Legit.ng on MSN
LIRS sends strong warning to individuals, businesses that try to illegally reduce their taxes
The Lagos State Internal Revenue Service (LIRS) has warned individuals and businesses against engaging in artificial or ...
Council Chairman of Association of National Accountants of Nigeria (ANAN), Mr. Benjamin Osisioma, has urged accountants not to promote fictitious transactions. He said they should improve skills and ...
A man has written to the Central Bank of Kenya (CBK) to over fictitious transactions in his personal bank account and unlawful Credit Reference Bureau (CRB) listing for two years. As far back as 2018, ...
On August 4, 2023, the IRS published proposed regulations that, if finalized, would identify monetized installment sale transactions as a listed transaction. Sellers, intermediaries and other involved ...
The Punch on MSN
LIRS warns against fake transactions to avoid tax
The Lagos State Internal Revenue Service has warned taxpayers against engaging in artificial or fictitious transactions ...
It was ruled that the Assessing Officer’s own finding of circular trading negates the application of bogus purchase jurisprudence. In the absence of evidence of sham transactions, estimated profit ...
The CJEU has considered the right to deduct VAT where a trademark assignment was regarded as a fictitious transaction under national civil law. Register for free to receive our newsletter, view ...
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