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In a bid to ensure that economic and financial challenges faced by the country are promptly managed and addressed through revised

Withholding Tax (WHT) is an advance payment of income tax that is deductible at source on specific transactions. In simple terms, where Party A and B enter a transaction...

It is commonplace in the jurisprudence of taxation in Nigeria that there is no taxation without legislative consent. This implies that the imposition of any levy or tax in Nigeria must be authorized by the National Assembly.

Following the perceived need to enhance the process of tax administration, increase compliance, optimise revenue generation, and ensure fairness and equity in Nigeria, President Bola Ahmed Tinubu signed four bills on taxation, fiscal and revenue reforms into law on 26th June 2025.

On 26 June 2025, President Bola Ahmed Tinubu signed into law the Nigeria Tax Act, 2025, Nigeria Tax Administration Act, 2025, National Revenue Service (Establishment) Act, 2025, and Joint Revenue Board (Establishment) Act, together the "Nigerian Tax Reform Acts".

Tax is not just a compulsory contribution to state revenue levied on people and businesses by the government but a policy instrument for prosperity and national development.

Tax administration in Nigeria is vested in the three tiers of government.

The Senate finally passed the FB23 on 3rd May 2023, while the House of Representatives passed it on 24th May 2023.

The Finance Act 2020 was enacted by the National Assembly of the Federal Republic of Nigeria to amend eight (8) tax legislations viz Companies Income Tax Act, Value Added Tax Act,...

The Nigeria Tax Act, 2025 ("the Act") was signed into law on June 26, 2025, and is set to take effect from January 1, 2026. This new legislation marks a major reform of Nigeria's tax system.

It is no longer news that share buybacks is one of the innovations introduced by the Companies and Allied Matters Act 2020.

The Nigerian agricultural sector is brimming with massive investment opportunities, across the value chain, for both local and foreign investors, with the current favourable policies of the...

The most common forms of private equity ("PE") transactions in Nigeria have traditionally been leveraged buyouts (by way of share or asset acquisitions), and expansion/growth capital.

The circulars dated 3rd June 2021, amend, update or replace contents of any circular, notice or other publication previously issued by the FIRS on any given subject.

The Taxes and Levies (Approved List of Collection) Act (TAL Act or the Act) is probably one of the most controversial and criticised law in Nigeria's history.

In 2011 the Federal Government, amongst several other initiatives to incentivize increased investment in Nigeria, issued the Companies Income Tax (Exemption of Bonds and Short Term Government Securities) Order, 2011.

This article examines the conundrum of tax liability for NRSCs in Nigeria. It is divided into three parts.