Hoai global concerns

01/01/2026

What Our Focus on the Four Tax Laws Should Be Begining from 2026.

To maximise the benefits derivable from the tax incentives provided by the government in the tax laws and not to join in the legal challenges of the gazetted version of the laws.
Tax incentives, such as: income tax exceptions, allowable deductions and reliefs, VAT exemptions and input VAT recovery, capital gains tax reliefs, economic development tax incentives, and employment and compensation reliefs, should attract the attention of any seriously compliance-minded taxpayer.

30/01/2024

14/11/2020

You need a tax advisor to straighten your private and business income taxes.
It has become necessary now more than ever before.

18/08/2020

18/08/2020

Interview with on e-filing.

15/09/2018

The cost of evading or avoiding tax is much higher than paying tax.
Pay your tax.

18/07/2017

Dear Sir/Madam,

About the Executive Order signed by the Acting President on the recently introduced "Voluntary Assets and Income Declaration Scheme" (VAIDS). The scheme is a window introduced by the government to give ample opportunity to the following groups:

1. Taxpayers who are in the habit of hiding some of their assets and incomes and only declaring very little for tax purpose

2. Tax evaders who fail to report any assets and incomes and thereby evading all taxes

3. Those who live and earn personal income and do not pay personal income tax to the state government where they reside.

The scheme allows individuals and corporate entities that come forward and regularize their tax positions between 1st July, 2017 and 31st March, 2018 to pay taxes without:

* No interest on overdue taxes
* No penalties
* No prosecution in law courts for tax offenses
* No audit investigation

WE MUST SEIZE THIS ONE TIME OPPORTUNITY TO STRAIGHTEN OUR TAX RECORDS.

16/10/2016

Two things have been identified to inhibit the attainment of the desired new heights by FIRS. The first is the difficulty in bringing all the taxable individuals and body corporates in the country into the tax net without the associated high costs. The second is the inability to solve the problem of the ever growing number and magnitude of delinquent accounts (or unpaid tax dues or tax debts).

12/09/2015

The hassle taxpayers go through to obtain their E-TCC has become even worse since the exit of the former Executive Chairman as there is nobody to complain to. It is now every man to his table as “Executive Chair-table”.

Governor Akunwunmi Ambode’s restructuring exercise is eagerly awaited because LIRS requires some injection of new lives to change things before many people decide to evade taxes or relocate to avoid further frustration.

11/09/2015

The E-TCC card has become a rare commodity in Lagos State Internal Revenue Service (LIRS). A visit to the first floor of Good Shepherd Building at Alausa, Ikeja, where the office is situated, will give you insight into the daily happenings and why taxpayers are having tough times knowing what to do to get their E-TCC.

10/09/2015

Taxpayers Difficulty in Getting E-TCC from LIRS

Once upon a time E-TCC (Electronic Tax Clearance Certificate) issued in the form of a card by the Lagos State Internal Revenue Service (LIRS) could be processed and handed over to taxpayers within 72 hours (3 days) Read more......www.hoaiconcerns.com

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