Nigeria Tax Highlights for December 2019

Compliments of the season. Welcome to BRC’s monthly series on Tax Highlights in Nigeria. It’s the final edition for the year 2019. Tax events in December 2019 did not slow down despite the festive mood at fiscal year-end. Here are four (4) top events that shaped the Nigerian tax space in December 2019. 

1.  President Buhari appoints Nami as the new chairman of the Federal Inland Revenue Service (FIRS). More details here.
2. FIRS releases circular to guide taxpayers on how to claim tax treaty benefits in Nigeria. More details here.
3. FIRS issues a 7-day ultimatum to tax defaulters. More details on the upcoming tax enforcement exercise are here.
4. President Buhari signs the 2020 Budget into law. More details here.