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DECODING NIGERIA’S 2024 TAX REFORM BILLS: KEY PROVISIONS AND IMPLICATIONS FOR INDIVIDUALS AND THE BUSINESS LANDSCAPE

DECODING NIGERIA’S 2024 TAX REFORM BILLS: KEY PROVISIONS AND IMPLICATIONS FOR INDIVIDUALS AND THE BUSINESS LANDSCAPE

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...

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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