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Where the income relating to the WHT credit notes has not been reported, the FIRS will issue additional assessment before validation of the credit note.

The Nigeria Revenue Service (NRS) has issued a Public Notice announcing the phased implementation of its E-Invoicing and Electronic Fiscal System (EFS) regime.

The natural resources and the economic opportunities in Nigeria continue to attract foreign direct investments (FDI) by investors across the world.

Intangibles are an integral part of the value creation process of businesses and a fundamental part of their continuing success.

Just recently, the Executive Chairman of Federal Inland Revenue Service ("FIRS") announced that its revenue generation target for 2019 is N8 Trillion

In an era dominated by rapid technological advancement, the digital economy has emerged as a powerhouse of global growth, reshaping commerce, communication, and finance.

The digital economy is fast becoming the most innovative and widest reaching economy in the world.

One of the interesting parts of the Budget speech is the proposed reduction in tax rates for small businesses.

On 19 February 2020, the Tax Appeal Tribunal ("TAT" or "the Tribunal"), Lagos, Nigeria ruled on its first Transfer Pricing (TP) case. The parties involved in the case were...

As implementation of Nigeria's Tax Reform Acts 2025 (namely The Nigeria Tax Administration Act 2025, The Nigeria Revenue Service Act 2025 and the Joint Revenue Board of Nigeria Act 2025...

In the last few years, the international tax space has experienced an unprecedented drive to achieve increased transparency in the tax practices of Multinational Enterprises

"At The Palms now. They have started paying to park. Everybody inside here is walking ‘fast fast'." - Chima Emerueh.

On 26 June 2025, four new tax acts were signed into law, with two taking effect from 1 January 2026. One of the silent but most consequential changes buried in those pages is a clear but broadened legal definition of who a non-resident individual is, for tax purposes in Nigeria.

The TAT also gave a ruling on when a tax assessment becomes final and conclusive.

Employee compensation can be said to be the benefit or payment made to an employee by the employer, for service rendered by the employee based on the terms of the contract of employment of the employee.

Given Nigeria's vast human and natural resources (which position her as a frontier market and potential investment haven) and against the background of the recent rebasing of her GDP (which resulted in her emergence as Africa's largest economy), ...

It is now a well-established norm that tax laws are periodically reviewed in Nigeria in compliance with the National Tax Policy adopted by the Federal Executive Council in 2018.