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Fees Incurred in Flaring Gas is Tax Deductible

The Tax Appeal Tribunal (TAT) sitting in Lagos on the 17th day of March 2015 had allowed the gas flare fee incurred in the course of petroleum operations as tax deductible. The case was between Mobil Producing Nigeria Unlimited...

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FIRS e-filing Tax System

The Federal Inland Revenue Service is to commence the e-filing or Integrated Tax Administrative System (ITAS) on 2 March, 2015. The objective of the e-filing platform is presumably to simplify and ease the tax payment process in Nigeria ....

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