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By Taiwo Oyedele
The Organisation for Economic Cooperation and Development (OECD) on Thursday 25 April 2019, published the full version of its 2017 Model Tax Convention on Income and Capital, the tenth edition.
By Taiwo Oyedele
We are pleased to share the 2019 version of our Nigeria Tax Data Card containing summaries of over 15 different taxes in a tabular, pocket-sized format.
By Taiwo Oyedele
The Minister for Budget and National Planning, Udoma Udo Udoma and the Executive Chairman of the FIRS, Babatunde Fowler hinted during an interactive session with the National Assembly on Tuesday 19 March 2019...
By Taiwo Oyedele
The National Assembly has passed a new law, the National Housing Fund (Establishment) Act 2018.
By Taiwo Oyedele
The Federal Inland Revenue Service (FIRS) has issued Guidelines on accessing Mutual Agreement Procedure in Nigeria.
By Taiwo Oyedele
The FIRS has begun to enforce compliance with Nigeria's CbCR Regulations. Members of multinational groups that meet the CbCR threshold have an obligation to notify the FIRS of the identity and tax residence of...
By Esiri Agbeyi, Oyinlola Adedipe, Yemi Jimoh
The World Health Organisation (WHO) recommends that travelers are vaccinated to prevent the transmission of yellow fever (YFV) with specific requirements for travelers.
By Taiwo Oyedele
We understand that the FIRS today wrote a letter to all banks communicating a temporary suspension of lien on accounts of taxpayers alleged to be in default of tax payments
By Taiwo Oyedele
According to the Infrastructure Concession Regulatory Commission, Nigeria has about 195,000 km of road network out of which about 32,000 km are federal roads and 31,000 km are state roads.
By Taiwo Oyedele
The LIRS has extended the deadline for employers to file their annual returns from 31 Jan to 8 Feb 2019.
By Taiwo Oyedele
In Theodak Nigeria Limited v FIRS, FIRS assessed the company, engaged in the letting of office premises, to tax based on a percentage of the value ...
By Taiwo Oyedele
The Federal Government of Nigeria has unveiled the Nigerian Code of Corporate Governance ("NCCG" or the "Code") drafted by the Financial Reporting Council of Nigeria ("FRC").
By Taiwo Oyedele
Nigeria's President, Muhammadu Buhari has signed an Executive Order 007 to enable private sector companies fund the construction of roads and be repaid via tax credits to be utilised against their future tax obligations.
By Taiwo Oyedele
One of the key developments in 2018 was the FIRS writing to banks appointing them as collection agents of taxpayers considered to be delinquent in their tax payments.
By Taiwo Oyedele
The LIRS has issued a Public Notice mandating employers to account for and remit CGT on termination benefits and any other capital sum paid to disengaging employees.
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