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Managing wealth for High-Net-Worth Individuals (HNIs) can be complex. Having significant assets and income stream / sources can bring undeniable advantages, but it can also present complex tax challenges...

The Nigerian oil and gas sector has practically sustained the entire national economy since the discovery of crude oil in the country. Although some argue that the oil boom led to the stagnation...

Federal High Court (FHC), on 19 June 2018, issued a ruling overturning the decision of Tax Appeal Tribunal (TAT) in the case between Gazprom Oil & Gas Limited (Gazprom or the Company) and Federal Inland Revenue Service.

The annual Employer's Pay-As-You-Earn (PAYE) tax returns ("the Returns") for 2021 is due on 31 January 2022.

The Federal Inland Revenue Services (FIRS) has started writing to banks to appoint them as collection agents of taxpayers considered to be in default of tax payments.

The Lagos Internal Revenue Service (LIRS) recently introduced the Enterprise Tax Administration System (eTax) to enhance tax administration within the state.

Recently, the Lagos State Internal Revenue Service (LIRS) issued a Public Notice (PN) disclosing its intention to integrate the LIRS' PID for taxpayers with the national TIN system using taxpayers' BVN.

The Federal Inland Revenue Service has issued a Public Notice.

On 2 April 2019, the Senate, during its plenary, announced that President Muhammadu Buhari declined assent to the National Housing Fund (Establishment) Bill 2018 ("The NHF Bill").

The Federal Government of Nigeria ("FGN") has, via a Circular dated 7 February 2019 ("the Circular"), revised the excise rate on products classified under tariff heading (TH) 22.06.

On 10th June 2021, the Minister of Finance, issued the Tax Appeal Tribunal (Procedure) Rules, 2021 ("2021 TAT Rules") and revoked the Tax Appeal Tribunal (Procedure) Rules, 2010.

Annual Tax returns is an obligatory return that the State Internal Revenue Service expect from individuals and employers of individuals every year...

In an article titled, "Banks as Collecting Agents for FIRS – A Conundrum", I discussed issues arising from the Federal Inland Revenue Service (FIRS)'s recent tax substitution directives...

In the first quarter of 2019, Nigeria recorded an increase of about 216% in foreign capital and investments when compared to the previous quarter.1

The Federal Inland Revenue Service (FIRS) recently released the Income Tax (Common Reporting Standard) Regulations (the Regulations), which is effective from 1 July 2019.

The Financial Reporting Council of Nigeria (FRCN) has revoked Rule 4 of the FRCN Rules through a public notice (PN) dated 11 July 2019.

This article analyses the key provisions of the Nigeria Tax Act 2025 (the NTA or the new Act) relating to levies, tax incentives, and repeal/savings provisions.

The Lagos State Internal Revenue Service (LIRS) recently issued a public notice to all employers, company owners and their representatives, employees, ...