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The Federal Inland Revenue Service has issued Information Circular No.: 2021/19 on Guidelines on Simplified Compliance Regime for VAT for Non-Resident Suppliers of goods, services or intangibles to persons in Nigeria ...

It is quite possible that in days ahead, some aggrieved persons may decide to test the above assertion in court.

The 2020 fiscal year started with great hope, as the government had capped oil price at $57 per barrel with an estimated total expenditure of ₦10.59…

Stamp duties are indirect taxes/charges for a stamp or seal applied on a written or electronic document which if executed, makes it a legal document and will be admissible in any court of law.

The Companies, both related entities, were assessed to stamp duties by the FIRS.

Advancement in technology has led to fundamental changes in the economy and has also provided businesses with new opportunities to access global markets and execute business activities online.

The National Assembly passed the Finance Bill 2022 ("the Finance Bill") on 28 December 2022. The Finance Bill introduces certain amendments to existing tax laws including the Companies...

The Transfer Pricing (TP) returns filing deadline has passed for most Nigerian Taxpayers. The Federal Inland Revenue Service (FIRS) therefore has financial information about taxpayer's Related Party Transactions...

The Chief Judge (CJ) of the Federal High Court (FHC), Honorable Justice J.T. Tsoho, recently approved the FHC Tax Appeal (Procedure) Rules, 2022 ("the Rules"), pursuant to his powers under Section 44(1) & (2) of the ...

A major highlight of 2023 was the general election which ushered in a new government. Importantly, while as a final act, the outgoing government passed the Finance Bill 2023...

Remote working arrangements have become the new-normal following the impact of the general lock down experienced across the world arising from Covid-19.

Nigeria's new tax framework, effective January 1, 2026, introduces comprehensive regulations for non-resident individuals earning income from Nigerian sources. Understanding the criteria for non-resident status, tax obligations, registration requirements, and filing procedures is essential for expatriates and foreign workers operating in Nigeria's evolving tax landscape.

Considering the nature of the global trade system which necessitates connections between the economies of various countries, governments implement exchange rate systems...

How The Recent Developments And Events Of The Coming Months In The Local And Global Environment Will Impact You And Your Tax.

Nigeria's Minister of Finance, Budget and National Planning has announced fiscal stimulus and other interventions in response to Covid-19 pandemic and the oil price fiscal shock.

Nigeria's tax landscape has undergone a fundamental transformation with the Nigeria Tax Act 2025, which eliminates decades-old tax exemptions on interest payments for foreign loans that previously made the country attractive for international financing.

The 2022 fiscal year was no exception as there were notable developments in the Nigerian TP environment during the year, which will impact 2023.

Nigerian President signs executive order mandating Nigerian taxpayers to declare and pay tax on their offshore assets.