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VAIDS Made Simple for Tax Professionals and Tax Payers

The then Acting President, Professor Yemi Osinbajo, SAN, GCON established the Voluntary Assets and Income Declaration Scheme (” VAIDS ” or the “Scheme”) vide the Executive Order No. 004 of 2017 (the “Order”). VAIDS is a time-limited opportunity for taxpayers to regularize their tax status relating to previous tax periods. InRead More …

How to Process Tax Refund from the FIRSNigeria

There are many possible reasons why a taxpayer may request a tax refund from the Federal Inland Revenue Service (the “Service” or FIRS). Taxpayers may have unutilised withholding tax credit, erroneous deduction VAT at source on zero-rated goods or exempted goods by taxpayer’s customers, overpayment of tax, erroneous payment ofRead More …