FIRS ISSUES' CLARIFICATION CIRCULARS ON FINANCE ACT

FIRS Issues Information Circulars on provisions of tax laws ...

4. Clarification of the Provisions of The Finance Act, 2020 as it relates to Personal. Income Tax Circular (“PITA”). Circular No. 2021 ...

clarification on finance act, 2023 amendment to petroleum profits tax ...

This information circular is issued to provide clarification on the ... the first instance or a time stipulated in the law or Regulations ...

FIRS Issues Clarification on Sundry Provisions of The Finance Act ...

The Finance Act 2019 amended various provisions of thetax laws. While the Federal Inland Revenue Service has issued circulars on somespecific amendments, this ...

FIRS Finance Act Circular: Clarifications on sundry changes to the ...

The Federal Inland Revenue Service (FIRS) has issued a circular to clarify some of the changes to the Companies Income Tax Act (CITA) introduced by the Finance ...

FIRS issues information circular on the implementation of VAT ... - PwC

The Finance Act (FA) 2019 introduced significant amendments to the Value ... In this publication, we examine some of the matters clarified in the FIRS circular,.

FIRS Circular on taxation of insurance companies - Nigeria - TypePad

The Finance Act (FA) 2020 introduced certain amendments to the taxation of insurance companies. Consequently the Federal Inland Revenue Service (FIRS) ...

firs-issues-information-circulars-on-provisions-of-tax-laws-amended ...

(“SEC Lending Circular”);. 3. Clarifications on Sundry provisions of the Finance Act. 2019 as it relates to Companies Income Tax Act (“CITA. Circular”);. 4 ...

FIRS ISSUES' CLARIFICATION CIRCULARS ON FINANCE ACT

The Federal Inland Revenue Service (FIRS) issued a series of circulars dated 29th of April 2020 to address and explicate tax treatments and hitherto ambiguous ...

FIRS Issues Information Circulars on Various Provisions of the ...

... , the FIRS issued a series of Circulars to provide clarifications on the amendments introduced by the Finance Act, 2019 to the Nigerian tax laws

FIRS information circulars on Finance Act 2020

Consequently, the Federal Inland Revenue Service (FIRS) has released three information circulars to clarify the Finance Act 2020. Topics covered include ...

matters-arising-from-implementation-of-finance-act-2021.pdf

Consequently, affected taxpayers may need to engage with the FIRS on this issue. Commentary. Most of the clarifications issued by the FIRS in its Circular are ...

Taxpayer Guidelines - FIRS - Simplifying Tax, Maximizing Revenue

Clarifications on the Provisions of Capital Gains Tax (CGT) Act. pdf icon. Clarification on Sundry Provisions of the Finance. pdf icon. Taxation of Companies ...

FIRS Finance Act Circular - PwC

We highlight the key issues below. Commencement and cessation rules. The FIRS clarified that: 1. A company that commences business ...

Highlights of Nigeria's Finance Act 2021 discusssed

It further states that the amendment also provides that the FIRS may issue further guidelines to give effect to the provisions of section 10 of ...

TAX - Udo Udoma & Belo-Osagie

FIRS ISSUES INFORMATION CIRCULAR. TO PROVIDE CLARIFICATION ON THE. VALUE ADDED TAX PROVISIONS OF. THE FINANCE ACT 2019. Introduction. The Finance Act 2019 (the ...

FIRS information circulars on Finance Act 2019

Consequently, the Federal Inland Revenue Service (FIRS) has released seven information circulars clarify different sections of the Finance Act. Topics ...

FIRS Issues Information Circulars On Provisions Of Tax Laws ...

FIRS Issues Information Circulars On Provisions Of Tax Laws Amended By The Finance Act, 2020 ; CGT Circular"). ; Business re-organisation Circular"). ; REIC ...

ANALYSIS OF FIRS' CIRCULAR ON IMPLEMENTATION OF VAT ...

The FIRS in this Circular provided the much-needed clarifications on some of the teething issues in the Finance Act. However, we note that the ...

FIRS Issues Information Circulars to Clarify the Provisions of the ...

The Federal Inland Revenue Service (FIRS) has recently issued Information Circulars clarifying many provisions of the Finance Act, 2019.

Nigeria: FIRS issues several Circulars on provisions of tax laws ...

The Circulars provides guidance to stakeholders regarding the interpretation of the amendments to extant tax laws by the Finance Act 2019, and practical issues ...