FIRS introduces new Large Tax Office Non-Oil in Apapa

For amounts payable to the Federal Inland Revenue Service (FIRS), the relevant tax office of a taxpayer depends on four (4) factors. They are the…

Comments Off on FIRS introduces new Large Tax Office Non-Oil in Apapa

Rates for capital allowance in Nigeria

In financial accounting, a business can depreciate its fixed assets with a straight-line method or reducing balance method or units of production. However, the principle…

Comments Off on Rates for capital allowance in Nigeria

Nigeria Tax Highlights – April 2020

Several non-essential businesses and workers stayed indoors in April 2020 due to the pandemic. As the Federal Government and State Government offered palliatives to citizens,…

Comments Off on Nigeria Tax Highlights – April 2020

PAYE tax calculator (Nigeria) with user guide

Usually, the gross salary on an employment contract differs from the monthly salary which an employee receives. Our earlier article on payroll and statutory contributions…

Comments Off on PAYE tax calculator (Nigeria) with user guide

FIRS offers more tax concessions during COVID-19

The Federal Inland Revenue Service (FIRS) has announced extra tax concessions in response to COVID-19. Option to pay tax in Naira: Tax is payable in…

Comments Off on FIRS offers more tax concessions during COVID-19