Resources

FIRS Tax Resources

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    Value Added Tax (VAT)

    This circular aims primarily at providing the basic information to enlighten members ofthe public, and all operators of Value Added Tax. This is to facilitate the successful implementation of the new scheme, and to help you to understand the implementation of VAT in Nigeria.

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    National Tax Policy (NTP)

    The National Tax Policy (NTP) was first published in 2012, as part of the efforts to entrench a robust and efficient tax system in Nigeria. demand new strategies to continue to meet government objectives of creating an enabling environment, simplifying the tax system and ensuring ease of compliance. 

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    VAT On Imports

    This Circular is issued to throw more light on the administration of VAT on imports and they are intended to ease compliance. The circular is to educate specifically importers of goods and services into Nigeria, including those imports brought in through postal services.

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    Tax Laws

    Tax legislation is the act or process of enacting tax laws and the body of laws that provide for the levying of taxes and tax administration. Explore the existing tax legislation in Nigeria.

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    Tax-payer Guidelines

    Navigate the intricacies of tax compliance with our comprehensive Taxpayer Guidelines. Explore essential information, step-by-step procedures, and strategic insights to empower individuals and businesses in meeting their tax obligations efficiently and in accordance with regulatory standards.

CAC Tax Resources

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    CAC Operations Checklists 2022

    The Corporate Affairs Commission was originally established by the Companies and Allied Matters Act, 1990. The Act was repealed, and a new Companies and Allied Matters Act (CAMA) enacted in 2020. The new legislation saved all actions undertaken under the repealed legislation including the establishment of the Commission. 

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    Companies and Allied Matters Act, 2020

    Explore insights of the Companies and Allied Matters Act, 2020 with this comprehensive resource. Stay updated on the latest legal frameworks and strategic guidelines for effective corporate governance and compliance.

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    CAC Companies Regulations 2021

    Stay informed on the latest corporate regulations with our curated resources on the Corporate Affairs Commission (CAC) Companies Regulations 2021. Explore key updates, compliance guidelines, and strategic insights to ensure your business adheres to the latest regulatory standards for corporate governance.

BIG 4 Resources

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    PWC 

    See tax publications from PWC, a reputable organization. 

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    KPMG

    See tax publications from KPMG, a reputable organization. 

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    Deloitte

    See tax publications from Deloitte, a reputable organization. 

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    Ernst & Young

    See tax publications from EY, a reputable organization. 

Other Tax Resources

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    Individual - Taxes on Personal Income

    Individuals that reside in Nigeria are taxable on their worldwide income. In the case of employment, a non-resident person is liable to tax in Nigeria if the duties of employment are wholly or partly performed in Nigeria.

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    Nigerian Tax System: Implications For Foreign Investors

    Explore the nuances of the Nigerian Tax System and its implications for foreign investors. Our resources provide valuable insights into tax regulations, compliance requirements, and strategic considerations, ensuring informed decision-making for international businesses entering the Nigerian market.

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    Corporate - Taxes on Corporate Income

    Resident companies are liable to corporate income tax (CIT) on their worldwide income while non-residents are subject to CIT on their Nigeria-source income. The CIT rate is 30% for large companies (i.e. companies with gross turnover greater than NGN 100 million), assessed on a preceding year basis (i.e. tax is charged on profits for the accounting year ending in the year preceding assessment).

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    Nigeria Tax Data Card 

    Updated Tax Data Card for 2023 (Nigeria Tax Summaries) is now available. The publication is a summary of the major tax and related regulations in Nigeria.