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In Chief J.W. Ellah & Sons Company Ltd v FIRS and Essay Holdings Ltd v. FIRS decided by the Tax Appeal Tribunal (TAT) in Benin and Lagos Zones respectively...

Payment of tax is a mandatory financial obligation, levied by law on individuals as well as corporate persons.

Recently, the Federal Inland Revenue Service (FIRS or the Service) released a Public Notice announcing the commencement of a nationwide Value Added Tax.

The introduction of withholding tax (WHT) provisions in the Nigerian tax laws in 1977, imposed on taxpayers the obligation to deduct tax at source on payments for qualifying transactions.

In this article, we have discussed what constitutes a sale in the ordinary course of business, the impact of deducting WHT from such transactions and the recent Tax Appeal Tribunal judgement on sale in the ordinary course of business.

Transfer Pricing (TP) as a discipline in taxation seeks to analyze whether Related Party Transactions (RPT) are conducted in a fair manner to ensure that entities involved in the transactions...

The 2020 Financial Year (FY) was an unprecedented year for most taxpayers in Nigeria due to the economic impact of the COVID-19 pandemic. Companies were faced with various unexpected disruptions to business...

The Nigerian economy has been growing steadily at over 5% per annum for some years now.

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 Honourable Chief Judge (CJ) of the Federal High Court (FHC), Honourable Justice J.T. Tsoho, pursuant to his powers under Section 44(1) & (2) of the FHC Act and Paragraph 17(5)...

The Federal Inland Revenue Service (FIRS) has released guidelines to provide clarity regarding the nature and extent of inquiries related to desk examinations, tax audits, tax investigation...

The recent revenue drive arising from fall in oil prices and the need to diversify Nigeria's revenue away from oil to non-oil sources, such as taxation, has led to increase in the frequency of tax audits and investigations ...

Health Organization (WHO) declared the COVID-19 outbreak a Pandemic on 11 March 2020 upon a determination that the outbreak had increased by 13-fold and the number of countries affected had tripled.1

The FHC overturned the decision of the Tax Appeal Tribunal that expenses incurred for flaring gas are tax deductible.

The doctrine of legitimate expectation is a common law principle, which requires that public authorities respect a consistent practice or representation made by them to members of the public.

T he COVID-19 Pandemic and its disruptive effect on Nigeria's economy has put a strain on revenue generation at all levels of government. Despite the current economic...