The Federal Inland Revenue Service (FIRS) earlier issued a Public Notice on 30 April 2020 announcing its decision to waive interest and penalties on outstanding tax liabilities arising from desk reviews, tax audits and investigations. In order to be eligible for the relief, the Service
Imagine a Lagos state with tamed bus stops, uncrowded motor parks, and rush hour commutes that still moved in a steady pace. A Lagos with enough space to actually walk on pedestrian lanes. One where a journey by 8am across 3rd Mainland Bridge would not
In light of the outbreak of COVID-19 in Nigeria, we wish to inform our clients and the general public of the temporary closure of all our offices nationwide, effective Tuesday 24th March, 2020 till further notice. Kindly note that our services are still available and
The Tax Appeal Tribunal (TAT) sitting in Lagos on Wednesday, 19 February 2020, delivered judgment in a matter between Prime Plastichem Nigeria Limited (PPNL) v. Federal Inland Revenue Service (FIRS). This judgement came as the first to be delivered on Transfer Pricing Regulations in Nigeria.
Nexia International (Nexia), according to the latest International Accounting Bulletin (IAB) World Survey, has retained its strong position as the ninth largest global network, as measured by fee income. Nexia Agbo Abel & Co. is a proud member of the Nexia International network. In 2019,
The Finance Act 2019 recently signed into law by the President of the Federal Republic of Nigeria came into effect on 1 February 2020. The Act introduced the much needed changes to Nigeria’s tax and fiscal laws for various strategic purposes, particularly to enable enough
It is that time of the year; when we want to establish how much inventory we would have as at the year-end. From raw materials, work-in-progress, parts and supplies and finished goods, counts would be done. It is however possible for stock count exercises to
