Mondaq Middle East & Africa - Nigeria: Tax
Deloitte Nigeria
On 20 June 2019, the Tax Appeal Tribunal (TAT), in the case between Nigeria Breweries Plc and Abia State Board of Internal Revenue Service (Respondent), ruled that gratuity is not liable to personal income tax.
Deloitte Nigeria
The deadline for filing of income tax and transfer pricing (TP) returns with Federal Inland Revenue Service (FIRS) is fast approaching for corporate taxpayers whose financial year-end is 31 December.
Andersen Tax LP
Recently, the Lagos State Internal Revenue Service (LIRS) issued a Public Notice (PN) disclosing its intention to integrate the LIRS' PID for taxpayers with the national TIN system using taxpayers' BVN.
Andersen Tax LP
Given the high capital mobility and sharp competition for investments in the global market, countries have continued to employ varying strategies to attract investments and drive economic growth
Deloitte Nigeria
The Lagos State Internal Revenue Service (LIRS) has issued a public notice (the Notice) on its intention to integrate the LASG-EBS Taxpayer Identification Digit (PID)
Andersen Tax LP
One of the more common related party transactions conducted by taxpayers in Nigeria is intra-group services.
Andersen Tax LP
On 18 May 2019, the Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, disclosed that the FIRS would soon begin the collection of Value Added Tax (VAT) ...
Deloitte Nigeria
Is FIRS Empowered To Place A Lien On Tax Defaulter's Account? (Video)
Andersen Tax LP
Power, regardless of its source, remains a critical factor for economic and industrial development in any country.
Andersen Tax LP
The digital economy is fast becoming the most innovative and widest reaching economy in the world.
Andersen Tax LP
The Executive Chairman of the Federal Inland Revenue Service (FIRS) and the Minister for Budget and Planning recently alluded to a proposed increase of Value Added Tax (VAT) rate from 5% to 6.5% -7.5%
PwC Nigeria
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.
Andersen Tax LP
The Nigerian lottery and gaming industry has seen a lot of growth and expansion in recent years.
Andersen Tax LP
The Nigerian Investment Promotion Council (NIPC) recently released its Pioneer Status Incentive (PSI) Report for the fourth quarter of 2018.
PwC Nigeria
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.
Andersen Tax LP
In August 2018, taxpayers were awakened to sudden freezing of their bank accounts for alleged non-payment of taxes and this marked the beginning of an "account- freezing" operation by the Federal Inland Revenue Service (FIRS).
Andersen Tax LP
In 2018, the Federal Inland Revenue Service (FIRS) reported that it collected N5.32trillion in tax revenue.
Andersen Tax LP
Section 41 of the Personal Income Tax (PIT) Act mandates all persons who are taxable under the PIT Act to file a return of income and claims for every tax year with the tax authority of the state ...
Andersen Tax LP
One of the major changes in the Income Tax (Transfer Pricing) Regulations 2018 (NTPR) is the introduction of administrative penalties.
Andersen Tax LP
Following the suspension of lien placed on the bank accounts of alleged non-compliant taxpayers in February 2019
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Strachan Partners
Tax administration in Nigeria is vested in the three tiers of government.
Banwo & Ighodalo
Nigeria is obliged to pay 2% of its assessable profit as Education Tax.
Andersen Tax LP
The Executive Chairman of the Federal Inland Revenue Service (FIRS) and the Minister for Budget and Planning recently alluded to a proposed increase of Value Added Tax (VAT) rate from 5% to 6.5% -7.5%
Andersen Tax LP
The Nigerian lottery and gaming industry has seen a lot of growth and expansion in recent years.
Andersen Tax LP
The digital economy is fast becoming the most innovative and widest reaching economy in the world.
Deloitte Nigeria
The Federal Inland Revenue Service (FIRS), on 22 October 2018, notified the general public that it has commenced issuance of value-added tax certificates to all new and existing taxpayers registered for VAT purposes.
PwC Nigeria
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.
AO2 Law
An internal memo of the Federal Inland Revenue Service dated July 25 1 2018 and captioned "Re: Circular on Withholding Tax Utilisation and K-Card Update Key Deliverables" (Memo) has become public knowledge.
AELEX
The second condition in Section 31(2) of the FIRS Act embodies the knotty issues of tax substitution.
PwC Nigeria
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...
Advocaat Law Practice
With elections looming and the need to deliver on earlier campaign promises, there is renewed revenue generation drive by all tiers of government.
PwC Nigeria
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.
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