FIRS – NBC Institute

TAX – May 2021 – L1 – SA – Q11 – Tax Administration and Enforcement

Objective question about the penalty for failure to notify FIRS of change of address within a specified time frame.

Question

In respect of VAT, a person who fails to notify the FIRS of any change of address within one month of such change is liable to pay a penalty of:
A. N25,000
B. N20,000
C. N15,000
D. N10,000
E. N5,000

Answer

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Tags: Change of Address, FIRS, Penalties, Taxpayer obligations, VAT
Level: Level 1

Topic: Tax Administration and Enforcement
Series: MAY 2021

TAX – May 2021 – L1 – SA – Q9 – Tax Administration and Enforcement

Multiple-choice question regarding the time frame for refund of excess withholding tax deducted.

Question

In line with the Federal Inland Revenue Service (Establishment) Act, 2007, any excess withholding tax deducted should be refunded within……………….of the decision of the Service of refund.
A. 120 days
B. 90 days
C. 60 days
D. 40 days
E. 30 days

Answer

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Tags: Deadlines, FIRS, Refund, Tax Administration, Withholding Tax
Level: Level 1

Topic: Tax Administration and Enforcement
Series: MAY 2021

TAX – May 2021 – L1 – SA – Q7 – Tax Administration and Enforcement

Multiple-choice question regarding the deadline for companies to file tax returns with the Federal Inland Revenue Service (FIRS).

Question

Within how many months after the end of an accounting year should an existing company file its tax returns with the Federal Inland Revenue Service?
A. 12 months
B. 10 months
C. 8 months
D. 6 months
E. 4 months

Answer

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Tags: Accounting Year, Deadlines, Filing Obligations, FIRS, Tax Returns
Level: Level 1

Topic: Tax Administration and Enforcement
Series: MAY 2021

TAX – May 2021 – L1 – SA – Q11 – Tax Administration and Enforcement

Objective question about the penalty for failure to notify FIRS of change of address within a specified time frame.

Question

In respect of VAT, a person who fails to notify the FIRS of any change of address within one month of such change is liable to pay a penalty of:
A. N25,000
B. N20,000
C. N15,000
D. N10,000
E. N5,000

Answer

Find Related Questions by Tags, levels, etc.

Tags: Change of Address, FIRS, Penalties, Taxpayer obligations, VAT
Level: Level 1

Topic: Tax Administration and Enforcement
Series: MAY 2021

TAX – May 2021 – L1 – SA – Q9 – Tax Administration and Enforcement

Multiple-choice question regarding the time frame for refund of excess withholding tax deducted.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Deadlines, FIRS, Refund, Tax Administration, Withholding Tax
Level: Level 1

Topic: Tax Administration and Enforcement
Series: MAY 2021

TAX – May 2021 – L1 – SA – Q7 – Tax Administration and Enforcement

Multiple-choice question regarding the deadline for companies to file tax returns with the Federal Inland Revenue Service (FIRS).

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounting Year, Deadlines, Filing Obligations, FIRS, Tax Returns
Level: Level 1

Topic: Tax Administration and Enforcement
Series: MAY 2021

Question Tag: FIRS

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TAX – May 2021 – L1 – SA – Q11 – Tax Administration and Enforcement

Objective question about the penalty for failure to notify FIRS of change of address within a specified time frame.

TAX – May 2021 – L1 – SA – Q9 – Tax Administration and Enforcement

Multiple-choice question regarding the time frame for refund of excess withholding tax deducted.

TAX – May 2021 – L1 – SA – Q7 – Tax Administration and Enforcement

Multiple-choice question regarding the deadline for companies to file tax returns with the Federal Inland Revenue Service (FIRS).

TAX – May 2021 – L1 – SA – Q11 – Tax Administration and Enforcement

Objective question about the penalty for failure to notify FIRS of change of address within a specified time frame.

TAX – May 2021 – L1 – SA – Q9 – Tax Administration and Enforcement

Multiple-choice question regarding the time frame for refund of excess withholding tax deducted.

TAX – May 2021 – L1 – SA – Q7 – Tax Administration and Enforcement

Multiple-choice question regarding the deadline for companies to file tax returns with the Federal Inland Revenue Service (FIRS).

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TAX – May 2021 – L1 – SA – Q11 – Tax Administration and Enforcement

Objective question about the penalty for failure to notify FIRS of change of address within a specified time frame.

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TAX – May 2021 – L1 – SA – Q9 – Tax Administration and Enforcement

Multiple-choice question regarding the time frame for refund of excess withholding tax deducted.

You're reporting an error for "TAX – May 2021 – L1 – SA – Q9 – Tax Administration and Enforcement"

TAX – May 2021 – L1 – SA – Q7 – Tax Administration and Enforcement

Multiple-choice question regarding the deadline for companies to file tax returns with the Federal Inland Revenue Service (FIRS).

You're reporting an error for "TAX – May 2021 – L1 – SA – Q7 – Tax Administration and Enforcement"

TAX – May 2021 – L1 – SA – Q11 – Tax Administration and Enforcement

Objective question about the penalty for failure to notify FIRS of change of address within a specified time frame.

You're reporting an error for "TAX – May 2021 – L1 – SA – Q11 – Tax Administration and Enforcement"

TAX – May 2021 – L1 – SA – Q9 – Tax Administration and Enforcement

Multiple-choice question regarding the time frame for refund of excess withholding tax deducted.

You're reporting an error for "TAX – May 2021 – L1 – SA – Q9 – Tax Administration and Enforcement"

TAX – May 2021 – L1 – SA – Q7 – Tax Administration and Enforcement

Multiple-choice question regarding the deadline for companies to file tax returns with the Federal Inland Revenue Service (FIRS).

You're reporting an error for "TAX – May 2021 – L1 – SA – Q7 – Tax Administration and Enforcement"

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