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FIRS GUIDELINES ON ADVANCE PRICING AGREEMENTS IN NIGERIA: UNDERSTANDING THE PROCEDURES, IMPORTANCE AND IMPACTS OF THE KEY PROVISIONS.

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...
LAGOS STATE INTERNAL REVENUE SERVICE (LIRS) SETS JANUARY DEADLINE FOR FILING ANNUAL RETURNS

LAGOS STATE INTERNAL REVENUE SERVICE (LIRS) SETS JANUARY DEADLINE FOR FILING ANNUAL RETURNS

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....
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