Nigeria's Federal Inland Revenue Services (FIRS) issued a public notice in May 2022 regarding the submission of certificates of acceptance for claiming capital allowances on qualifying capital expenditure (QCE). This includes that all companies that enjoyed capital allowances on QCE of NGN 500,000 and above between the 2016 and 2021 years of assessments are required to submit their Certificate(s) of Acceptance issued by the Industrial Inspectorate Division of the Federal Ministry of Industries, Trade, and Investment. The certificates must be submitted to the tax office where the company's tax file is domiciled no later than 31 October 2022. Failure to...