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 nature of the industry, location, residency status, and turnover of the business. FIRS may assign a company to a tax office in a different local government area from the taxpayer’s corporate address. A good comparison is a non-oil company and a manufacturing business. Non-oil companies with NGN1 billion and above turnover are required to file their corporate tax returns at the nearest large tax office (LTO). However, manufacturing and conglomerates in Lagos State file tax returns at the LTO Non-Oil, Ikeja. A good understanding of FIRS mapping of taxpayers based on segment comes in handy when a business wants to know the appropriate tax office.