The Lagos Internal Revenue Service (LIRS) and the Federal Inland Revenue Service (FIRS) have issued a public notice on the Memorandum of Understanding (MoU) signed by both agencies to establish a Joint FIRS and LIRS Audit and Investigation Team, aimed at encouraging the exchange of information between both agencies. In …
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The federal government on Monday gave clarifications on businesses that would qualify to enjoy pioneer status under the additional 27 new industries and products approved last week by the Executive Council of the Federation, FEC. The Executive Secretary, Nigeria Investment Promotion Council, NIPC, Yewande Sadiku, told PREMUM TIMES in an …
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The Lagos State Government generated N436.3 billion internal revenue in 2016 from the N399.4 billion realised in 2015. The state realised N7 billion from Land Use Charge (LUC) in 2016 against N6 billion in 2015. Mr Akinyemi Ashade, the state Commissioner, Ministry of Finance, made the disclosure at the ministry’s …
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Linda Ikeji might soon be in a running battle with the Lagos Inland Revenue Service over an alleged tax evasion. It was learnt that moves to track her down started about a month ago but all attempts by the agency were said to have been frustrated. According to Capital Ng …
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In consonance with Section 82 of the Personal Income Tax Act (as amended), The Lagos State Internal Revenue Service (LIRS) wishes to formally notify the public of its intention to commence the prosecution of tax evaders and offenders in Lagos State beginning from April 1,2016. Under the Personal Income Tax …
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