FIRS advises shipping companies on tax regularisation

The Federal Inland Revenue Service (FIRS) has urged all international shipping companies operating in the Nigerian territorial waters to regularise their tax positions immediately.

A public notice signed by the Executive Chairman, FIRS, Muhammad Nami, and published on the agency verified X platform page on Monday said the agency observed that many international shipping lines have not complied with the tax obligations imposed by extant tax laws.

The agency said all affected international shipping lines must conclude the regularisation of their outstanding tax returns no later than 31 December.