The Federal Government of Nigeria has published the Gazette of the Nigeria tax reform acts that were signed into law in 2025. Nigeria Tax Act 2025 (Fair Taxation) Nigeria Tax Administration Act 2025 Nigeria Revenue Service (Establishment) Act Joint Revenue…
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 Federal Inland Revenue Service (FIRS) is the first step in complying with the Nigerian tax law. After registration, FIRS will issue a tax identification number (TIN) to the new user. TIN is important for opening…
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 the way a business supplies goods or services. More so, a foreign company may not need to travel physically to conclude a transaction with a consumer in Nigeria. Another name for a foreign company is a non-resident…
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…
Finance Act (FA) 2023 contains changes in different provisions in the tax and other fiscal laws in Nigeria. FA 2023 will take effect from September 1, 2023 rather than May 1, 2023 based on the Finance Act (Effective Date Variation…
