President Goodluck Jonathan today appointed Mr. Samuel Ogungbesan as the acting Chairman of the Federal Inland Revenue Service.

Well, if your guess is as good as mine, then you will agree that the social contract is broken and needs fixing urgently.

Mr Babatunde Fowler, Chairman of the Federal Inland Revenue Services of Nigeria has been elected Chairman of Council of the African Tax Administration Forum (ATAF) for 2016-2018.

The governor of Lagos state, Nigeria has issued an Executive Order effectively reducing the charges payable for the transfer of land titles and processing Governor's Consent from about 15% to 3%.

The Lagos state government today announced the establishment of a Rapid Tax Prosecution Unit to aid the Lagos Internal Revenue Service (LIRS) in its drive to collect taxes.

The Lagos State Internal Revenue Service (LIRS) has launched a new eTax system, a digital, end-to-end, multi-channel solution for tax filing and payments

... then look no further. I am happy to share the updated version of our Nigeria Tax Data Card.

Watch my interviews on CNBC Africa on the recent recommendation by the International Monetary Fund for Nigeria to increase our current VAT rate.

The Organisation for Economic Cooperation and Development (OECD) on Thursday 25 April 2019, published the full version of its 2017 Model Tax Convention on Income and Capital, the tenth edition.

It is no longer news that the dwindling oil revenue has forced the government to increase the pressure on the Federal Inland Revenue Service to generate more revenue for the government.

The Tax Appeal Tribunal, delivered a ruling on the applicability of value added tax and withholding tax on reimbursable expenses in the case between Brasoil Oil Services Company Limited and FIRS.

This decision provides some clarity on the long standing debate on whether tax deductibility is dependent on cost recoverability for upstream oil companies in Nigeria.

On 20 June 2019, the Tax Appeal Tribunal (TAT), in the case between Nigeria Breweries Plc and Abia State Board of Internal Revenue Service (Respondent), ruled that gratuity is not liable to personal income tax.

"In business as in life, you don't get what you deserve, you get what you negotiate." - Karrass, Chester L.

As a result of the low profit margin in the construction industry, resulting in perpetual excess WHT credits, the former minister of finance granted a reduction in WHT rate from 5% to 2.5%.

A Bill to provide for the designation and establishment of Oil and Gas Free Zones and Special Investment Areas is being considered by the Nigerian legislature.

The federal government of Nigeria today announced the extension of the deadline for filing returns under the Voluntary Assets and Income Declaration Scheme by 3 months.

The Tax Appeal Tribunal ("TAT") on 11 December 2014 delivered a judgment on the treatment of revenue allocation by a non-resident company ("NRC") under the deemed profit regime.

FIRS has started to enforce filing of tax returns and payment of outstanding taxes by distraining properties and procuring the arrest of principal officers of defaulting companies.

The Brexit vote has not only shocked the EU and the rest of the world, it also left many citizens and residents of the United Kingdom themselves "fantastically stunned".