Tag Archives | FIRS

Calculating numbers for income tax return with glasses pen and calculator

KPMG Nigeria Tax Alert

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, was the […]

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KPMG Nigeria holds a Tax Breakfast Meeting

KPMG in Nigeria is pleased to invite you to the quarterly Tax Breakfast Meeting holding on […]

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Nigeria Transfer Pricing (TP) Audit Experience

It is no surprise that over the past year the FIRS has embarked on an […]

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Nigeria’s FIRS and the Principle of Expectation

We were having a meeting with a client the other day, on a peculiar tax situation they were likely to face on a proposed contract. We had expressed our view on the issue, but further suggested that the matter be referred to the Federal Inland Revenue Service (FIRS) for their opinion. But there was a problem. The problem, as pointed out by the client, was how much reliance they could place on the opinion from the FIRS.

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The Future of Our Cities

Potential Risks in the Safe Harbor Provisions of Nigeria’s Transfer Pricing Regulations

Safe harbors are music to the ears of many tax practitioners and taxpayers in the transfer pricing world. When Nigeria’s Federal Inland Revenue Service(FIRS) published the transfer pricing regulations, taxpayers celebrated the inclusion of safe harbor provisions.

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