Mondaq All Regions - Nigeria: Tax
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.
Deloitte Nigeria
The Federal Inland Revenue Service (FIRS) has started issuing demand letters for payment of administrative penalties to taxpayers who did not file Country-by-Country Reporting
PwC Nigeria
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...
Andersen Tax LP
On 26 November 2018, the Court of Appeal held that the Ekiti State Board of Internal Revenue cannot make an ex-parte application to distrain a taxpayer's property or issue a warrant of distress in the absence of a final and conclusive tax assessment.
Andersen Tax LP
Taxpayers and tax administrators have continued to grapple with the burden of undertaking complex Transfer Pricing (TP) analyses in order to justify the arm's length principle.
Andersen Tax LP
On 14 January 2019, the High Court of the Federal Capital Territory held that LGCs in the FCT cannot impose unconstitutional taxes and levies on companies, in the case between AEDC v. KAC.
Andersen Tax LP
On 15 February 2019, the Federal Inland Revenue Service (FIRS), in a letter, directed banks in Nigeria to suspend the lien placed on the bank accounts of alleged non-compliant taxpayers ...
AELEX
Statutory law is the most common limitation to the application of legitimate expectation in tax cases.
Andersen Tax LP
The year 2018 witnessed a number of restructuring arrangements that necessitated the merger or the acquisition of some businesses.
Deloitte Nigeria
The Court of Appeal (CoA), in December 2018, upheld the ruling of Federal High Court (FHC) on the liability of educational institutions to pay companies income tax (CIT).
Deloitte Nigeria
In the quest to improve the infrastructural needs of Nigeria and maximise resources, the President of Nigeria approved the Executive Order 007 (the Order) ...
Andersen Tax LP
In 2016, Nigeria was plunged into an economic recession, which lasted from the third quarter of 2016 to the third quarter of 2017, hurting many businesses.
Andersen Tax LP
On 11 December 2018, the Court of Appeal, in the case between Best Children International Schools Limited, held that the Company is liable to Companies Income Tax, regardless of its claim to be an educational institution.
Andersen Tax LP
The 2018 fiscal year witnessed an increased tax activism by the revenue authorities and the Ministry of Finance. These events clearly demonstrated the government's intention to widen the tax net and raise additional revenue.
Andersen Tax LP
The above notwithstanding, tax authorities in Nigeria usually view discounts and rebates with skepticism.
Deloitte Nigeria
Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing the 2019 employers' annual tax returns to 8 February 2019. The due date for filing the returns is 31 January 2019.
Most Popular Recent Articles
Andersen Tax LP
In 2016, Nigeria was plunged into an economic recession, which lasted from the third quarter of 2016 to the third quarter of 2017, hurting many businesses.
Andersen Tax LP
On 11 December 2018, the Court of Appeal, in the case between Best Children International Schools Limited, held that the Company is liable to Companies Income Tax, regardless of its claim to be an educational institution.
Strachan Partners
Tax administration in Nigeria is vested in the three tiers of government.
PwC Nigeria
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 ...
AELEX
Statutory law is the most common limitation to the application of legitimate expectation in tax cases.
AELEX
The second condition in Section 31(2) of the FIRS Act embodies the knotty issues of tax substitution.
Andersen Tax LP
On 14 January 2019, the High Court of the Federal Capital Territory held that LGCs in the FCT cannot impose unconstitutional taxes and levies on companies, in the case between AEDC v. KAC.
Andersen Tax LP
The 2018 fiscal year witnessed an increased tax activism by the revenue authorities and the Ministry of Finance. These events clearly demonstrated the government's intention to widen the tax net and raise additional revenue.
Deloitte Nigeria
The Court of Appeal (CoA), in December 2018, upheld the ruling of Federal High Court (FHC) on the liability of educational institutions to pay companies income tax (CIT).
Andersen Tax LP
Taxpayers and tax administrators have continued to grapple with the burden of undertaking complex Transfer Pricing (TP) analyses in order to justify the arm's length principle.
Deloitte Nigeria
Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing the 2019 employers' annual tax returns to 8 February 2019. The due date for filing the returns is 31 January 2019.
Deloitte Nigeria
Statutorily, under the Personal Income Tax Act (PITA) Cap P8 LFN 2004 (as amended), every employer is under obligation to file employers' tax returns (Form H1)
Article Search Using Filters
Related Topics
Popular Authors
Popular Contributors
Up-coming Events Search
Tools
Font Size:
Translation
Channels
Mondaq on Twitter
Partners
In association with