The Federal Inland Revenue Service (FIRS) has launched the TaxPro MAX portal for payment and filing of tax returns. Taxable persons in Nigeria and non-resident persons can use the new portal for tax processes. FIRS user guide for value added tax will help users navigate the online portal with ease. Visit https://taxpromax.firs.gov.ng Existing users can…
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 Administration Solution to tax records, point of sales, or invoice portal of taxable persons or their representatives. The purpose is…
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 filing Form A is 14 April 2021. More details on Form A in Nigeria is here. Taxpayers can access their…
Calculate PAYE tax online Online PAYE Tax Calculator with changes in Nigeria Tax Act 2025 PAYE tax is the tax on employment income. Nigeria Tax Act 2025 has also introduced changes in how to calculate PAYE tax. In Nigeria, an employer is responsible for deducting and remitting the tax amount to the revenue authority. Complying…
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 deadline is now Sunday, 14 February 2021. The extension of time became necessary due to effect of COVID-19 pandemic on…
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 2020 amends some provisions in fourteen laws and creates a new Act. They are Capital Gains Tax Act Companies…
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 tax alerts in new tax law, series of public notices, circulars, disputes, incentives, waivers, palliatives, changes in tax administration re…
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 expenditure was NGN13.08 trillion. Revised total expenditure is NGN13.58 trillion, while the revenue remains unchanged at NGN7.886 trillion. Two main…
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 Pak West Africa Limited and FIRS (Federal Inland Revenue Service). Background The principal activity of Tetra-Pak West Africa Limited…
While Nigeria was trying to recover from the economic disruption from the COVID-19 pandemic, another nationwide lockdown emerged in October 2020. The lockdown was an outcome of the EndSARS protest. EndSARS is a movement to stop police brutality in Nigeria as well as to seek political and economic reforms. The peaceful movement in October 2020…