Nigeria. The revenue authority usually releases information circulars to guide stakeholders on the administration of the Finance Act. Consequently, the Federal Inland Revenue Service…

FAQs on FIRS tax registration in Nigeria

The tax registration process in Nigeria should be seamless one. It’s the beginning of communication with the TaxMan. We’ve put together answers to questions on tax registration with the Federal Inland Revenue Service (FIRS). Enjoy! FAQ 1. I have a new business. How…

FIRS extends filing deadline on TaxPro Max

Taxpayers in Nigeria have an additional time of one month to file the company income tax (CIT) returns for the 2021 year of assessment (YOA). The new due date is 31 July 2021. Federal Inland Revenue Service (FIRS) will suspend penalties and interest…

FAQs on Nigerian PAYE tax

If you want answers to common questions on Nigerian PAYE tax, you are in the right place. Personal income tax is a type of direct tax that impacts the net salary of an employee. We’ve addressed twelve (12) frequently asked questions on Nigerian…