An unpaid assessment is a tax obligation that an individual or business has not paid. Where a taxpayer delays in clearing a tax liability, this may result in a higher amount payable. A timely reconciliation of open tax issues is…
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The Federal Ministry of Finance has issued transition guidelines for the Tax Acts 2025 in Nigeria. The guidelines show the transition from repealed tax laws to the new laws, application, and administrative rules. Overview and Scope Key Principles Responsibilities of…
Individuals in Lagos State have extra time to file their annual tax returns. The Lagos State Internal Revenue Service (LIRS) has extended the time to file individual tax returns by fourteen (14) days. The initial due date of 31 March…
Taxpayers in Nigeria can check their taxpayer ID (formerly TIN) online. Note that the old Joint Tax Board (JTB) website address, tin.jtb.gov.ng, used for TIN registration and validation is now inactive. The new name for JTB is Joint Revenue Board…
As part of the tax reforms in Nigeria, the functions and powers of the Joint Tax Board have been phased out. A new board, the Joint Revenue Board (JRB), will replace the JTB in 2026. One of the roles of…
Residents of Lagos State can get a TIN (taxpayer identification number) online. The TIN could be for an individual or a business. Lagos State Internal Revenue Service issues TIN to taxable persons in Lagos State. Applying for TIN with LIRS…
The Federal Government of Nigeria has published the Gazette of the Nigeria tax reform acts that were signed into law in 2025. The reform seeks to increase investor confidence, improve the efficiency of the tax system, and boost the economy. …
