To serve in the best interest of our clients and ensure they are 100% tax compliant
To provide value based consultancy, driven by best practices and to become a team of reliable, result oriented, dedicated, committed and responsible tax consultants
Our Company Brief
We are a high-quality tax management company in Lagos, Lagos State, Nigeria. We have vowed to render unflinching tax services to our clients, whether your tax problem is large or small, our team of experts can provide the resources and solutions you need to get the job done right. Our track record for consistency, timely service, and issue-based expertise make insurmountable tasks possible to overcome.
Our multifaceted company is here to assist by providing a wide range of services at affordable prices. To speak with an experienced member of staff simply call +2348063029313 or visit us at Plot 21, Chief M I Okoro Avenue, Off Adebayo Doherty Rd (Road 14), Lekki Phase 1, Lagos, Lagos State, Nigeria at your earliest convenience.
Most Nigerians Don't Think The Rich Pay Enough Tax
Many Nigerians believe rich people, whether through hardwork or corrupt practices, pay little or no taxes at all. They are greedy and less honest than the average Nigerian.
The political class is the worst culprit. They use security agents and siren to evade taxes at the tollgates, and collude with bank officials to hide their wealth.
To make the matter worse the IRS, both at the federal and state levels, lack the willpower to track down these wealthy individuals that are spread around the nooks and crannies of our country to collect theri fair taxes. As long as the agencies leave out the rich and continue their concentration on the middle-class and the artisans, they will never meet government expected revenue targets.
Clarification on Closing Date for Submission of Application for Waiver of Penalty and Interest.
The FIRS has clarified the misinterpretation of the statement made by its Executive Chairman in Lagos to the effect that the Special Window has been extended to 31st December, 2016 to all taxpayers.
It said the Special Window has been extended only to taxpayers who are members of the National Association of Small and Medium Enterprises, NASME.
Taxpayers and members of the public are to take note and be guided.
The Lagos State Internal Revenue Service is involved in massive training of its staff for the challenges ahead.
In the last one month the LIRS has trained more than 1,000 of its staff in all categories to prepare them for the kind of jobs and approaches it expects them to undertake.
This is a very good step by the new administration.
The Leadership At Hoai Global Concerns
As a leading provider of Tax Management System and Solution, we take pride in offering the best tax advisory service. We are dedicated to serving the needs of our customers every day......
Why Is LIRS Wasting Resources Auditing All Organizations Every Year?
19th July, 2016
The question has often been asked on why LIRS deploys huge resources, human and financial, to audit all organizations in its tax-net every year. Does the exercise yield good return? Does it produce the desired result? Does it encourage voluntary tax compliance?
Does It Yield Good Return?
It has been discovered that the audit exercise brings in less than 2% of the revenue from taxation every year. Out of which commissions are paid to the agents and allowances paid to the LIRS staff. There should be a better approach to saving this unnecessary cost.
Does It Produce the Desired Result?
The main purpose of the audit exercise is to help ensure a high degree of voluntary compliance with the tax laws. The audit team examines the books, make necessary corrections and advises the taxpayer. It follows up to ensure full compliance every year thereby limiting infractions and the need for another audit. This is not the case in Lagos State.
Does It Encourage Voluntary Tax Compliance?
As presently constituted, tax audit by LIRS does not encourage voluntary compliance. The manner and way of examining the books and advising the taxpayer leaves much to cherish. The audit team, comprising agents and LIRS staff, has various interests which conflict with the main objective of the LIRS. They go all out to achieve these interests thereby discouraging the taxpayers from voluntary compliance.
So why is LIRS still continuing with this yearly audit?
FIRS Introduces Two Important Electronic Tax Products
2nd December, 2016
FIRS have introduced two products to facilitate easier and quicker revenue generation for the government. The e-filing of tax returns, and the e-taxpay.
Both products are simple ways to interact with the taxpayers on the Internet. It is faster, less frustrating, and more secure than the traditional paper filing method.
E-Filing of Tax Returns
This product gives taxpayers the opportunity to file their tax returns and conduct other tax activities online at their convenience, irrespective of their locations once they have Internet access.
This product is an online self-servicing tax payment medium that gives taxpayers the option to pay their taxes through their banks’ online platforms. Either through the banks’ online payment platform or through the existing FIRS Pay-Direct, this will give the same result.
How the Processes Work
Taxpayers can either seek professional help or file their tax returns themselves fro the comfort of their homes or offices by registering with the firs offices to obtain access entry to the firs website. It is usually safer to trust such tax duties to the professionals who can always sieve the relevant and required information needed by the tax authorities.
This is another milestone achievement by the new administration of the firs headed by the Executive Chairman, Mr Tunde Fowler.
However, it is important that all firs staff key in to this success and avoid actions that may frustrate the smooth implementation of these e-products.
Aiming to be the best in tax compliance
Neimeth Pharmaceuticals Products
Jkpeez Impex Company Ltd
Oil & Gas
Regional Centre for International Commercial Arbitration, Lagos
We are professionals who help clients with managing their taxes and assisting in the filing of their returns with the government.
Tax can be a potential problem area for businesses and individuals, and if not resolved timely can create all sorts of distractions.
Contact us today.