Introduction Remote work is the practice of employees doing their jobs from a location other than a central office operated by the employer hence the remote taxation. Such locations could include an…
Category: Nigeria
Federal Inland Revenue Service of Nigeria Demands ₦1tr tax remittance from MDAs
MDAs Remittance is now expected to be a major pool of tax revenue for the administration Federal Inland Revenue Service (FIRS) of Nigeria has demanded that the ministries, departments, and agencies (MDAs)…
Manufacturing Sector in Nigeria Suffers Infrastructural Deficit Despite Paying Highest Tax
Recent statistics show that despite the huge contribution of the manufacturing sector, the sector still suffers from poor infrastructure. A breakdown of the top five contributing sectors in Q1 2022 shows that…
Nigeria-Inflation: Governors Clamour for Increase in VAT
Governors in Nigeria wants the Value Added Tax Rate Reviewed. Suggests that civil servants above 50 years should be compulsorily retired and paid off. Nigeria-Inflation is fast raising the concerns of different…
Taxation in Lagos-Nigeria: LIRS Launches Whistle Blower Policy
Lagos Internal Revenue Services, LIRS, today Friday, August 5th 2022 will launch a Whistle-Blower Initiative. Taxation in Lagos-Nigeria has received a renewed drive as all is set for the Lagos State Internal…
Transfer Pricing Documentation In Nigeria
Abdulateef Olatunji ABDULRAZAQ Transfer Pricing Documentation in Nigeria is very critical to TP compliance. This article aims at revealing all there is to navigating the concept’s documentation processes from a Nigerian perspective….
Telecom Tax in Nigeria: More Tax Looms as Minister Rejects 5% Excise Tax
The federal government of Nigeria continues to mull the possibility of imposing a 5% excise fee on telecommunication taxes. The Minister of Communications and Digital Economy, Isa Pantami has declared his opposition…
Nigeria Multiple Taxes: Over Regulation Affecting Business Growth
Nigeria multiple taxes have attracted the attention of the Private Sector Operators as they protest the federal government’s implementation of multiple taxations across sectors. In expressing their discontent with this act, the…
LIRS NIGERIA: Optimizes Payment of Taxes, To Start August 1st 2022
The digitally inclined move will now require a 5-step approach to generating a digital reference that will enable payment of taxes through the e-tax platform. Taxpayers in LIRS Nigeria net are now…