Nigeria Tax Highlights – May 2020

May 2020 had the highest number of tax events compared to other months in the year. While the economy was opening after the post-COVID 19,…

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FIRS resumes field audit, investigation, monitoring

Federal Inland Revenue Service (FIRS) will resume field audit, investigation, and monitoring exercises. The Federal tax authority suspended field reviews in April 2020 due to…

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FIRS extends penalty, interest waiver by 1 month

Federal Inland Revenue Service (FIRS) extends the time for tax defaulters to enjoy penalty and interest waiver by one month.  To enjoy the waiver of…

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FIRS information circulars on Finance Act 2019

Nigerian tax system took a giant stride in 2020. Effective 13 January 2020, the Finance Act 2019 introduced significant changes to seven tax laws. It…

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