On the 9th of July, 2020, the LIRS issued a public notice to introduce additional palliative measures for its taxpayers in the face of the covid-19 pandemic. This is preceded by the earlier 3 month extension of the deadline for filing annual returns on incomes and claims by taxable persons from the 31st of March […]
read moreThe world is evolving, perhaps faster than we can imagine. Technology has placed human transaction on a fast pace and as such transactions are being carried out without parties involved meeting physically. Social interactive applications have become the new normal for business transactions as well as for the effective execution of contracts. In response to […]
read moreOn the 24th of June, 2020, the FIRS issued a public notice to the effect that the following items stated in the VAT Modification order as VAT exempt are still subject to VAT. They include: • natural gas; • materials for pharmaceutical products; • renewable energy equipment; and • materials for baby diapers & sanitary […]
read moreThis notice is an extension of the previous notice granting a waiver on all interest accrued and penalties payable on outstanding tax debts arising as a result of desk review, tax audits and investigations if the said debt is paid in full on or before 31st of May, 2020. The timeline has been extended to […]
read more