On 21 August 2023, the Federal Inland Revenue Service (FIRS) of Nigeria published a public notice in relation to tax compliance of international shipping lines.
The circular provides the basis of taxation of international shipping lines in Nigeria and the public notice requested all international shipping lines to regularise their tax affairs with the Federal Inland Revenue Service within three months of the date of that publication.
Consequently, the Service hereby requests all international shipping companies operating in Nigerian territorial waters in whatever capacity (containerised, bulk cargo, fishing trawlers, crude oil or natural gas lifting vessels, dredging, survey, Floating, Production, Storage and Offloading, etc.) to immediately regularise their tax positions.
All affected international shipping lines must conclude the regularization of their outstanding tax returns at the Non-Resident Persons Tax Office (17B Awolowo Road, Ikoyi, Lagos) not later than 31st December 2023.
The Service is collaborating with relevant government regulatory and security agencies in the maritime sector to commence enforcement action on all defaulting shipping companies after the expiration of the grace period of 31st December 2023.
