According to section 55 of the income tax law for companies, the Federal Inland Revenue of Nigeria has declared a policy change and stated that non-resident companies will be required to file their returns. Non-resident companies have filed their returns on a turnover basis and will require filing their tax returns on the basis of audited accounts covering income from their operations in Nigeria. The preparation in 2014 tax returns and filed on a deemed profit basis would be null and void and companies would require resubmitting their tax returns according to be the imposition of penalties.