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By Andersen Tax LP
On 20 August 2019, the Tax Appeal Tribunal (TAT or Tribunal) sitting at Enugu, held that a taxpayer may not be liable to taxes (including interest and penalties)
By Adebowale Adeniyi, Lanre Akinbolajo
The introduction of withholding tax (WHT) provisions in the Nigerian tax laws in 1977, imposed on taxpayers the obligation to deduct tax at source on payments for qualifying transactions.
By Oladejo Adeyemi, Ikechi Chukwu
Based on international trade convention, every country is allowed to adopt laws, rules and regulations that govern its trade relationships with other countries
By Olaleye Adebiyi, Ogochukwu Isiadinso
In the first quarter of 2019, Nigeria recorded an increase of about 216% in foreign capital and investments when compared to the previous quarter.1
By Andersen Tax LP
On 28 June 2019, the Federal High Court affirmed the data privacy rights of Nigerian citizens and directed the National Identity Management Commission.
By Andersen Tax LP
One of the key objectives of the Income Tax (Transfer Pricing) Regulations, 2018 (NTPR) as captured in regulation 2(e) is to provide taxable persons with certainty of transfer pricing treatment
By Andersen Tax LP
On 14 August 2019, the Federal Inland Revenue Service (FIRS) issued a Public Notice (PN) on deduction of tax at source from compensations paid to agents by principal companies.
By Olayinka Oluata
Do you have a single or multiple streams of income or investments? Do you earn income in the form of dividend, rent, interest etc. from your investments?
By Andersen Tax LP
On 19 July 2019, the Organisation for Economic Cooperation and Development (OECD) released its report on harmful tax practices across various jurisdictions. The report indicates that Mauritius
By Andersen Tax LP
The Financial Reporting Council of Nigeria (FRCN) has revoked Rule 4 of the FRCN Rules through a public notice (PN) dated 11 July 2019.
By Ogochukwu Isiadinso, Patience Ajogbor
With the recent cybersecurity breaches involving major companies such as Google, which was slammed with a fine of £44 million and British Airways.
By Olaleye Adebiyi, Ogochukwu Isiadinso
In 2018, the African Export-Import Bank reported that only 15% of international trade by African countries takes place within the African continent.
By Patience Ajogbor, Ogochukwu Isiadinso
Recently, the NITDA commenced investigations on some identified data controllers for alleged breach of the NDPR.
By Andersen Tax LP
The National Information Technology Development Agency (NITDA) has granted a three-month extension to Data Controllers and Processors (organizations and entities who collect and process
By Adebowale Adeniyi
Within the last decade, the Nigerian upstream sector witnessed significant transactions involving the sale of interests in oil licenses.
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