Payment of 30% tax on Interim dividend now compulsory- FIRS

    The acting Executive Chairman of the Federal Inland Revenue Service (FIRS),Mr Tunde Fowler in a press conference and meeting with stakeholders on resuming office disclosed the enforcement of 30% advance Companies’ income tax (CIT) on profits from which interim dividends are paid. Letters have now been issued to some affected companies and also a public issued to that effect.

Find the Public notice as issued by FIRS after the cut;