TAX ADVISORY

TAX ADVISORY

We have an edge over other tax practices because of our in-depth knowledge and application of the Nigerian tax laws. We continuously educate and enlighten our clients with new developments in the Nigerian tax environment so as to give them comparative tax advantage over their competitors. In general, our Tax advisory service covers the areas of:

  • Company Income Tax

  • Personal Income Tax

  • Petroleum Profit Tax

  • Capital Gains Tax

  • Deferred Tax

  • Withholding tax

  • Value Added Tax

  • Transfer Pricing.

We also represent our clients in their dealings with both Federal and State taxes as it concerns:

FIRS TAX COMPLIANCE SERVICE

  • Registration with the Federal Inland Revenue Service and procurement of Tax Identification Number.

  • Advise and monitor the computation of VAT and rendition of monthly returns to the FIRS.

  • Advise on the deduction and remittance of withholding taxes applicable to FIRS.

  • Address all tax queries from the FIRS.

  • Liaise with the FIRS in resolving all tax matters involving the Firm.

LIRS TAX COMPLIANCE SERVICES

 Services under this module include:

  • Registration with the Lagos Internal Revenue Service (LIRS).
  • Advise on the computation of PAYE and remittance on monthly basis.
  • Advise on the deduction and remittance of withholding taxes applicable to LIRS.
  • Filing of annual returns to LIRS which must be done after the end of the year but not beyond 30th of January of the following year.
  • Filing of Form A on behalf of each of the staff at the beginning of every year
  • Filing of income declaration for Partners at the beginning of every year and computation of Partners tax liability.
  • Processing and procurement of tax clearance of each staff as well as the Partners.
  • Responding to tax queries from the LIRS
  • We also provide support to the Firm during the yearly tax audit exercise of the LIRS