FIRS ISSUES NEW GUIDELINES ON TAX TREATMENT OF ...

FIRS Issues New Guidelines On Tax Treatment Of Foreign ... - Mondaq

The Federal Inland Revenue Service (FIRS) issued an Information Circular on 14th June 2024, to clarify the tax treatment of foreign exchange ...

Taxpayer Guidelines - FIRS - Simplifying Tax, Maximizing Revenue

Taxpayers should remit all taxes to the approved collecting Banks in the various forms so designed for such purposes and obtain an Electronic Ticket (e-ticket).

IRS issues proposed regulations for Corporate Alternative Minimum ...

They also include rules regarding various statutory and regulatory adjustments in determining AFSI; determining if a corporation is subject to ...

FIRS Issues Guidelines on the Tax Treatment of Non-Governmental ...

This circular is issued for the information and guidance of the general public, taxpayers and tax practitioners in line with the provisions of the relevant ...

FIRS issues guidelines on the taxation of NGOs - KPMG International

The Federal Inland Revenue Service (FIRS) recently issued Information Circular No.: 2021/01 (“the Circular”) providing guidelines on the taxation of incomes ...

Tax reform | Internal Revenue Service

... tax reform may affect your company. Qualified Business Income Deduction · Meals and entertainment deduction · International businesses · Other topics. Tax ...

FIRS issues Regulations for taxation of institutions offering non ...

Further, the resale price, excluding the markup, will be treated as a loan repayment and will not be subject to value added tax (VAT), stamp duties and capital ...

FIRS issues tax return guidelines for Free Zone enterprises in Nigeria

Generally,. FZEs are required to fulfil CIT filing requirements on their operations, and deduct taxes on payments to recipients that are not tax exempt ...

FIRS - Simplifying Tax, Maximizing Revenue

This system allows taxpayers to submit genuine e-Invoices and access other related functions for better financial management. TaxPro Max System. resource. This ...

FIRS issues Guidance Notes on Tax Audits and Investigations

The FIRS released Guidance Notes on 28 October 2022 which set out general expectations of stakeholders regarding tax audits and ...

Nigeria issues deduction of tax at source (withholding) regulations ...

Nigerian Minister of Finance and Coordinating Minister of Economy, Olawale Edun, signed into law the deduction of tax at source (withholding) ...

Corporate Alternative Minimum Tax Applicable After 2022

... rules and the Federal income tax rules ... Federal income tax treatment not relevant for AFSI except as otherwise provided in guidance.

Nigeria: Tax & Business Matters

The Federal Government of Nigeria on 2 October 2024, released the official gazette of the “Deduction of Tax at Source (Withholding) Regulations, ...

Nigerian Tax Compliance Review Exercise - Topics/Issues

The Nigerian Federal Inland Revenue Services (FIRS) are sending letters alleging that certain named vessels have traded to Nigeria between 2010-2019 and ...

Tax Policy | U.S. Department of the Treasury

The Office of Tax Policy develops and implements tax policies and programs, reviews regulations ... and cash management decisions. Administration's Revenue ...

Federal Taxes | NBAA - National Business Aviation Association

... tax treatment of business meals and entertainment activities. CARES Act Includes ... issues in federal and state tax regulations, and how to handle them.

Transfer of Certain Credits - Federal Register

The regulations describe rules for the election to transfer eligible credits in a taxable year, including definitions and special rules ...

Frequently Asked Questions Related to the Poverty Guidelines and ...

The poverty guidelines are a simplified version of the federal poverty thresholds used for administrative purposes — for instance, determining financial ...

Income Tax Treatment of Cooperatives - USDA Rural Development

Also, no cooperative is exempt from. Federal income taxation and filing Federal ... A cooperative that issues nonqualified written notices of allocation ...

Part 29 - Taxes | Acquisition.GOV

... and to the pertinent tax laws and regulations. Therefore, when tax questions ... federal excise tax requirements. Questions arising in this area should ...