LIRS Extends Deadline For Filing Annual Tax Returns   The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing of Annual Returns for Individual taxpayers including self-employed persons for two (2) months from April 1 to May 31, 2020. Statutorily, the filing of annual...

Tax: Ease of payment critical to national development – FIRS A tax system designed to facilitate  voluntary compliance and seamless payment by  taxpayers is critical to achieving the Sustainable Development Goals (SDGs) in Nigeria and all the three tiers of government in the country should work towards...

FIRS Sets April 1 For eVAT Collection For Superstores, Others   The Federal Inland Revenue Service (FIRS) has stated that its Automated Value Added Tax (VAT) collection for branded shops, superstores, general supermarkets, standard restaurants and eateries nationwide will become effective from April 1, 2020. Chairman of...

How AI, Machine Learning, Others Challenge tax collection, by FIRS    The Executive Chairman (EC), Federal Inland Revenue Service(FIRS), Mr. Muhammad Nami, has alerted tax administrators in developing countries especially Africa to the disruptive tendencies embedded in the Fourth Industrial Revolution as currently being driven...

Fed Govt To Review Tax Exemption For Pioneer Firms   The Federal Inland Revenue Service has accused some multinationals operating in Nigeria of not paying the required tax to government by lying on their pioneer status to get tax exemption for five years instead of the...

FIRS Moves to block PAYE tax leaks in MDAs The Federal Inland Revenue Service (FIRS) is working closely with Ministries, Departments and Agencies (MDAs) to increase the rate of compliance with the remittance of Pay-As-You-Earn (PAYE) tax and block loopholes being exploited by the MDAs...