Tax refunds have a growing perception of being a myth in Nigeria. Like the saying “chickens will grow teeth when pigs begin to fly”, there is general pessimism on the likelihood of getting refunds for overpaid taxes.
However, the tax authorities will argue differently, and state that tax refunds are given for valid claims. In this article, we will highlight the general issues and bottlenecks surrounding the efficient administration of tax refunds in Nigeria, with a focus on Federal Inland Revenue Service (FIRS) refunds.
Source PwC
