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ABOUT US | PEDABO
Pedabo is an independent member firm of Morison KSi providing Audit Assurance, Tax Consulting and Advisory to all sectors of the Nigerian economy. Pedabo offers various professional services aimed at meeting the client’s expectation. Our vision is to be the leading professional Firm providing exceptional services with the assurance oftimely
SERVICES | PEDABO
Services. Our primary objective is to proffer timely professional services at all times that enable clients achieve competitive advantage within their respective industries andACADEMY | PEDABO
Pedabo Training Academy is designed with practical business scenarios drawn from various use-cases from our vast client experiences over the past 20 years. Pedabo has successfully navigated across various industries and regulatory terrains per time, with our courses fully accredited and counting towards various CPD requirements. STUDENTS AND GRADUATE TRAINEES Student. Discover the wide range of opportunities that Pedabo has to offer top students via undergraduate and graduate internship program, whether you’re interested in working as a consultant in (Tax, Audit & Assurance and Advisory) or with the internal firm services (Human Resources, IT, Finance & Account and Admin).CAREERS | PEDABO
Careers at Pedabo. Joining Pedabo is a strategic decision for those who want to build a career founded on professionalism, integrity and continuous learning. Join us to be part of a Firm that leads the delivery of superior client experience and creative bespoke solutions to its clients. At Pedabo, our people are our most-valued competitiveassets.
FIRS ISSUES’ CLARIFICATION CIRCULARS ON FINANCE ACT It is no longer news that the Finance Act 2019 amended seven (7) tax legislations. In a bid to provide clarification to some ambiguous provisions of the Finance Act and the modalities for its application, the Federal Inland Revenue Service (“FIRS”) issued a series of circulars dated 29th of April 2020 to address and explicate tax treatments and hitherto ambiguous provisions. VALUE ADDED TAX (MODIFICATION) ORDER 2020: FIRS RELEASES It will be recalled that the Honourable Minister of Finance recently, in exercise of the powers conferred on her by the Value Added Tax (VAT) Act, expatiated the scope of exempt items as enshrined in the First Schedule to the Value Added Tax (VAT) Act via the Value Added Tax (Modification) Order 2020 (“VAT Modification Order”). TAX APPEAL TRIBUNAL (TAT) RULES THAT RENTAL INCOME … On Thursday, 10 September 2020, the Tax Appeal Tribunal (“TAT”), Lagos Division delivered a judgment in a matter between Ess-ay Holdings Limited (“the Appellant”) and the Federal Inland Revenue Service (“FIRS” or “the Respondent”). THE REVISED NIGERIAN TRANSFER PRICING REGULATIONS The Regulations were issued to ensure alignment with the developments in international tax practice as it relates to Transfer Pricing (TP) particularly the Base Erosion and Profit Shifting (BEPS) project embarked upon by the Organisation for Economic Cooperation and Development (OECD) on the request of the finance ministers of the G20countries.
PEDABO | AUDIT & ASSURANCE | FINANCIAL ADVISORY | TAXABOUT USSERVICESINDUSTRIESINSIGHTSCAREERSTRAINING ACADEMY Audit & Assurance. All companies in compliance with the provision of Sec. 357 of Companies and Allied Matters Act of Nigeria are required at each general meeting to appoint an auditor or auditors to audit theABOUT US | PEDABO
Pedabo is an independent member firm of Morison KSi providing Audit Assurance, Tax Consulting and Advisory to all sectors of the Nigerian economy. Pedabo offers various professional services aimed at meeting the client’s expectation. Our vision is to be the leading professional Firm providing exceptional services with the assurance oftimely
SERVICES | PEDABO
Services. Our primary objective is to proffer timely professional services at all times that enable clients achieve competitive advantage within their respective industries andACADEMY | PEDABO
Pedabo Training Academy is designed with practical business scenarios drawn from various use-cases from our vast client experiences over the past 20 years. Pedabo has successfully navigated across various industries and regulatory terrains per time, with our courses fully accredited and counting towards various CPD requirements. STUDENTS AND GRADUATE TRAINEES Student. Discover the wide range of opportunities that Pedabo has to offer top students via undergraduate and graduate internship program, whether you’re interested in working as a consultant in (Tax, Audit & Assurance and Advisory) or with the internal firm services (Human Resources, IT, Finance & Account and Admin).CAREERS | PEDABO
Careers at Pedabo. Joining Pedabo is a strategic decision for those who want to build a career founded on professionalism, integrity and continuous learning. Join us to be part of a Firm that leads the delivery of superior client experience and creative bespoke solutions to its clients. At Pedabo, our people are our most-valued competitiveassets.
FIRS ISSUES’ CLARIFICATION CIRCULARS ON FINANCE ACT It is no longer news that the Finance Act 2019 amended seven (7) tax legislations. In a bid to provide clarification to some ambiguous provisions of the Finance Act and the modalities for its application, the Federal Inland Revenue Service (“FIRS”) issued a series of circulars dated 29th of April 2020 to address and explicate tax treatments and hitherto ambiguous provisions. VALUE ADDED TAX (MODIFICATION) ORDER 2020: FIRS RELEASES It will be recalled that the Honourable Minister of Finance recently, in exercise of the powers conferred on her by the Value Added Tax (VAT) Act, expatiated the scope of exempt items as enshrined in the First Schedule to the Value Added Tax (VAT) Act via the Value Added Tax (Modification) Order 2020 (“VAT Modification Order”). TAX APPEAL TRIBUNAL (TAT) RULES THAT RENTAL INCOME … On Thursday, 10 September 2020, the Tax Appeal Tribunal (“TAT”), Lagos Division delivered a judgment in a matter between Ess-ay Holdings Limited (“the Appellant”) and the Federal Inland Revenue Service (“FIRS” or “the Respondent”). THE REVISED NIGERIAN TRANSFER PRICING REGULATIONS The Regulations were issued to ensure alignment with the developments in international tax practice as it relates to Transfer Pricing (TP) particularly the Base Erosion and Profit Shifting (BEPS) project embarked upon by the Organisation for Economic Cooperation and Development (OECD) on the request of the finance ministers of the G20countries.
SERVICES | PEDABO
Services. Our primary objective is to proffer timely professional services at all times that enable clients achieve competitive advantage within their respective industries andACADEMY | PEDABO
Pedabo Training Academy is designed with practical business scenarios drawn from various use-cases from our vast client experiences over the past 20 years. Pedabo has successfully navigated across various industries and regulatory terrains per time, with our courses fully accredited and counting towards various CPD requirements.INDUSTRIES | PEDABO
Industries. Pedabo’s financial services industry experts offers specialized & comprehensive solutions to investment & microfinance banks, insurance companies and investment. Pedabo has a vast experience within the Education sector, with our services being rendered to all levels within the educational system.OUR INSIGHTS
Apr 27, 2021 | pedabo-insights, Uncategorized. Introduction The Nigerian economy has for some years been burdened with the menace of deficit budgeting, which the government has often supplemented, using external and internal borrowings besides other measures. The internal borrowings have been largely via the IMPACT OF COVID-19 ON FINANCIAL REPORTING Impact of COVID-19 on Financial Reporting. Due to the COVID-19 outbreak globally, there have been restrictions to continuous business operation as a result of measures taken by the government to contain the spread of the virus; for example there have been closure of borders, travel restrictions and a total lockdown of some states. FINANCE ACT 2020: WHAT’S NEW? The President has signed the Finance Act 2020 (“the Act”) into law on 31 December 2020. The Act aims at addressing tax as well as non-tax related issues whilst improving on the success of the Finance Act 2019 and correcting its shortcomings. The Act amends fourteen (14) existing statutes – Capital Gains Tax Act, Companies Income Tax ActARCHIVES | PEDABO
by Felix | May 25, 2021 | pedabo-insights, Uncategorized. Further to the provisions of the Finance Act 2020 and in line with the Federal Inland Revenue Service (FIRS) mandate to automate the tax administration system, the FIRS has recently launched a one-stop online platform – TaxPro Max. On the platform, taxpayers LIQUIDATION & INSOLVENCY Liquidation & Insolvency. Sometimes directors of a company are faced with the difficult choice of winding down the affairs of their company, either for the reason of a change in strategy, inability to meet creditors’ obligations or other reasons. The liquidation of a company could also be initiated by an unpaid creditor so as to reducethe
STAMP DUTIES: FEDERAL INLAND REVENUE SERVICE LAUNCHES The Federal Inland Revenue Service (FIRS), on Tuesday 30 June 2020, launched its adhesive stamps for the purposes of stamp duties. An inauguration themed ‘Stamp Duties Act: Repositioning Nigeria Towards Greater Revenue Mobilization’ inducted an inter-ministerial committee to oversee the audit and recovery of back years’ stampduties.
TAT DELIVERS FIRST TRANSFER PRICING JUDGEMENT IN PRIME On Wednesday, 19 February 2020, the Tax Appeal Tribunal (“TAT”) delivered judgment in a matter between Prime Plastichem Nigeria Limited (“the Company”) v. PEDABO | AUDIT & ASSURANCE | FINANCIAL ADVISORY | TAXABOUT USSERVICESINDUSTRIESINSIGHTSCAREERSTRAINING ACADEMY Audit & Assurance. All companies in compliance with the provision of Sec. 357 of Companies and Allied Matters Act of Nigeria are required at each general meeting to appoint an auditor or auditors to audit theABOUT US | PEDABO
Pedabo is an independent member firm of Morison KSi providing Audit Assurance, Tax Consulting and Advisory to all sectors of the Nigerian economy. Pedabo offers various professional services aimed at meeting the client’s expectation. Our vision is to be the leading professional Firm providing exceptional services with the assurance oftimely
SERVICES | PEDABO
Services. Our primary objective is to proffer timely professional services at all times that enable clients achieve competitive advantage within their respective industries andACADEMY | PEDABO
Pedabo Training Academy is designed with practical business scenarios drawn from various use-cases from our vast client experiences over the past 20 years. Pedabo has successfully navigated across various industries and regulatory terrains per time, with our courses fully accredited and counting towards various CPD requirements.CONTACT US | PEDABO
Contact Us. Want to get in touch with us? We’d love to hear from you. Here is how you can reach us. Business Enquiries. Say Hello. i nfo@pedabo.com. Call. (234) 0808 820 8747 / (01) 291 9041. STUDENTS AND GRADUATE TRAINEES Student. Discover the wide range of opportunities that Pedabo has to offer top students via undergraduate and graduate internship program, whether you’re interested in working as a consultant in (Tax, Audit & Assurance and Advisory) or with the internal firm services (Human Resources, IT, Finance & Account and Admin).CAREERS | PEDABO
Careers at Pedabo. Joining Pedabo is a strategic decision for those who want to build a career founded on professionalism, integrity and continuous learning. Join us to be part of a Firm that leads the delivery of superior client experience and creative bespoke solutions to its clients. At Pedabo, our people are our most-valued competitiveassets.
PEDABO | AUDIT & ASSURANCE | FINANCIAL ADVISORY | TAXABOUT USSERVICESINDUSTRIESINSIGHTSCAREERSTRAINING ACADEMY Audit & Assurance. All companies in compliance with the provision of Sec. 357 of Companies and Allied Matters Act of Nigeria are required at each general meeting to appoint an auditor or auditors to audit theABOUT US | PEDABO
Pedabo is an independent member firm of Morison KSi providing Audit Assurance, Tax Consulting and Advisory to all sectors of the Nigerian economy. Pedabo offers various professional services aimed at meeting the client’s expectation. Our vision is to be the leading professional Firm providing exceptional services with the assurance oftimely
SERVICES | PEDABO
Services. Our primary objective is to proffer timely professional services at all times that enable clients achieve competitive advantage within their respective industries andACADEMY | PEDABO
Pedabo Training Academy is designed with practical business scenarios drawn from various use-cases from our vast client experiences over the past 20 years. Pedabo has successfully navigated across various industries and regulatory terrains per time, with our courses fully accredited and counting towards various CPD requirements.CONTACT US | PEDABO
Contact Us. Want to get in touch with us? We’d love to hear from you. Here is how you can reach us. Business Enquiries. Say Hello. i nfo@pedabo.com. Call. (234) 0808 820 8747 / (01) 291 9041. STUDENTS AND GRADUATE TRAINEES Student. Discover the wide range of opportunities that Pedabo has to offer top students via undergraduate and graduate internship program, whether you’re interested in working as a consultant in (Tax, Audit & Assurance and Advisory) or with the internal firm services (Human Resources, IT, Finance & Account and Admin).CAREERS | PEDABO
Careers at Pedabo. Joining Pedabo is a strategic decision for those who want to build a career founded on professionalism, integrity and continuous learning. Join us to be part of a Firm that leads the delivery of superior client experience and creative bespoke solutions to its clients. At Pedabo, our people are our most-valued competitiveassets.
INDUSTRIES | PEDABO
Industries. Pedabo’s financial services industry experts offers specialized & comprehensive solutions to investment & microfinance banks, insurance companies and investment. Pedabo has a vast experience within the Education sector, with our services being rendered to all levels within the educational system.OUR INSIGHTS
Feb 2, 2021 | pedabo-insights, Uncategorized. It is no longer news that the Companies and Allied Matters Act (CAMA) 2020 was signed into law in August 2020 by the President, further to significant changes in the economic and business world compared to when the law was enactedin 1990.
REGISTER | PEDABO
review the objectives of the Finance Act 2020, its potential impact on the. real sector and strategies for navigating the new challenges posed by the. Act. The forum will also stimulate recommendations for future. amendments to tax legislations in Nigeria. Thursday, January 14 // 10:00am. REGISTER NOW. IMPACT OF COVID-19 ON FINANCIAL REPORTING Impact of COVID-19 on Financial Reporting. Due to the COVID-19 outbreak globally, there have been restrictions to continuous business operation as a result of measures taken by the government to contain the spread of the virus; for example there have been closure of borders, travel restrictions and a total lockdown of some states.TAX CONSULTANCY
Tax Consulting. The Nigerian tax landscape is fraught with a number of statutory and administrative peculiarities that could increase the risk and costs for the non-discerning business. Pedabo provides advice on tax planning with an objective of minimizing the organisation’s tax burden through a careful and deliberate structuring of theAUDIT & ASSURANCE
Audit & Assurance. All companies in compliance with the provision of Sec. 357 of Companies and Allied Matters Act of Nigeria are required at each general meeting to appoint an auditor or auditors to audit the financial statements of the company.TRANSFER PRICING
Transfer Pricing. The Nigerian government, through the Federal Inland Revenue Service (FIRS) joined the rest of the world by issuing its transfer pricing regulations known as the Income Tax (Transfer Pricing) Regulation No 1, 2012 with effect from August, 2012. STAMP DUTIES: FEDERAL INLAND REVENUE SERVICE LAUNCHES The Federal Inland Revenue Service (FIRS), on Tuesday 30 June 2020, launched its adhesive stamps for the purposes of stamp duties. An inauguration themed ‘Stamp Duties Act: Repositioning Nigeria Towards Greater Revenue Mobilization’ inducted an inter-ministerial committee to oversee the audit and recovery of back years’ stampduties.
TAX APPEAL TRIBUNAL (TAT) RULES THAT RENTAL INCOME … On Thursday, 10 September 2020, the Tax Appeal Tribunal (“TAT”), Lagos Division delivered a judgment in a matter between Ess-ay Holdings Limited (“the Appellant”) and the Federal Inland Revenue Service (“FIRS” or “the Respondent”). TAT DELIVERS FIRST TRANSFER PRICING JUDGEMENT IN PRIME On Wednesday, 19 February 2020, the Tax Appeal Tribunal (“TAT”) delivered judgment in a matter between Prime Plastichem Nigeria Limited (“the Company”) v. PEDABO | AUDIT & ASSURANCE | FINANCIAL ADVISORY | TAXABOUT USSERVICESINDUSTRIESINSIGHTSCAREERSTRAINING ACADEMY Audit & Assurance. All companies in compliance with the provision of Sec. 357 of Companies and Allied Matters Act of Nigeria are required at each general meeting to appoint an auditor or auditors to audit theABOUT US | PEDABO
Pedabo is an independent member firm of Morison KSi providing Audit Assurance, Tax Consulting and Advisory to all sectors of the Nigerian economy. Pedabo offers various professional services aimed at meeting the client’s expectation. Our vision is to be the leading professional Firm providing exceptional services with the assurance oftimely
SERVICES | PEDABO
Services. Our primary objective is to proffer timely professional services at all times that enable clients achieve competitive advantage within their respective industries andACADEMY | PEDABO
Pedabo Training Academy is designed with practical business scenarios drawn from various use-cases from our vast client experiences over the past 20 years. Pedabo has successfully navigated across various industries and regulatory terrains per time, with our courses fully accredited and counting towards various CPD requirements.CONTACT US | PEDABO
Contact Us. Want to get in touch with us? We’d love to hear from you. Here is how you can reach us. Business Enquiries. Say Hello. i nfo@pedabo.com. Call. (234) 0808 820 8747 / (01) 291 9041. STUDENTS AND GRADUATE TRAINEES Student. Discover the wide range of opportunities that Pedabo has to offer top students via undergraduate and graduate internship program, whether you’re interested in working as a consultant in (Tax, Audit & Assurance and Advisory) or with the internal firm services (Human Resources, IT, Finance & Account and Admin).CAREERS | PEDABO
Careers at Pedabo. Joining Pedabo is a strategic decision for those who want to build a career founded on professionalism, integrity and continuous learning. Join us to be part of a Firm that leads the delivery of superior client experience and creative bespoke solutions to its clients. At Pedabo, our people are our most-valued competitiveassets.
IMPACT OF COVID-19 ON FINANCIAL REPORTING Impact of COVID-19 on Financial Reporting. Due to the COVID-19 outbreak globally, there have been restrictions to continuous business operation as a result of measures taken by the government to contain the spread of the virus; for example there have been closure of borders, travel restrictions and a total lockdown of some states. FIRS ISSUES’ CLARIFICATION CIRCULARS ON FINANCE ACT It is no longer news that the Finance Act 2019 amended seven (7) tax legislations. In a bid to provide clarification to some ambiguous provisions of the Finance Act and the modalities for its application, the Federal Inland Revenue Service (“FIRS”) issued a series of circulars dated 29th of April 2020 to address and explicate tax treatments and hitherto ambiguous provisions. VALUE ADDED TAX (MODIFICATION) ORDER 2020: FIRS RELEASESVALUE ADDED TAXVALUE ADDED TAX USAVALUE ADDED TAX CHINAVALUE ADDED TAX EXAMPLE It will be recalled that the Honourable Minister of Finance recently, in exercise of the powers conferred on her by the Value Added Tax (VAT) Act, expatiated the scope of exempt items as enshrined in the First Schedule to the Value Added Tax (VAT) Act via the Value Added Tax (Modification) Order 2020 (“VAT Modification Order”). PEDABO | AUDIT & ASSURANCE | FINANCIAL ADVISORY | TAXABOUT USSERVICESINDUSTRIESINSIGHTSCAREERSTRAINING ACADEMY Audit & Assurance. All companies in compliance with the provision of Sec. 357 of Companies and Allied Matters Act of Nigeria are required at each general meeting to appoint an auditor or auditors to audit theABOUT US | PEDABO
Pedabo is an independent member firm of Morison KSi providing Audit Assurance, Tax Consulting and Advisory to all sectors of the Nigerian economy. Pedabo offers various professional services aimed at meeting the client’s expectation. Our vision is to be the leading professional Firm providing exceptional services with the assurance oftimely
SERVICES | PEDABO
Services. Our primary objective is to proffer timely professional services at all times that enable clients achieve competitive advantage within their respective industries andACADEMY | PEDABO
Pedabo Training Academy is designed with practical business scenarios drawn from various use-cases from our vast client experiences over the past 20 years. Pedabo has successfully navigated across various industries and regulatory terrains per time, with our courses fully accredited and counting towards various CPD requirements.CONTACT US | PEDABO
Contact Us. Want to get in touch with us? We’d love to hear from you. Here is how you can reach us. Business Enquiries. Say Hello. i nfo@pedabo.com. Call. (234) 0808 820 8747 / (01) 291 9041. STUDENTS AND GRADUATE TRAINEES Student. Discover the wide range of opportunities that Pedabo has to offer top students via undergraduate and graduate internship program, whether you’re interested in working as a consultant in (Tax, Audit & Assurance and Advisory) or with the internal firm services (Human Resources, IT, Finance & Account and Admin).CAREERS | PEDABO
Careers at Pedabo. Joining Pedabo is a strategic decision for those who want to build a career founded on professionalism, integrity and continuous learning. Join us to be part of a Firm that leads the delivery of superior client experience and creative bespoke solutions to its clients. At Pedabo, our people are our most-valued competitiveassets.
IMPACT OF COVID-19 ON FINANCIAL REPORTING Impact of COVID-19 on Financial Reporting. Due to the COVID-19 outbreak globally, there have been restrictions to continuous business operation as a result of measures taken by the government to contain the spread of the virus; for example there have been closure of borders, travel restrictions and a total lockdown of some states. FIRS ISSUES’ CLARIFICATION CIRCULARS ON FINANCE ACT It is no longer news that the Finance Act 2019 amended seven (7) tax legislations. In a bid to provide clarification to some ambiguous provisions of the Finance Act and the modalities for its application, the Federal Inland Revenue Service (“FIRS”) issued a series of circulars dated 29th of April 2020 to address and explicate tax treatments and hitherto ambiguous provisions. VALUE ADDED TAX (MODIFICATION) ORDER 2020: FIRS RELEASESVALUE ADDED TAXVALUE ADDED TAX USAVALUE ADDED TAX CHINAVALUE ADDED TAX EXAMPLE It will be recalled that the Honourable Minister of Finance recently, in exercise of the powers conferred on her by the Value Added Tax (VAT) Act, expatiated the scope of exempt items as enshrined in the First Schedule to the Value Added Tax (VAT) Act via the Value Added Tax (Modification) Order 2020 (“VAT Modification Order”).INDUSTRIES | PEDABO
Industries. Pedabo’s financial services industry experts offers specialized & comprehensive solutions to investment & microfinance banks, insurance companies and investment. Pedabo has a vast experience within the Education sector, with our services being rendered to all levels within the educational system.OUR INSIGHTS
Feb 2, 2021 | pedabo-insights, Uncategorized. It is no longer news that the Companies and Allied Matters Act (CAMA) 2020 was signed into law in August 2020 by the President, further to significant changes in the economic and business world compared to when the law was enactedin 1990.
REGISTER | PEDABO
review the objectives of the Finance Act 2020, its potential impact on the. real sector and strategies for navigating the new challenges posed by the. Act. The forum will also stimulate recommendations for future. amendments to tax legislations in Nigeria. Thursday, January 14 // 10:00am. REGISTER NOW. IMPACT OF COVID-19 ON FINANCIAL REPORTING Impact of COVID-19 on Financial Reporting. Due to the COVID-19 outbreak globally, there have been restrictions to continuous business operation as a result of measures taken by the government to contain the spread of the virus; for example there have been closure of borders, travel restrictions and a total lockdown of some states.TAX CONSULTANCY
Tax Consulting. The Nigerian tax landscape is fraught with a number of statutory and administrative peculiarities that could increase the risk and costs for the non-discerning business. Pedabo provides advice on tax planning with an objective of minimizing the organisation’s tax burden through a careful and deliberate structuring of theAUDIT & ASSURANCE
Audit & Assurance. All companies in compliance with the provision of Sec. 357 of Companies and Allied Matters Act of Nigeria are required at each general meeting to appoint an auditor or auditors to audit the financial statements of the company.TRANSFER PRICING
Transfer Pricing. The Nigerian government, through the Federal Inland Revenue Service (FIRS) joined the rest of the world by issuing its transfer pricing regulations known as the Income Tax (Transfer Pricing) Regulation No 1, 2012 with effect from August, 2012. STAMP DUTIES: FEDERAL INLAND REVENUE SERVICE LAUNCHES The Federal Inland Revenue Service (FIRS), on Tuesday 30 June 2020, launched its adhesive stamps for the purposes of stamp duties. An inauguration themed ‘Stamp Duties Act: Repositioning Nigeria Towards Greater Revenue Mobilization’ inducted an inter-ministerial committee to oversee the audit and recovery of back years’ stampduties.
TAX APPEAL TRIBUNAL (TAT) RULES THAT RENTAL INCOME … On Thursday, 10 September 2020, the Tax Appeal Tribunal (“TAT”), Lagos Division delivered a judgment in a matter between Ess-ay Holdings Limited (“the Appellant”) and the Federal Inland Revenue Service (“FIRS” or “the Respondent”). TAT DELIVERS FIRST TRANSFER PRICING JUDGEMENT IN PRIME On Wednesday, 19 February 2020, the Tax Appeal Tribunal (“TAT”) delivered judgment in a matter between Prime Plastichem Nigeria Limited (“the Company”) v. (01) 291 9041 | (234) 0808 820 8747 info@pedabo.com* About Us
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LAGOS STATE INTERNAL REVENUE SERVICE (LIRS) EXTENDS DEADLINE FOR FILING OF ANNUAL RETURNSMar 28, 2020
As part of efforts by the Lagos State Government to mitigate the impact of the COVID-19 pandemic, the Lagos State Internal Revenue Service has extended for two months, the deadline for Filing of Annual Tax Returns from 1st April to 31st May, 2020 for Individual...read more
COVID-19: THE BIRTH OF THE EMERGENCY ECONOMIC STIMULUS BILL 2020Mar 27, 2020
Introduction It is no longer news that there is a global pandemic as a result of COVID-19. In order to cushion its effect, various jurisdictions have designed palliative measures to ensure the safety and economic stability of their citizens. Accordingly, some members...read more
FIRS INTRODUCES PALLIATIVE MEASURES TO COMBAT COVID-19Mar 27, 2020
As part of measures to tame the outbreak of the global pandemic caused by COVID-19, the Federal Inland Revenue Service (FIRS) on March 23, 2020 released some measures that will provide effective service delivery to taxpayers with minimal physical contacts. Part of the...read more
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