LIRS Explains ‘Power of Substitution’ Under Nigeria Tax Administration Act: The Lagos Internal Revenue Service (LIRS) has clarified the legal basis and scope of its authority to recover unpaid taxes through the Power of Substitution, as provided under Section 60 of the Nigeria Tax Administration Act, 2025. According to the Service, the law empowers tax authorities to invoke substitution where a taxpayer fails to pay […] http://dlvr.it/TQZ5zP #News #LIRS #Tax

How I got billed ₦80 million for taxes – Food critic Opeyemi Famakin: Food critic, Opeyemi Famakin disclosed that he was slapped with a ₦80 million tax bill by the Lagos Internal Revenue Service (LIRS). Speaking on the ‘With Chude’ podcast, Famakin shared details about his career and financial experiences as a food critic. He mentioned that the LIRS contacted him shortly after he went viral for revealing […] https://creebhills.com/2025/01/how-i-got-billed-%e2%82%a680-million-opeyemi-famakin?utm_source=dlvr.it&utm_medium=mastodon #TaxBill #FoodCritic #OpeyemiFamakin #LIRS #Taxation

Company Income Tax Part 2
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