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