by Legalnaija Blawg | Apr 19, 2021 | Uncategorized
Introduction The Federal Inland Revenue Service (“FIRS”), in a Public Notice on the Deployment of Automated Tax Administration Solution (“the Notice”) published in the Nation Newspaper of March 31, 2021, gave notice to all taxable persons[1] and the general...
by Legalnaija | Oct 9, 2017 | Uncategorized
The Lagos State Internal Revenue Service (LIRS) recently issued a public notice (the Notice) with respect to taxation of interest benefits accruing to employees on loans granted by employers. Why tax it? The Notice aims at addressing arrangements where loans are...
by Legalnaija | Oct 8, 2015 | Uncategorized
Credits – Nigerianbestforum.com Tax avoidance and evasion have become the culture of some individuals and businesses operating in Nigeria.One of the latest indexes, “Paying Taxes 2015”, which compares tax systems across the world, ranked Nigeria the 3rd worst...
by Legalnaija | Jul 24, 2014 | Uncategorized
Credits: fearlessforlife.com Nigeria is a developing economy and an economy which recently overtook South Africa to become the continent’s largest economy following the recalculation of GDP and the world’s 26th largest economy, the economy attracts foreign investors...
by Legalnaija | Oct 27, 2012 | Uncategorized
TAX OBLIGATIONS AND RESPONSIBILITIES OF LEGAL PRACTITIONERS by SANMI ABIODUN Obligations in the legal sphere towards tax are in varying capacities; individuals and corporate entities (law firms). The duty of a legal practitioner to tax payments can initially be...
