Increase compliance level of your organization. At a glance learn the compliance status of your organization. Laser Legal Compliance Solution provides a centralized, access-controlled environment for monitoring status of legal compliances you face. LLCS® is a flexible web-based solution that brings compliance team, compliance owners and management on the same platform. LLCS® establishes a transparent and uniform process for managing legal compliances of your organization.
Laser Audit Reporting System – LARS
Get real-time completion status of ongoing Audits at all locations. Centrally manage audit planning, audit programs, workpapers and fieldwork and coordinate information among Auditors, Auditees and Management at all levels of organization.
Laser Audit Reporting System puts you in control of the complete audit lifecycle by establishing a systematic, disciplined and a uniform process for internal audit management. Aligned with the Institute of Internal Auditors (IIA) standards, this web-based solution enables you to plan your annual audits, schedule it, view audit programs, create work papers and findings and track ongoing observations. Through LARS® you can keep all your audit files in one place and easily share them with Auditors, Auditee and Management Team.
Laser Enterprise Risk Management System
Establish a transparent and uniform process at all levels of organization for Risk Management. Bring Risk Manager, Risk Owners and Management together.
LERMS® enables you to proactively address financial, reputational and operational risks against your corporate goals. LERMS® a web-based solution delivers a central risk management system for identifying risks, evaluating their likelihood and impact, relating them to mitigating controls and tracking their resolution. It establishes a process for full lifecycle of risk management.
Business Experience
ETrends Technologies India has over 9 years experience in providing professional web development services for clients across the globe. We have successfully implemented the LASER PRODUCTS in companies of different sizes and complexity in various business and technology domains.
Experience and Expertise
Having worked on numerous projects, ETrends Technologies India has gained unmatched business and technological expertise. We have built a large database of knowledge that we apply to deliver solutions that meets your need, expectations and budget.
Under the Nigeria Tax Administration Act (NTAA) 2025, the government has introduced Mandatory Disclosure Rules (MDR). That marks a shift from a "reactive" system, where the tax authority finds schemes during audits, to a "proactive" system, where you must tell them about your tax planning upfront. As of 2026, the Nigeria Revenue Service (NRS) and state authorities like the LIRS have issued specific guidelines on how and when these disclosures must happen. 1. What Must Be Disclosed? You are required to disclose any Tax Planning Arrangement that has the primary purpose of obtaining a tax advantage. This includes: Artificial Transactions: This are Schemes that lack "economic substance" (i.e., they only exist on paper to reduce tax). Exploiting Loopholes: This is a process of Using technical defects in the law to shift profits or avoid liabilities. Income Shifting: This involves Moving profits to related parties or offshore jurisdictions in a non-arm's-length manner. Deferrals: This is an Arrangements designed primarily to delay the payment of tax to a much later period. 2. Who is Responsible for Disclosure? The duty to disclose is "standalone," meaning multiple parties may be held liable: The Taxpayer: The individual or company benefiting from the scheme. The Promoters: Consultants, accountants, or lawyers who designed or "sold" the tax planning structure. 3. The 30-Day Rule (Timeline) Disclosure is not an "end-of-year" activity. You must report on the arrangement within 30 days of the earliest of these events:
The date of the arrangement is implemented.
The date the taxpayer becomes aware of the arrangement.
The date of any legal document related to the transaction is signed.
Safe Harbors (What Doesn’t Need Disclosure) The law does not ban all tax planning. You generally do not need to disclose: Statutory Reliefs: Claims for capital allowances, pioneer status, or exemptions explicitly written in the law (e.g., the 0% rate for small businesses). Genuine Commercial Deals: Routine business transactions that have a real commercial purpose and follow "arm's length" pricing. Internal Reorganizations: Changing your business structure for efficiency with no change in who owns the assets.
Penalties for non-disclosure The 2026 enforcement regime treats "secrecy" as a serious offense that If the NRS discovers a scheme that was not disclosed: Category Penalty / Consequence Administrative Fine Up to ₦1,000,000 for the failure to report. Notice Default ₦1,000,000 for the first day of failing to provide info + ₦10,000 per day. Criminal Sanction On conviction, imprisonment for up to 3 years or a heavy fine, or both. Professional Risk Intermediaries (Accountants/Lawyers) may be reported to their professional bodies (e.g., ICAN, CITN, NBA) for sanctions. Assessment The NRS will disregard the scheme, raise an additional tax assessment, and add interest at the CBN rate. Summary for Professionals If you are managing tax for a company, the era of "hidden" tax efficiency is over. The system is moving toward transparency by design. Documentation is key: If you enter a complex structure, you must have a "Tax Position File" ready to explain the commercial (non-tax) reason for the transaction. Self-Correction: If you realize a scheme wasn't disclosed, it is better to voluntarily disclose it before the NRS triggers a Tax Investigation, which is much more aggressive than a standard audit.
