by Stren & Blan Partners | Sep 1, 2025 | Insight, Tax
The Federal Inland Revenue Service (FIRS) is changing how businesses issue invoices and report Value Added Tax (VAT). The new mandatory electronic invoicing (e-invoicing) system introduced by the FIRS Public Notice issued on 9 July 2025, officially announced the...
by Stren & Blan Partners | Aug 6, 2025 | Insight, Tax
On 30th April 2025, Lagos State Internal Revenue Service (LIRS) released a Public Notice to clarify how to operate the 2024 Withholding Tax Regulations within the State. The Notice flows directly from the Deduction of Tax at Source (Withholding) Regulations 2024,...
by Stren & Blan Partners | Jul 7, 2025 | Insight, Tax
On Thursday, 26th June, 2025, President Bola Tinubu signed Four Tax Bills (Now Acts of the National Assembly) into Law. These New Acts, which are projected to transform Nigeria’s fiscal and revenue framework, include the Nigeria Tax Act, the Nigeria Tax Administration...
by Stren & Blan Partners | Jun 19, 2025 | Insight, Tax
As global economic headwinds intensify and domestic fiscal pressures mount, emerging economies are being compelled to reassess the sustainability of their revenue systems and the efficiency of public spending. Nigeria is no exception. Despite its vast economic...
by Stren & Blan Partners | Mar 24, 2025 | Insight, Tax
Transfer Pricing (TP) is often associated with contentious disputes. This is understandable, as tax audits frequently involve the uncertainty surrounding what constitutes a “fair price,” especially in the absence of comparable transactions, issues of...
by Stren & Blan Partners | Jan 21, 2025 | Insight, Tax
The Lagos State Internal Revenue Service (LIRS) recently issued a Notice (the “Notice”) to employers in the State to file their annual tax returns for the 2024 financial year on or before 31st January 2025. Pursuant to Section 81(2) of the Personal Income Tax Act....
