FIRS Announces IT System Shutdown for Maintenance Amid Changes in Corporate Tax Laws
The Federal Inland Revenue Service (FIRS) in Nigeria will temporarily shut down its IT systems for maintenance from November 28 to November 30, 2025. This announcement comes alongside clarifications on upcoming changes to corporate income tax obligations for small companies.
Small companies with annual turnover not exceeding N50 million and fixed assets below N250 million will be exempt from paying corporate income tax in 2026. FIRS aims to ensure compliance and accurate reporting, introducing a minimum effective tax rate of 15% for qualifying small companies.
Additionally, new levies will replace existing taxes to support regulatory changes.
Plus234Feed summary based on reporting from NairaMetrics. Read the original report below.
Read full article
Continue on NairaMetrics
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
FIRS to Unveil Nigeria Tax Reform Acts in Stakeholder Engagement Session
Nigeria Immigration Service Announces Temporary Interruptions in Digital Passport Services for Maintenance
FIRS Chairman Urges Fiscal Reforms to Boost Nigeria's Revenue
Nigerian FIRS Requires Small Companies to File Tax Returns Despite Zero Percent Tax Rate
FIRS Collaborates with Security Agencies to Tackle Tax Evasion in Lagos
FIRS and French Authority Partner to Enhance Digital Tax Administration
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
