Tag: FIRS
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A company preparing its annual tax filing may discover that some important records are missing. Perhaps invoices were not properly stored, financial statements are still incomplete, or previous tax documents cannot be located. This situation is more common than many businesses realize, especially among growing companies that do not yet have a structured recordkeeping system.…
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Missing a Company Income Tax filing deadline can leave many businesses wondering what happens next and how the resulting penalty is determined. The Fine for late filing of company income tax in Nigeria is not calculated randomly; it follows a penalty structure based on the period of default and how long the company remains without…