Deadline for filing income tax and transfer pricing returns – avoid the last minute rush and material penalties

Deadline for filing of annual employers tax returns (Form H1)

The Personal Income Tax Act (PITA) Cap P8 LFN 2004 (as amended) provides that every employer is statutorily required to submit its employers’ tax returns (Form H1) with the relevant tax authority.

Deadline for filing of annual employers tax returns (Form H1)

Under the Personal Income Tax Act, every employer is statutorily required to submit employers’ tax returns (Form H1) with the relevant tax authority of all emoluments paid to its employees in the preceding year.

Lagos State Internal Revenue Service’s public notices on taxation – examining the impact on taxpayers

The Lagos State Internal Revenue Service (LIRS) has issued eleven (11) public notices in various national newspapers since August 2017. The notices are aimed at providing clarity to taxpayers on LIRS’ interpretations of provisions of the Personal Income Tax Act, as amended (PITA) on specific issues and the level of tax compliance required of every employer and employee in Lagos State.

Evidence of tax payment will soon become a prerequisite for issuing passports - FIRS

Evidence of tax payment will soon become a prerequisite for issuing passports – FIRS

As part of the strategy to drive tax compliance, provision of tax clearance certificate (TCC) may soon become a prerequisite for issuance of National passport (what is commonly referred to as “international passport”). This is according to the statement credited to the Executive Chairman of the Federal Inland Revenue Service (FIRS) at the meeting of the Joint Tax Board (JTB) in Abuja, on Monday, 28 November 2016. This requirement is being planned to apply to both fresh applications and renewals of old passport.