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COVID-19: FIRS announces waivers

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

COVID-19 Update

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

Major changes introduced by the 2019 Finance Act

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

Making Counts Count

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

Know and Exercise Your Tax Right to Fair Hearing

The Nigerian tax laws provide a taxpayer (individual or corporate) the right to fair hearing as enshrined in the constitution. The Federal Inland Revenue Service (FIRS) however has previously been confronted for allegedly undermining this provision and finalising an assessment without allowing tax payers this