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For many Nigerians, moving abroad meant a clean break from Nigerian tax obligations.

The 2018 fiscal year witnessed an increased tax activism by the revenue authorities and the Ministry of Finance. These events clearly demonstrated the government's intention to widen the tax net and raise additional revenue.

The Finance Act of 2020 (the Act) reviews and amends several tax legislations.

the employer, as an agent of collection on behalf of the government, does not have any further obligation with respect to other income of the employee outside employment income

Death is universally acknowledged as the terminal point for every living thing. It is an inevitable circumstance that brings sorrow to everyone directly or indirectly affected by the bereavement.

Globalisation and Technological Advancements are encouraging more Nigerian Businesses to diversify their spheres of businesses, into other countries; especially West and South African countries.

The Deduction of Tax at Source (WHT) Regulations 2024 represents a significant overhaul of the Nigerian tax landscape, introducing several changes that have far-reaching implications for businesses and individuals.

The type of tax incentives granted is dependent on the sector, income type, business size, and business location.

Several 'brief-case' professionals, well accomplished sole proprietors and very important personalities all go around earning millions of Naira in income but paying no tax.

In Nigeria, as with several other tax jurisdictions, income tax is payable by every taxable person on income derived from employment, business, investments and other income generating activities.

The business landscape in Nigeria is shaped by intricate legal frameworks, which includes key legislations: the Companies and Allied Matters Act (CAMA), Companies Income Tax Act (CITA) and Petroleum Profit Tax Act (PPTA).

With immense growth in technology and globalization, cross-border investments have taken prime positions in global economies.

The Petroleum Industry Act, 2021 (PIA) provides a new fiscal and regulatory framework for Nigeria's petroleum industry. The PIA is a major milestone in a long history...

Generally, wealth succession planning entails (amongst others), the development of an action plan or strategy for the distribution of an individual or a family's accumulated wealth to designated beneficiaries.

The Finance Act 2019 introduces several changes to Nigerian tax laws. Some key changes introduced by the Finance Act are identified below:...

In the last few years, there have been significant developments in the Nigerian Transfer Pricing (TP) space.

Amidst the high cost of living in Nigeria, increasing cost of doing business, high and accelerating inflation, increasing borrowing cost and debt profile of the country...

The new directive which requires all non-resident companies to submit audited accounts and actual profit tax computations may create practical challenges.