The Federal Inland Revenue Service (FIRS) has introduced measures to improve the tax audit experience for all taxpayers in the country.The New measure have reduced the tax audit cycle to 63 days from 90 days and cut out multiple tax audits by various tax authorities through an MoU signed with the Joint Tax Board (JTB)
As the need for more efficient tax administration continues to grow, we have started to see bolder attempts by Revenue Services towards automation of tax remittance processes.
With Nigeria’s presidential elections just two days away, permutations of varying degrees are ongoing in a bid to predict our nation’s incoming president. This is especially because winning the coveted presidential seat requires gaining the highest number of votes cast and clinching at least 25% of votes cast in at least 24 of Nigeria’s 36 states. The electorate could just wait for the results of the election, but it is a known fact that the perception by both the local and international community of the election results will affect the president’s influence.