The objective of pension is to provide post-retirement monetary benefits for employees. In an ideal organization, an employer offers a pension plan to each employee by setting aside a certain amount from their gross income, and that money grows over the y ...
WITHHOLDING TAX IN NIGERIA
Withholding Tax is basically an advance payment of income tax. It is an advance payment to be applied as tax credit to settle the income tax liability of the years of assessments to which the income that suffered the deduction relates. There are varying r ...
FIRS SIGNS MOU WITH LIRS FOR JOINT TAX OPERATIONS AND AUDIT
The Federal Inland Revenue Service (FIRS) Memorandum of Understanding (MoU) Lagos State Internal Revenue Service (LIRS) to establish a joint tax audit system that will address duplication of efforts and facilitate the exchange of data. Highlights of th ...