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 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.
FIRS Generates Additional N301B As IGR in June, 2016
The Executive Chairman of FIRS, Mr Tunde Fowler has said they are now ready to fund the Federal annual budget from non-oil revenue sources.
He said this during the July 2016 Federation Accounts Allocation Committee (FAAC) meeting in Ogun State. Apart from the N279.16B realised from non-oil revenue, another N67.4B came from VAT, in addition to increases in revenue from company income tax, import duties and royalties.
This is unprecedented in the history of Nigeria and the first time the FG shared over N500B among the three tiers of government. If this trend continues then the dependent on oil as a major source of revenue will gradually varnish.
Congratulations FIRS, congratulations Mr Tunde Fowler.
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......
fr 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?
Multinationals Fleece N1trn From Nigeria via Tax Evasion
5th August, 2016
The Federal Government on Wednesday alleged that some of the multinational firms operating in Nigeria had fleeced the country of taxes to the tune of N1 trillion within an unspecified period.Minister of Information and Culture, Lai Mohammed, who briefed State House correspondents on the outcome of the meeting, in conjunction with Minister of Transport, Rotimi Amaechi, and Minister of Power, Works and Housing, Babatunde Fashola, noted that some multinational firms were in the habit of looking for safe havens for their investments where they can conceal figures and evade tax.
Efforts are now made to recover the unpaid taxes from such multinationals.
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.