Tax Discourse

Section 59 (1) of the Federal Inland Revenue Service (Establishment) Act, 2007 (FIRSEA) established the Tax Appeal Tribunal (TAT) with powers to settle disputes between tax authorities and taxpayers in Nigeria. The

Current State of the Petroleum Industry Bill (PIB) The latest public version of the PIB was sent by the Presidency to the National Assembly in July 2012. After being in a state

It is a matter of when and not if, for a taxpayer engaged in related party transactions and which has submitted its transfer pricing (TP) returns to Federal Inland Revenue Service (FIRS),

The desire to create, inculcate and institutionalise a voluntary tax compliance culture amongst Nigerians is not misplaced. However, the real fact is that tax has never been a voluntary payment. “It is

The last time any new tax authority of the status of a state internal revenue service was established in Nigeria was 19 years ago. This happened in 1996 following the creation of

BUSINESSES have to deal with a myriad of issues and overcome many hurdles to become established and remain afloat. From business registration to obtaining permits, raising capital, registering property, dealing with customs

“A budget is telling your money where to go instead of wondering where it went.”– Dave Ramsey THE 2015 Budget of the Federal Government of Nigeria (FGN) was presented to the National