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E-Naira: and all you need to know about it. The Central Bank of Nigeria (CBN) has announced that it will launch its eNaira on the 1st of October 2021.   What exactly is e-Naira? The e-Naira is a legal tender that will be available in digital formats. The eNaira will have the same exchange value …

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The need to invest in Nigerian talent

https://2gdb-consult.com/wp-content/uploads/2021/02/WhatsApp-Video-2021-02-20-at-3.01.57-PM.mp4 Nigerians are constantly showing the world how talented and productive they are and can be, with Great minds arising every day to break the status quo and come up with life changing ideas and inventions despite the harsh conditions of the country on many grounds.Meet Nigeria’s Yusuf who has invented a low cost, non-electric …

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COVID 19 Update: LIRS Issues Meeting Procedures for Tax Audit Reconciliation Committee

The Lagos State Internal Revenue Service (“LIRS” or “the Service”) recently issued a Public Notice, advising taxpayers and the general public of modifications made to the process for conducting Tax Audit and Reconciliation Committee (“TARC” or “the Committee”) meetings in view of the challenges posed by the COVID-19 Pandemic. Details The Public Notice cites the provisions of …

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FIRS UPDATED FORM

FIRS just migrated her Tax Clearance Portal from Amanda to  Tax Promax. Consequently, all Taxpayers are required to complete and submit an update form Also, all TCC applications under processing are to reapply by submitting this update form. Do you know 90% of Taxpayers are not aware of the modification to the TCC application process …

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FIRS Clarification Circulars on Finance Act 2019

Federal Inland Revenue Service (FIRS) through various Information Circulars published April 29, 2020, has successfully clarified a lot of grey areas which have generated diverse of arguments and/or different interpretations at many fora by the Tax Practitioners. With this information circulars, the ambiguity surrounding the right application of the Finance Act has been, to a …

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