The central tax authority in Nigeria has launched an online portal for tax filing and administration affairs. Taxpayers can register a new business, make payments, and access their withholding tax status through TaxPro Max, an…
Have you validated your company’s unutilized withholding tax (WHT) credit note position with the Federal Inland Revenue Service (FIRS)? Withholding tax is an advance payment of income tax. The amount withheld will be remitted to…
Taxable persons under the Personal Income Tax Act in Nigeria will use a new basis to determine chargeable income. The changes in personal income tax law are in line with the Finance Act 2020 which…
The Federal Inland Revenue Service (FIRS) has launched the TaxPro MAX portal for payment and filing of tax returns. Taxpayers in Nigeria will use the new portal for tax processes. FIRS user guide for value…
The Federal Inland Revenue Service (FIRS) has released a public notice on the deployment of its Automated Tax Administration Solution. The automation exercise will start on 1 May 2021. FIRS will connect its Automated Tax…
To lower the impact of COVID-19 on taxpayers, the Lagos State Internal Revenue Service (LIRS) has extended the time for filing the annual individual tax returns (Form A) by 14 days. The new deadline for…
Calculate PAYE tax online Online PAYE Tax Calculator with changes in Finance Act 2020 PAYE tax is the tax on employment income. Finance Act 2020 has also introduced changes in how to calculate PAYE tax….
The Lagos State Internal Revenue Service (LIRS) has extended the time for filing 2020 employer tax returns by fourteen (14) days. The initial due date of 31 January 2021 is no more applicable. The new…
There’s a recent update to fifteen laws covering tax as well as non-tax laws in Nigeria. On 31 December 2020, President Muhammadu Buhari approved the 2021 Appropriation Bill and Finance Act 2020. The Finance Act…
In a couple of hours, the year 2020 will be history. The past year has changed the tax outlook in Nigeria, including revenue drive and the new normal. Over the months, we have released various…
The Nigerian Senate passed the 2021 Budget containing an additional expenditure of NGN505billion (+3.84%) on 21 December 2020. President Buhari presented the 2021 Budget to the National Assembly in October 2020, and the amount for…
The Tax Appeal Tribunal (TAT) ruled that sales in the ordinary course of business are not subject to withholding tax (WHT). The decision was reached in a WHT dispute on 30 November 2020 between Tetra…