On the 27th July 2022, the Federal Inland Revenue (FIRS) released an Information Circular (No.2022/17) on the standardization of mode of filing tax returns with the Service. This circular according to FIRS is coming based on the Memorandum of Understanding (MOU) signed between the Chartered Institute of Taxation of Nigeria (CITN), the Institute of Chartered Accountants of Nigeria (ICAN) and the Association of National Accountants of Nigeria (ANAN) on the practice of taxation in Nigeria. The MOU was brokered by FIRS and was signed by all parties in Abuja on the 31st of May 2021.

In this Publication, our Senior Associate Ibezimako Wogu shares his thoughts on the circular.

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