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27 August 2018

Nigeria's FIRS opens 15-day window for taxpayers to reconcile their withholding tax position

Nigeria's Federal Inland Revenue Service (FIRS), in order to reconcile all taxpayers' Withholding Tax Credit position with the Automated Tax Credit System, has started notifying taxpayers of the need to submit their unutilized withholding tax (WHT) credit notes to the FIRS for confirmation, reconciliation, and approval for usage within 15 days of receiving the notice. This follows the recently issued internal memo to the FIRS' States Coordinators & Tax Controllers on the need to reconcile WHT credit notes with taxpayers.

A Global Tax Alert, attached below, provides additional details.

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Document ID: 2018-1701

 

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