Tag covid-19

EndSARS: FIRS Nigeria grants tax palliative

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…

Nigeria Tax Highlights – July 2020

Welcome to the monthly series on Nigeria Tax Highlights. In this summary, we have put together the top 5 events that will bring us up to speed with the Nigerian taxation for July 2020. Here are the five (5) blog…

Lagos State reverses Land Use Charge to pre-2018 rates

Further to the tensions of Lagosians on the exorbitant rates for land use charge, the Lagos State Government has issued a reform that will ease the financial burden of residents. The Lagos State Government (LASG) has, therefore, reversed the rates…

Nigeria Tax Highlights – May 2020

May 2020 had the highest number of tax events compared to other months in the year. While the economy was opening after the post-COVID 19, the government was releasing several tax updates. The tax news came from tax authorities, Finance…

FIRS extends penalty, interest waiver by 1 month

Federal Inland Revenue Service (FIRS) extends the time for tax defaulters to enjoy penalty and interest waiver by one month. To enjoy the waiver of penalties and interests, a taxpayer must liquidate the outstanding tax liabilities on or before 30…