Mondaq All Regions - Nigeria: 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%
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
Andersen Tax LP
On 18 February 2019, the National Assembly passed the National Housing Fund (NHF) Establishment Bill 2018 ("the NHF Bill").
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...
PwC Nigeria
The National Assembly has passed a new law, the National Housing Fund (Establishment) Act 2018.
Deloitte Nigeria
We will continue to monitor developments in this space and provide updates as soon as they become available.
Andersen Tax LP
As simple as this may seem, the profit to be considered for the purpose of EDT has been subject to several interpretations by different stakeholders in the tax space.
Deloitte Nigeria
Section 41 of the Personal Income Tax Act (PITA) Cap P8 LFN 2004 (as amended) requires all individuals to submit their individual tax returns (Form A) with the relevant tax authority.
Deloitte Nigeria
FCT High Court on Monday, 14 January 2019 ruled that LGCs in the FCT lack authority to impose taxes and levies that are outside the purview of the Constitution of the Federal Republic Of Nigeria, 1999 as amended and TALC.
Deloitte Nigeria
Federal Inland Revenue Service (FIRS), on 21 February 2019, issued guidelines setting out steps that taxpayers must follow for initiating Mutual Agreement Procedure (MAP).
PwC Nigeria
The Federal Inland Revenue Service (FIRS) has issued Guidelines on accessing Mutual Agreement Procedure in Nigeria.
Deloitte Nigeria
Federal Inland Revenue Service (FIRS) has recently been issuing Notice of Refusal to Amend (NORA) assessments issued in respect of on-going tax audit exercises.
Most Popular Recent Articles
Strachan Partners
Tax administration in Nigeria is vested in the three tiers of government.
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...
Andersen Tax LP
On 18 February 2019, the National Assembly passed the National Housing Fund (NHF) Establishment Bill 2018 ("the NHF Bill").
Andersen Tax LP
In 2018, the Federal Inland Revenue Service (FIRS) reported that it collected N5.32trillion in tax revenue.
Andersen Tax LP
Following the suspension of lien placed on the bank accounts of alleged non-compliant taxpayers in February 2019
Banwo & Ighodalo
Nigeria is obliged to pay 2% of its assessable profit as Education Tax.
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
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.
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.
AELEX
The second condition in Section 31(2) of the FIRS Act embodies the knotty issues of tax substitution.
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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