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General NewsTAX TIPS

Tax Alert: FIRS Issues Notice to Taxpayers with Annual Turnover of N1 Billion and above

August 24, 2018 0 Comments

On 24 July 2018, the Federal Inland Revenue Service (FIRS) issued a Public Notice (PN) addressed to taxpayers with annual turnover of N1 billion and above. Based on the PN, the FIRS will prosecute taxpayers (falling within the income bracket of N1 billion and above) who have failed to remit their taxes.

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General NewsTAX TIPS

Federal High Court Rules that Telecommunication Mast Sites do not Constitute Business Premises for Tax Purposes

August 24, 2018 0 Comments

The Federal High Court (FHC) recently held, in the case between IHS Nigeria Limited (IHS) vs Attorney General of the Federation & Others, that telecommunications mast/base stations do not constitute “Business Premises” in respect of which “Business Premises Registration fees” or “Environmental Support fees” are collectible by the State Government.

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TAX TIPS

TAX TIPS

August 24, 2018 0 Comments

Benefits of Good Record-keeping to your Business Avoid headaches at tax time by keeping track of your receipts and other records throughout…