tax
Powers of the Service
Section 8 gives FIRS power to investigate, track non-compliant taxpayers, and counter tax avoidance schemes.
FIRS Act
Understanding your rights and obligations when FIRS conducts a tax audit or investigation of your business.
Section 8 gives FIRS power to investigate, track non-compliant taxpayers, and counter tax avoidance schemes.
Section 41 requires 6 years of records. Present your records as requested. Missing records attract penalties.
Section 25 allows FIRS to assess based on judgment if your records are inadequate or returns unsatisfactory.
Section 27 gives you 30 days to challenge any assessment arising from the audit.
Section 36 ensures due process. You have the right to fair treatment during the audit process.