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Tax

News & Events  ·  Tax
FIRS lacks the powers to impose turnover assessment on the value of properties

In the recently decided case of Theodak Nigeria Limited (Theodak) v. Federal Inland Revenue Service, the Federal High Court held that the Federal Inland Revenue Service (FIRS) acted ultravires the powers granted to it by the Companies Income Tax (CIT) […]

by FSAdmin

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Tax
Nigerian President signs executive order mandating Nigerian taxpayers to declare and pay tax on their offshore assets

Nigerian President signs executive order mandating Nigerian taxpayers to declare and pay tax on their offshore assets. The Nigerian President, Mohammadu Buhari on the 8th of October signed the Executive Order 8 of 2018 (EO8) on Voluntary Offshore Asset Regularization […]

by FSAdmin

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