1,626 results found

The recently proposed Tax Reform Bill represents a significant turning moment for Nigeria, with implications that extend beyond revenue distribution to the foundational principles of federalism.

The obvious implication of such share deals is that the investor steps into the shoes of the seller and takes on the ownership of the target company.

Please watch this webinar from SimmonsCooper Partners.

The federal government recently enacted a new law, the Federal Capital Territory Internal Revenue Service Act, 2015.

The Acting President, Prof. Yemi Osinbajo on 29 June 2017 signed an Executive Order backing the implementation of the Voluntary Asset and Income Declaration Scheme (VAIDS).

The Federal Inland Revenue Service recently released the Income Tax (Country by Country Reporting) Regulations, 2018, which marks yet another significant step by Federal Government of Nigeria ...

In June 2018, the Federal Executive Council (FEC or the Council) announced its approval of two Executive Orders and five Amendment Bills touching on key provisions in the Nigerian tax

The last six years have witnessed significant efforts by Nigeria to align its domestic tax laws and regulations with international initiatives on modernization of its tax principles and enhancement...

Sometime in 2013, the Nigerian Postal Agency entered into an agreement with an agent to collect from banks, the sum of N50 as stamp duty on all receipts...

In Theodak Nigeria Limited v FIRS, FIRS assessed the company, engaged in the letting of office premises, to tax based on a percentage of the value ...

The Nigerian government has introduced a comprehensive tax incentive framework through the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, establishing three distinct production tax credit mechanisms designed to stimulate investment in deep offshore petroleum developments.

Effective 1st April, Non-resident Taxpayers will be required to charge VAT. Taxpayers can easily pay through our online portal.

The Nigerian tax authorities have been making efforts aimed at increasing the level of tax collections and improving government revenue generation from taxation.

FIRS recently circularised some banks to recover unpaid taxes from taxpayers that maintain bank accounts with such banks.

On Monday 6 February 2023, the Federal Inland Revenue Service and Lagos Internal Revenue Service signed a Memorandum of Understanding to establish a Joint FIRS and LIRS Audit and Investigation Team.

Federal Inland Revenue Service (FIRS) on Wednesday, 14 August 2019, issued a public notice informing taxpayers that commission and rebates earned by distributors and customers are subject

The Federal Inland Revenue Service (FIRS) has started issuing demand letters for payment of administrative penalties to taxpayers who did not file Country-by-Country Reporting