FIRS advises shipping companies on tax regularisation

The Federal Inland Revenue Service has urged all international shipping companies operating in the Nigerian territorial waters to regularise their tax positions immediately., and published on the agency verified X platform page on Monday said the agency observed that many international shipping lines have not complied with the tax obligations imposed by extant tax laws.

The agency noted that the notice continues the two previous circulars published in 2021 on taxation of international shipping airlines and tax compliance. “Consequently, the Service hereby requests all international shipping companies operating in Nigerian territorial waters in whatever capacity to regularise their tax positions immediately.

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