915 results found

The strategic revenue growth initiatives of the Federal Government set out its intention to increase revenue from non-oil sources.

Business owners constantly seek avenues to eliminate unnecessary and avoidable costs with the aim of optimising profits.

The case between the Attorney General of River State v Federal Inland Revenue Service (FIRS) and Anor has become a highly controversial one.

Pursuant to the Oil and Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order, 2024 ("Fiscal Incentives Order"), the Minister of Finance (the "Minister"), on October 3, 2024, issued a Notice of Tax Incentives on Deep Offshore Oil and Gas Production...

Fund repatriation plays a vital role in shaping a country's investment climate and broader economic health. For many nations, especially those reliant on foreign direct investment...

The Finance Acts 2019 and 2020 refined a wide spectrum of the Nigerian tax laws to reflect current realities and resolve certain contentious issues. One of the laws that the Finance Act

The importance of ensuring a conducive environment for businesses cannot be over-emphasized, given their immense contribution to the growth of the national economy.

The Federal Inland Revenue Service (FIRS), on 9 January 2014 wrote to a select number of tax consultants.

The FHC also affirmed that the FIRS is the only body empowered and vested with the statutory duty to assess, collect and enforce company tax in Nigeria.

On 31 December 2021, His Excellency, President Muhammadu Buhari, GCFR, signed the Finance Bill, 2021 into law as Finance Act, 2021 ("the Act").

Nigeria's Federal Ministry of Finance has issued General Transition Guidelines to support the implementation of four landmark tax statutes signed into law in June 2025, establishing a unified modern tax framework.

The Claimant commenced the action at the Lagos State High Court to challenge the Demand Notice served on it by LIRS for alleged failure to deduct and remit taxes due from its employees.

On 18 February 2019, the National Assembly passed the National Housing Fund (NHF) Establishment Bill 2018 ("the NHF Bill").

The Tax Appeal Tribunal (TAT or "the Tribunal") sitting in Benin recently held, in the case between Bayelsa State Board of Internal Revenue ("BSBIR" or "the Board" or "the Appellant")...

The Federal Ministry of Interior has announced that it will impose penalties for late submission of Monthly Expatriate Quota utilization returns which is expected to take effect from 11 January 2024.

On 19 February 2020, the Tax Appeal Tribunal (TAT or Tribunal), in the case between Prime Plastichem Nigeria Limited (Prime Plastichem or the Company) v Federal Inland Revenue Service

In line with the directive of the Federal Inland Revenue Service (the "FIRS") to all banks, the banks have notified their customers in a notice issued on 2 May 2024...