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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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…

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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…

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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…

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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…

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