The Finance Act 2020, which came into effect on 1st January 2021, amended Sections 18(1) of the Nigeria Export Processing Zones Authority Act (NEPZA) and Oil and Gas Free Zone Authority Act (OGFZA) respectively.

In light of the above, the Federal Inland Revenue Service (FIRS) published a notice on 15 April, 2021, which serves to provide clarity and guidance on the tax obligations of approved enterprises as provided in the amended laws, to the effect that all approved enterprises operating in the Free Trade, Export Processing, Oil & Gas Zones to file income tax returns.

The public notice provides as follows: