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COMMENTARIES ON THE FIRS + NEPZA MARRIAGE OF UNLAWFUL PROPOSITIONS
On Wednesday, February 21, 2024, the Federal Inland Revenue Service (FIRS) in conjunction with the Nigeria Export Processing Zones Authority (NEPZA) issued a public document, captioned “Guidelines for Tax Compliance by Approved Enterprises Operating in Nigeria Export Processing Zone” (the Guidelines). The Guidelines is issued, purportedly, pursuant to the provisions of the Federal Inland Revenue Service (Establishment) Act 2007, as amended (FIRS Act), the Companies Income Tax Act, Cap. C21, LFN 2004, as amended (CITA), Value Added Tax Act, Cap. VI LFN 2004, as amended (VAT Act), and the Nigeria Export Processing Zones Act, Cap N107 LFN 2004, as amended (NEPZA Act).