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On 28 February 2024, the President issued the Executive Order No 40 (Oil and Gas Companies (Tax Incentives, Exemptions, Remission etc.) to unlock investment in the gas sector.

The major objective of the waiver is to promote voluntary compliance and consequently generate revenue for government which otherwise, could have been lost.

The use of outsourcing companies for the provision of manpower needs of organisations has experienced steady rise in Nigeria.

The Lagos State Internal Revenue Service (LIRS) has issued eleven (11) public notices in various national newspapers since August 2017.

Taxing the estate of the deceased does not only augment government's budget, but also help in re-distributing wealth within the economy.

The Nigeria Tax Act 2025 has clarified and expanded the legal definition of permanent establishment and the rules regarding the attribution of income and profits to a permanent establishment.

One of the key objectives of the Income Tax (Transfer Pricing) Regulations, 2018 (NTPR) as captured in regulation 2(e) is to provide taxable persons with certainty of transfer pricing treatment

On 8 November 2019, the Tax Appeal Tribunal ("TAT" or "the Tribunal"), sitting in Lagos, upheld the applicability of excess dividend tax on franked investment income in the case between UAC of ...

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:

On 30th November 2020, the Tax Appeal Tribunal (the "Tribunal") sitting in Lagos delivered judgment in appeal number: TAT/LZ/WHT/007/2019...

On 30th November, 2020, the Tax Appeal Tribunal (TAT or "the Tribunal"), sitting in Lagos, delivered a ruling in the case of Tetra Pak West Africa Limited ("Tetra Pak" or "the Appellant")

The four bills, which form the backbone of Nigeria's ongoing tax reform efforts, have been passed by the House of Representatives and are awaiting passage by the Senate.

According to the National Tax Policy, taxpayers are the single most important group of stakeholders in the tax system.

In exercise of powers conferred on him by various tax statutes, the Minister of Finance and Coordinating Minister of the Economy has issued the Deduction of Tax at Source (Withholding) Regulations 2024.

The Federal Government has launched the Voluntary Offshore Assets Regularization Scheme.

In this article, we have reviewed these amendments and highlighted how it impacts the Small and Medium Scale Enterprises.

Regulatory compliance is important for any company and forms the foundation that enables businesses operate smoothly and sustainably.