915 results found

In a bid to promote Nigerian content in the planning and execution of public Nigeria projects, the President of the Federal Republic of Nigeria, Mr. Mohammadu Buhari in February 2018 issued an Executive Order No. 05 (EO5).

Sentinal will allow integrated payment service providers to deduct taxes at transaction-points and remit same directly to Government's Treasury.

On the 27th of October, 2015, the Tax Appeal Tribunal, Lagos Zone delivered a judgment in favour of the Shell Petroleum Development Company of Nigeria Limited in the above stated case.

The Tax Appeal Tribunal, Lagos Zone (TAT or the Tribunal) on the 15th of April 2016 delivered a landmark judgment in favour of Star Deep Water Petroleum Limited (Star Deep).

On 24 June 2019, the Court of Appeal (COA or the Court) affirmed the decision of the Federal High Court, and held that Nigerian recipients of imported services such as supply of bandwidth capacities

During October 2021, over 135 jurisdiction, which represents more than 90 percent of the cumulative global GDP unanimously agreed to a major international tax reform to address the challenges...

The NTP requires tax authorities to create conducive tax environments that would enhance taxpayers' confidence at all levels of government.

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 ...

There are different stages in the life cycle of a business.

The then Acting President of Nigeria, Prof. Yemi Osinbajo signed the Voluntary Assets and Income Declaration Scheme, Executive Order No. 004 of 2017 on 29th June 2017 and gave a directive...

Over the course of the past few years, the Federal Inland Revenue Service (FIRS) has been tenacious in its drive to encourage more companies to be tax-compliant, in the aim of achieving its objective...

On Monday 13 January 2020, President Muhammadu Buhari signed the Finance Bill 2019 into law.

On 8 November 2019, the Tax Appeal Tribunal ("TAT" or "the Tribunal"), sitting in Lagos, upheld the applicability of excess dividend tax on franked investment income in the case between UAC of ...

Other than fund domicile, perhaps the most important consideration when setting up a venture capital fund in Nigeria is tax planning and tax leakage avoidance. For angel investors, venture capital funds, private equity...

Amongst Nigeria's tax reform acts are three major administration laws: the Nigeria Tax Administrative Act (NTAA), the Nigeria Revenue Service (Establishment) Act 2025 (NRSA or NRS Act), and the Joint Revenue Board (Establishment) Act (JRB Act).