Attention! FIRS to Audit All Companies in Nigeria Within 30 Days

Companies operating in Nigeria should soon get their books in order as the Federal Inland Revenue Service, FIRS, has announced that it would carry out a special audit of all companies operating in the country within 30 days.

In a statement signed by the Director, Communications and Servicom Department, Mr. Emmanuel Obeta, The FIRS said the decision to carry out the exercise was reached after a meeting between the Acting Executive Chairman, FIRS, Mr. Babatunde Fowler and audit firms, chartered accountants, tax consultants and other professional Service providers.

The statement stated that the audit would be carried out within 30 days and would take into consideration the various year ends and peak points of activities of the various companies.

It said the collaboration between the professional service providers, states board of internal revenue and FIRS, would mark a turning point for taxation as well as reduce the country’s reliance on oil.

The statement quoted Fowler as saying input from stakeholders was necessary for the expansion of the nation’s tax net, information dissemination.

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