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The federal government of Nigeria and Qatar have signed an agreement for the avoidance of double taxation on income and capital gains for investments between the two countries.

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...

The art of taxation, as Jean-Baptiste Colbert once remarked, consists in so plucking the goose to obtain the largest amount of feathers with the least possible amount of hissing.

The Lagos State Government, today, 8 September 2021 presented the State Value Added Tax (VAT) Bill, 2021 ("the Bill") at a stakeholders meeting organized by the House of Assembly ("the House") ...

On 19 February 2020, the TAT held that the ₦1.74 billion assessment issued by the FIRS to Prime Plastichem Nigeria Limited (PPNL)

The representatives of Vodacom drew Lagos TAT's attention to the decision in Gazprom to persuade the Tribunal to reach the same conclusion.

Undoubtedly, the ongoing COVID-19 Pandemic caught the world and its leaders unawares.

A Nigerian subsidiary of a South African entity entered into an agreement to provide marketing services in Nigeria to promoted the "Fund" of the South African entity.

Various reports estimate that developing countries lose trillions of US dollars in much needed revenue to tax evasion and aggressive avoidance schemes.

The National Investment Promotion Commission (NIPC) has released the gazette list of Pioneer industries and products.

On 5 June, the G7 Finance Ministers announced an agreement in which the participating countries committed to new taxing rights that allow countries to reallocate some portion of profits...

The Federal Inland Revenue Service (‘FIRS'), recently introduced new measures to improve the experience of taxpayers during tax audits.

The Senate, yesterday, passed a bill to enact the Arbitration and Mediation Act to provide for a unified legal framework for the settlement of commercial disputes.

The Lagos State Internal Revenue Service recently issued a Public Notice, advising taxpayers and the general public of modifications made to the process for conducting Tax Audit and Reconciliation Committee meetings.

On 16th August 2021, President Muhammadu Buhari signed the much awaited Petroleum Industry Bill (PIB or "the Bill") 2021 into law. This was confirmed in a statement issued by ...

Import duty reduction will be granted on certain goods as will be listed in a new Chapter 99 in the ECOWAS CET to be implemented by Nigeria.

The use of shares options for the payment of goods and services is becoming increasingly common.