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By Taiwo Oyedele
A Bill to amend various tax laws in Nigeria is currently undergoing legislative process at the National Assembly.
By Taiwo Oyedele
President Muhammadu Buhari today signed into law, a Bill to amend the Deep Offshore (and Inland Basin Production Sharing Contract) Act [the PSC Act].
By Taiwo Oyedele
Corporate Tax Comparative Guide for the jurisdiction of Nigeria, check out our comparative guides section to compare across multiple countries
By Taiwo Oyedele
Nigeria's President, Muhammadu Buhari today presented the 2020 Budget to the Joint Session of the National Assembly.
By Seun Adu, Tiwalade Otufale, Ovo Efemini
In 2017, the Federal Inland Revenue Service (FIRS) announced the introduction of six (6) new electronic services.
By Taiwo Oyedele
The Lagos State Internal Revenue Service (LIRS) has launched a new eTax system, a digital, end-to-end, multi-channel solution for tax filing and payments
By Taiwo Oyedele
At the current rate of 5%, Nigeria's record VAT collection of N1.1 trillion in 2018 amounts to 0.9% of GDP compared to about 3.8% for commonwealth and ECOWAS countries.
By Taiwo Oyedele
The Federal Inland Revenue Service (FIRS) has issued the Income Tax (Common Reporting Standard) Regulations, 2019 (CRS Regulations).
By Kenneth Erikume, Jumoke Oyebode, Emeka Chime
The Nigerian Police Trust Fund Act (the "Act") was passed by the National Assembly in April 2019, and signed into law by the President on 2 July 2019.
By Taiwo Oyedele, Folajimi Akinla, Kenneth Erikume
The Tax Appeal Tribunal (TAT or Tribunal), in Polaris Bank v. Abia State Board of Internal Revenue has made pronouncements on a number of different tax matters including:
By Agnes Osiyemi, Simisola Salu, Elizabeth Udosen
The National Office for Technology Acquisition and Promotion ("NOTAP) was established by the NOTAP Act, Cap. N62 LFN 2004 to monitor the transfer of foreign technology into Nigeria.
By Taiwo Oyedele
VAT stands for Value Added Tax.
By Taiwo Oyedele
The Nigeria Immigration Service has released guidelines for migrants e-registration requiring foreigners to register not later than 31 December 2019 or face sanctions.
By Taiwo Oyedele
The FIRS today released a public notice threatening to go after the directors, managers, secretaries and other persons concerned with the management of companies to recover tax liabilities owed
By Taiwo Oyedele
The FIRS has issued a Public Notice on the deduction of withholding tax and VAT on compensation paid to agents, dealers, distributors and retailers by principal companies
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