In accordance with the powers conferred upon it under Section 61 of the Federal Inland Revenue Service Establishment Act, the Federal Inland Revenue Service (FIRS) last year released the Non-Interest Finance (Taxation) Regulations 2022 (“NIFTR 2022”), with a commencement date of 1st April, 2022, to provide a fulcrum for the Read more…
INTRODUCTION The word restaurant is derived from the French verb “restaurer”, which means to restore or refresh, and thus by usage means an establishment that offers food and drink for sale. The restaurateur is the person in charge of the restaurant.[1] It is no doubt that food production is one Read more…
Introduction A major strategy deployed by every economy, including Nigeria, for revenue generation, is Taxation. The term Taxation can be described to mean the act of imposing tax payment on citizens, business owners and non-citizens who carry out business in a country, by the Government. Put in a more relatable Read more…