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…
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. …
Businesses in Nigeria will file withholding tax (WHT) returns on TaxProMax for amounts withheld on payment to companies. Withholding tax deducted from certain transactions with companies is payable to the Federal Inland Revenue Service (FIRS). When the WHT return is…
Registering for taxes with the Nigeria Revenue Service (formerly Federal Inland Revenue Service or FIRS) is the first step in complying with Nigerian tax law. After registration, the Nigeria Revenue Service (NRS) will issue a taxpayer ID (formerly tax identification…
What is TaxPro Max? TaxProMax is an online portal by the Federal Inland Revenue Service (FIRS) that seeks to ease tax compliance procedures in Nigeria. The electronic platform allows taxpayers to register for tax, and apply for and check the validity…
Technology has changed how businesses supply goods or services. A foreign company may not need to travel to Nigeria to complete a transaction with a consumer. Another name for a foreign company is a non-resident company. In this article, we…
Federal Inland Revenue Service (FIRS) has introduced a new feature to ease the registration of new taxpayers in Nigeria. The self-registration module on TaxPro Max allows taxable persons to register for taxes with FIRS online. Taxpayers can now register with…
Federal Inland Revenue Service (FIRS) will commence the review of taxpayers’ compliance with value added tax (VAT) and withholding tax (WHT) across the nation. The monitoring exercise on all taxable persons begins on Monday, October 23, 2023. Taxable persons include…
