COVID-19: FIRS extends the period to enjoy a waiver of interest and penalty from the settlement of outstanding tax liabilities
The Federal Inland Revenue Service (FIRS) recently issued a Public Notice extending the deadline for obtaining a waiver of interest and penalty on outstanding tax debts resulting from tax desk review, audit and/or investigation assessments, from 31 May 2020 to 30 June 2020.
FRC guidance for External Auditors: COVID-19 and its impact on the audit of reporting entities in Nigeria
As COVID-19 spreads and the impact is felt, regulators in Nigeria and around the world have issued guidance to entities under their control to provide direction on the impact of COVID-19 on the reporting obligations of those entities.
COVID-19: FIRS waives interest and penalty arising from outstanding tax audit liabilities
The Federal Inland Revenue Service (FIRS) recently issued a Public Notice communicating the waiver of interest and penalty on outstanding tax debts arising from tax desk review, audit and/or investigation exercise.
Webinar invitation – COVID-19: Economic impact scenarios and business tax imperatives
Join our experts as they discuss the economic impact of the COVID-19 pandemic and the critical economic, tax and other fiscal measures targeted at alleviating the economic impact of the pandemic.
Webinar invitation – FRC Guidance for preparers of financial statements during COVID-19
We are pleased to invite you to join our live webinar on Wednesday, 29 April 2020 as we discuss the “Financial Reporting Council (FRC) Guidance for preparers of financial statements during COVID-19”.
Nigeria rolls out additional fiscal measures to stimulate the economy in response to the impact of COVID-19 and decline in oil price
Nigeria’s Minister of Finance, Budget and National Planning (‘the Minster’) on 6 April 2020, issued a press statement, to communicate a Fiscal Stimulus Package to address the economic challenges created by COVID-19 (The Pandemic) and the slump in crude oil prices.
COVID-19: Nigeria rolls out various regulatory and fiscal measures to provide relief
This newsletter examines the various measures put in place in Nigeria to contain the spread of COVID-19 and also alleviate the impact of the Pandemic.
COVID-19: House of representatives pass Emergency Economic Stimulus Bill 2020
In a bid to alleviate the adverse financial impact of the COVID-19 Pandemic on individuals and organizations in Nigeria, the House of Representatives recently passed the Emergency Economic Stimulus Bill 2020.
Federal Government of Nigeria announces further measures to curb the spread of Covid-19
In furtherance of the efforts to curtail the wanton spread of the novel Coronavirus (COVID- 19 or the virus), the Federal Government of Nigeria (FGN) recently announced the following additional measures meant to last for four weeks, subject to further review