News & Education
The Federal Inland Revenue Service (FIRS) has again extended the deadline for filing of annual income tax returns and other regular monthly obligations that would become due at the end of July 2020. A public notice signed by the Agency's Executive Chairman, Muhammad Nami, stated that the management of the Service would continue to identify... Continue Reading →
The Federal Inland Revenue Service (FIRS) has issued a clarification on the applicable rates for stamp duty on rent/lease agreements. The Service clarifies that the stamp duty rate on rent agreement is graduated depending on the number of years in the agreement, and not at a flat rate of 6% as widely circulated in the... Continue Reading →
The Kaduna State Internal Revenue Service (KDIRS) has further extended the deadline for the filing of 2019 tax returns from June 1 to September 30. The agency had earlier extended the deadline for the filing of the 2019 Annual Tax Returns (ATR) by two months, from March 30 to May 31. The Executive Chairman of... Continue Reading →
The Lagos State Internal Revenue Service (LIRS) is implementing additional measures to further ease the impact of the pandemic on taxpayers in the state. The Executive Chairman of the Agency, Ayodele Subair, noted that since the outbreak of Covid-19 pandemic, Lagos State Internal Revenue Service (LIRS) has taken several measures to mitigate its impact on... Continue Reading →
The Kebbi State Government has granted tax waivers to individuals, the suspension of the implementation of new rates, fines and levies in the state as part of palliative measures to cushion the effects of the COVID-19 lockdown on business owners and individual tax payers in the state. The Executive Chairman of the Board of Internal... Continue Reading →
In an effort to cushion the effects of the COVID-19 pandemic on taxpayers in Bayelsa state, the Governor of the state, Senator Bouye Diri, has approved a number of tax reliefs for businesses and individuals. The reliefs which were contained in the public announcement signed by the Executive Chairman of the Bayelsa Board of Internal... Continue Reading →
The Ogun State Internal Revenue Service has released a public notice on various COVID-19 palliatives for taxpayers in the state. The notice reads that the palliatives are part of the Ogun State Government's response to the effect of COVID-19 pandemic on businesses and individuals. The palliatives include but not limited to the following: Extension of... Continue Reading →
