Get Tax ID from Joint Revenue Board Nigeria
As part of the tax reforms in Nigeria, the functions and powers of the Joint Tax Board have been phased out. A new board, the Joint Revenue Board (JRB), will replace the JTB in 2026. One of the roles of…
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How to get individual tax clearance certificate
“We will require your tax clearance certificate to……”. “Please submit your TCC to complete the application”. If you are an employee or self-employed person in Nigeria, you may have heard these words from a bank or government agency. The first…
How to register for tax with FIRS-Federal Inland Revenue Service
After the Corporate Affairs Commission (CAC) issues a certificate of incorporation or registration certificate to a business, what next? This question is one of the pressing issues for new business owners in Nigeria. Depending on the type of industry, a…
How to register for tax with FCT Internal Revenue Service
Upon commencement of a business in Nigeria, a taxable person shall register for taxes. Every taxable person will register with the Federal Inland Revenue Service (FIRS) as well as the relevant State Internal Revenue Service (IRS). Registration with FIRS does…
FIRS releases new value added tax (VAT) form in Nigeria
The Federal Inland Revenue Service (FIRS) has released three new forms for filing monthly Value Added Tax (VAT) returns. Two VAT Form 002 that applies to head office and branch office while the third Form 006 is for withholding VAT…
LIRS grants waiver on penalty, interest, tax credit and others
The COVID-19 pandemic has changed the way businesses sustain their operations; likewise, the tax and regulatory authorities. A tax authority may choose from two options in the post COVID-19 economy. Option 1: Maintain status-quo and wait for taxpayers to settle…
FIRS waiver on penalty, interest extended by 2 months
Federal Inland Revenue Service (FIRS) has allowed additional time for tax defaulters to enjoy penalty and interest waiver by two (2) months. The tax waiver covers outstanding tax payments on self-assessment filing, tax audit, investigation, and desk review assessments. It…
LIRS introduces online meeting for tax audit reconciliation
After the tax authority conducts an audit on business records, the next step is usually a tax audit reconciliation meeting. The purpose is to resolve any outstanding tax issues in a physical visit to the tax office. However, the COVID-19…