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Is FIRS empowered to place a lien on tax defaulter’s account?

Is FIRS empowered to place a lien on tax defaulter’s account?

Federal Government releases 2016 Fiscal Policy Measures

Federal Executive Council approves new import levy

The Federal Executive Council (FEC) has approved a new 0.2% import levy on eligible imports from African Union (AU) Member States.

The US Embassy and Consulate in Nigeria suspends the interview waiver option (dropbox applications)

The United States Mission in Nigeria has announced the immediate suspension of the interview waivers option popularly referred to as the “Dropbox”.

Mergers and acquisitions now under the joint purview of SEC and FCCPC…till further notice

SEC and FCCPC recently issued joint guidance on submission of notifications for proposed mergers, acquisitions and other business combination notifications

FIRS recommends a 63-day timeline for completion of tax audit exercises

The Federal Inland Revenue Service (FIRS), on 30 April 2019, notified the public that it has introduced new measures to simplify and ease tax audit experience for all taxpayers.

Vacancies in the Nigeria Power Sector Program (NPSP)

We are pleased to announce some vacancies under the Nigeria Power Sector Program, a power sector transformation programme led by Deloitte.

Nigeria’s President declines assent to National Housing Fund Bill, 2018

President Muhammadu Buhari has declined assent to the National Housing Fund (NHF) Bill, 2018 (the Bill) which was recently passed by the National Assembly.

The informal sector to benefit from the contributory pension scheme

In a bid to strengthen the post-retirement financial capability of all working Nigerians, the National Pension Commission (PenCom) has finalised plans to launch the Micro Pension Plan

National Housing Fund (Establishment) Bill 2018. An improvement over the existing Act?

The National Assembly, on 18 February 2019, passed the National Housing Fund (Establishment) Bill, 2018 (the Bill) into law.

FIRS warns defaulting taxpayers about potential restriction on their bank accounts

Federal Inland Revenue Service (FIRS) has issued a warning to defaulting taxpayers on the impending lien to be imposed on their bank accounts for non-compliance