The Federal Inland Revenue Service (FIRS) recently issued a circular setting out guidelines for the filing of tax returns and other compliance obligations relating to approved enterprises within the export processing and free trade zones in Nigeria. These guidelines were issued following the Finance Act 2020 amendments to the Nigeria Export Processing Zone Act (NEPZA) and Oil and Gas Free Zone Act (OGFZA).
The circular clarifies that licences issued by the Authority or Management of a Zone are only valid within the relevant Zone. Tax laws will be duly applied on unapproved entities operating within Zones, or entities with expired or withdrawn licenses.
Find out more in the tax Alert below:
Download Tax Alert - FIRS issues tax return guidelines for Free Zone enterprises in Nigeria