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Nigeria Calls on International Shipping Companies to Regularize Their Tax Position

25 August 2023

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Approved Changes

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Nigeria

On 21 August 2023, Nigeria's Federal Inland Revenue Service (FIRS) issued a Public Notice via X (formerly Twitter), calling on international shipping companies operating in Nigerian territorial waters to regularize their tax position in accordance with Circular No. 2021/14 of 3 June 2021, Taxation of Companies Engaged in Shipping, Air Transport and Cable Undertakings. A grace period is provided until 31 December 2023, after which enforcement action will be taken. --- PUBLIC NOTICE TAX COMPLIANCE OF INTERNATIONAL SHIPPING LINES OPERATING IN NIGERIA This notice is published further to the FIRS' circular No. 2021/14 dated 3rd June, 2021 on the "taxation...