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Effective collaboration amongst government agencies, automation of processes and capacity building by tax authorities have always been identified by stakeholders as strategies for achieving an efficient tax system.

As Nigeria continues to navigate the complexities of international taxation, Small and Medium Enterprises (SMEs) are finding themselves at the crossroads.

Following the enactment of Nigeria's comprehensive tax reform legislation in June 2025, the Nigeria Revenue Service (NRS) has, on 3 February 2026, provided clarification on the effective dates and application...

Benjamin Franklin was apt when he said "In this world nothing can be said to be certain, except death and taxes ".

What is Companies Income Tax (CIT)? CIT is tax on the profits of incorporated entities in Nigeria.

Funding of Startups globally hit an all-time high in 2021 with a total investments of approximately $454 billion recorded in just the 1st to 3rd quarter; as compared to investments recorded by Startups in 2020.

The newly enacted Petroleum Industry Act, 2021 (PIA) provides for the overhaul of the institutional, regulatory and fiscal framework for Nigeria's petroleum industry.

In less than seventy days, all Reporting Financial Institutions will be required to file their first set of Information Returns in compliance with Income Tax Regulations.

Over the past three years, Nigeria has witnessed the enactment of annual Finance Acts, along with the National budget. To date, the Finance Acts (2019, 2020 and 2021) have introduced landmark amendments...

In line with the tradition of the current administration, the Finance Bill 2021 (the "Bill") was recently presented before the legislature for passage into law. Similar to its predecessors...

In February 2018, Nigeria's President signed the Presidential Executive Order for Planning and Execution of Projects, Promotion of Nigerian Content in Contracts and Science, Engineering...

Paragraph 26 of the Third Schedule to the Personal I e Tax Act (PITA), 2011 as amended exempts "any compensation for loss of employment" from tax under the PITA.

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.

The Federal Inland Revenue Service (FIRS) recently issued a Public Notice informing the general public of its Circular No: 2019/03 on the Claim of Tax Treaties Benefits in Nigeria (the Circular).

The National Agency for Science and Engineering Infrastructure Act ("the Act") was enacted in 1992. Under the Act, The National Agency for Science and Engineering Infrastructure ("NASENI") was established.

On 2nd June, 2020, the Federal Inland Revenue Service ("FIRS" or "the Service") issued three Public Notices directing taxpayers on certain issues with respect to their tax compliance as well as the extension of the timeline of certain ...

The applicability of Value Added Tax (VAT) to rental income derived from property leases in Nigeria has been the subject of controversy. This stems from the uncertainty as to whether leases,...