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In terms of its contribution to the Nigerian economy, the ICT sector has proven to be a great enabler.

Without doubt, the promulgation of the Nigerian Tax Reform Acts portends significant impact for non-resident persons (i.e., individuals and business which do not have their tax residency in Nigeria).

The Finance Act, 2019 amended some provisions of the Companies Income Tax Act, Petroleum Profit Tax Act, Personal Income Tax Act, Value Added Tax Act, Customs and Excise Tariff etc...

On 19 July 2019, the Organisation for Economic Cooperation and Development (OECD) released its report on harmful tax practices across various jurisdictions. The report indicates that Mauritius

Tuesday last week, our Communications Manager wrote: "I want to draw your attention to the news item below on IMF's suggestion to African countries to boost tax collections.

In this article, we have reviewed the incomes generated by REITs operating in Nigeria to ascertain their exemption from taxation as provided by law.

The Insurance industry is a very important part of any economy as it generally acts as a shock absorber for businesses. Insurance is a key risk management tool which enables businesses hedge against the potential risk of a loss.

The Federal Inland Revenue Service (FIRS) launched the electronic Transfer Pricing (TP) filing portal (e-TP platform or the platform) in March 2020 to promote the ease of filing...

The President of Kenya assented to the Tax Laws (Amendment) Bill 2024 on 11th December 2024. In accordance with Article 116 of the Constitution of Kenya, the Tax Laws (Amendment) Act was gazetted on 13th December 2024...

The Federal Inland Revenue Service (FIRS or "the Service") has issued a Public Notice informing taxpayers of the termination of the reduced 7.5% withholding tax (WHT) rate...

This article highlights the individual taxpayer's obligations for filing tax return with the relevant tax authorities and other compliance requirements.

It is a fact that different tax laws apply to income earned by different categories of taxpayers in Nigeria.

The enactment of the Pension Reform Act 2004 changed the landscape for retirement benefit planning in Nigeria.

The Nigerian Finance Bill (the "Bill") which is to take effect in January 2023 is currently undergoing the legislative review and approval process at the house of representatives.

The Lagos State Internal Revenue Service (LIRS) recently issued a Notice (the "Notice") to employers in the State to file their annual tax returns for the 2024 financial year on or before 31st January 2025.

Following the introduction of Nigeria's Country-by-Country (CbC) Reporting Regulations on 19 June 2018, the Federal Inland Revenue Service (FIRS) today released the detailed Guidelines...

High net-worth individuals (HNIs) and business owners set up structures that they hope will ensure their assets and investments are held efficiently to guarantee optimal returns...

In this article, we have highlighted factors to consider in preparation for a transfer pricing audit.