Tax administration in Nigeria 2: Filing & Assessment
Channel: Nexia Agbo Abel & Co.
Date: 2021-10-29

Filing annual returns ensures that a business complies with the requirement of the tax laws. It also ensures that a company gets Tax Clearance Certificate (TCC) which is a requirement for government contract bidding in Nigeria. Failure to file annual returns with the FIRS attracts penalties that can become a major problem to a business.

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