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Taxation

Anyone who does anything, or intends to execute a transaction, ought to think about how it will be affected by taxes (John Rowlatt)

Nigeria as a Federal Republic has in operation mainly two-level of tax authority namely:

Federal Government

Represented by the Federal Inland Revenue Service (FIRS).

States Government

Represented by the State Inland Revenue Services (SIRS), which consists of the thirty-six (36) states of the Federation i.e., the Federating units, and the Federal Capital Territory (FCT) Tax Authority, making a total of thirty-seven (37) as it were States Revenue Authorities.

The above thirty- eight revenue authorities were formed into a body known as the Joint Tax Board (JTB) by virtue of the provisions of the Personal Income Tax Act 1993 (as amended) and charged, primarily, to ensure uniformity of standards and application of Personal Income Tax in Nigeria.

Expertise in tax law compliance, incentives

At Alliance Professional Services we shall deploy our wealth of experience cutting across various industries exposure in professional practice and Tax administration at the Federal Level to meet the need of our clients in guiding them through the plethora of the Nigerian tax laws with a view to assisting them with their compliance roles while at the same tame taking maximum advantage of the various tax incentives available to boost their investments.

The taxes collectible by each tax authority is clearly stated in the Taxes and Levies (Approved List for Collection) Act of 1998

FIRS Administered Taxes

Alliance Professional Services [APS] provides professional assistance in guiding our clients to fulfill it compliance obligation with all FIRS administered taxes which include but not limited to the following:

Companies Income Tax

Petroleum Profit Tax

Value Added Tax

Capital Gains Tax.

Stamp Duties

National Information Technology Development Levy

The other thirty-seven tax authorities on the other hand administer and collects such taxes as:

Personal Income Tax viz PAYE

Personal Income Tax – Direct Assessment.

Pools betting and lotteries, gaming and casino taxes.

Road Taxes

Stamp duties on instruments executed by individuals.