by Felix | May 28, 2021 | pedabo-insights, Uncategorized
Since the introduction of Transfer Pricing (TP) Regulation 2012 in Nigeria and its amendment via the Income Tax (Transfer Pricing) Regulation in 2018, Nigeria has only conducted a few TP audits. However, starting from the last quarter of 2020 till date, FIRS has...
by Felix | May 25, 2021 | pedabo-insights, Uncategorized
Further to the provisions of the Finance Act 2020 and in line with the Federal Inland Revenue Service (FIRS) mandate to automate the tax administration system, the FIRS has recently launched a one-stop online platform – TaxPro Max. On the platform, taxpayers...
by Felix | May 10, 2021 | pedabo-insights, Uncategorized
The Federal Inland Revenue Service (FIRS) had on 31 March 2021 published a circular titled “Guidelines on the Tax Treatment of Non-Governmental Organisations” and another one titled “Requirements for Funds, Bodies or Institutions for Listing under the Fifth Schedule...
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