On 21 August 2023, Nigeria's Federal Inland Revenue Service (FIRS) issued a Public Notice via X (formerly Twitter), calling on international shipping companies operating in Nigerian territorial waters to regularize their tax position in accordance with Circular No. 2021/14 of 3 June 2021, Taxation of Companies Engaged in Shipping, Air Transport and Cable Undertakings. A grace period is provided until 31 December 2023, after which enforcement action will be taken.
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PUBLIC NOTICE
TAX …