Firs withholding tax portal

Author: licm

August undefined, 2024

WebSep 5, 2024 · Further to the commencement of the ongoing review and reconciliation exercise on taxpayers’ Withholding Tax (WHT) credit balances by the Federal Inland … WebMay 25, 2024 · 25 May 2024. by Wole Obayomi. KPMG Nigeria. The Federal Inland Revenue Service (FIRS or "the Service") has issued a Public Notice informing taxpayers of the termination of the reduced 7.5% withholding tax (WHT) rate applicable on dividends, interest and royalties earned by taxable persons resident in countries with Double Tax …

FIRS Homepage

WebApr 8, 2024 · Summary. On 23 March 2024, the Executive Chairman of the Federal Inland Revenue Service ("FIRS" or "the Service"), sent out a notice informing taxpayers that the FIRS has extended the timeline for filing Value Added Tax (VAT) and Withholding Tax (WHT) returns to the last working day of the month, following the month of deduction. … WebBusiness premises administration in Lagos State is governed by the Taxes and Levies Approved List for Collection Act 1998 (As amended).The Act prescribes a business premises registration fee of – (a) Urban areas as defined by each State, maximum of – (i) N10,000 for registration; and (ii) N5,000 per annum for renewal of registration; and (b) … shannon mather

Tax Refund Mechanism – FIRS

WebJun 24, 2024 · Currently, the FIRS' web portal does not report WHT deductions through the Government Integrated Financial and Management Information System (GIFMIS). … WebDuty to deduct and pay withholding tax arises when duty to pay or credit (whichever first ocurs) arise when making payment for chargeable transactions. ... FOR FIRS USE … WebMonthly filing is to be done online on the FIRS Tax Pro Max platform. Provide the schedule of vatable income for the period, upload and file before the due date. Upon provision of the schedule, a payment reference code is generated on the FIRS tax promax platform and this code expires by 11:59pm of the same day. poly windshield cleaner

Adedayo Adebisi on LinkedIn: #tax #taxproblemsolvers #nigeria …

Nigeria: COVID-19: FIRS Extends CIT, VAT & WHT Filing Deadlines - Mondaq

WebAug 22, 2024 · FIRS notice on deduction of WHT and VAT on payments to agents, dealers. August 22, 2024. Federal Inland Revenue Service (FIRS) has issued a public notice … WebJun 15, 2024 · Effective July 1, 2024, FIRS will not recognize any WHT credit note that is not validated. FIRS has launched an automated tax administrative solution and wants taxpayers to reconcile the WHT credit records. A copy of the memo is here. Update The new deadline is 31 July 2024. To view the full memo, click here. The post was updated on 30 June 2024. poly winch ropeWebWithholding Tax (WHT) is a method used to collect Income Tax in advance. WHT is deducted at varying rates ranging from 5% to 10% depending on the transaction. The … CIT is governed by Companies Income Tax Act (CITA), Cap C21, LFN 2004 (as … shannon mathematical theory

"WebCheck your withholding Information Returns Intake System (IRIS) Free electronic filing online portal to file Form 1099 series information returns. Submit your forms IRS2Go Mobile App Check your refund status, make … " - Firs withholding tax portal

Firs withholding tax portal

WebEServices. It Pays To Pay Your Taxes. Guest. EServices Portal. For your TCC and Receipts. Admin Login. WebTax Portal. Register for TIN (Individual) Register for TIN (Corporate) Find/Verify TIN. E-Services. Create account. Login. Pay taxes. Downloads. Staff email. Help & Support. Contact. FAQs. ... Wuse Tax Office: No 4,Buchana close, off Buchana crescent, off Aminu Kano crescent, behind Ruby Centre, Wuse Zone 2, Abuja. HQ. 3 Abriba Close Area 7 ...

Did you know?

WebJun 10, 2024 · The deadline for filing of companies’ income tax returns is fast approaching, therefore, FIRS is implored to hasten the seamless operations of the new portal so key functions can be performed. Also, it will, avail taxpayers the opportunity to download their available Withholding Tax (WHT) credit notes to offset their income tax liability. WebWithholding Tax (WHT) on Construction Contracts for individual. 5%. Advanced deduction before contract payment. 9. WHT on Income from all aspects of building and other civil works construction. 5%. For individual. 10. WHT on Income from Contracts other than outright sales and Purchase of goods and property in the ordinary course of business.

WebSep 5, 2024 · Further to the commencement of the ongoing review and reconciliation exercise on taxpayers’ Withholding Tax (WHT) credit balances by the Federal Inland Revenue Service (FIRS), some FIRS stations have now issued some guidelines on the utilization of WHT credit notes.

WebComplete Form W-4 so that your employer can withhold the correct federal income tax from your pay. Consider completing a new Form W-4 each year and when your personal or financial situation changes. Current Revision Form W-4 (PDF) PDF Recent Developments Additional Guidance for Substitute Submissions of Form W-4 -- 29-NOV-2024 WebFERS Information. Congress created the Federal Employees Retirement System (FERS) in 1986, and it became effective on January 1, 1987. Since that time, new Federal civilian employees who have retirement coverage are covered by FERS. FERS is a retirement plan that provides benefits from three different sources: a Basic Benefit Plan, Social ...

WebRevenue Service Portal. The Federal Inland Revenue Service is a. statutory creation of the. Federal Inland Revenue Service. (Establishment) Act, 2007. Powerful & Intuitive. …

WebBeginning July 2013, withholding tax returns and withholding tax payments must be filed and paid electronically using one of our three online systems: Online Services for … shannon mathesonWebMaking the call on behalf of the country, Mr. Muhammad Nami, the Executive Chairman of the Federal Inland Revenue Service (FIRS) stated this while delivering Nigeria’s Statement at the Economic ... shannon mather danceWebYesterday at the Human Rights Chambers' Hangout and Award Night, I was privileged to be given an award as the Writer of the Year. I deemed it fit to contribute… poly wine glassesWebWithholding Tax Credit Note will generally include the following information: Credit note Number. The name of the agent/taxpayer who deducted and remitted the Withholding … shannon mather dance companyWebThe Benin- South South Zone of the Tax Appeal Tribunal has ordered Century Exploration & Production Ltd to pay Bayelsa State Board of Internal Revenue the sum of N264,000,000.00 (Two Hundred and Sixty-Four Million Naira only) inclusive of interest and penalties being the assessed tax liability for the years, 2011 to 2024 in accordance with the relevant tax … shannon mathis meyer lcswWebJul 6, 2024 · On 1 st July 2024, the Federal Inland Revenue Service (FIRS or "the Service") issued a Public Notice informing taxpayers of its grant of extension to the deadline for filing Companies Income Tax returns (CIT) and uploading of Withholding Tax (WHT) credit notes by one month. poly windshield restoreWebThe FIRS noted that the termination follows the approval of the Honourable Minister of Finance, Budget and National Planning (HMoFBNP) to discontinue the unilateral application of a uniform 7.5% WHT rate deducted on dividends, interest and royalties earned by residents of its treaty partners under the DTAs with Nigeria. poly wines