915 results found

On 31 December 2021, the Finance Act 2021 (FA21) was signed into law by President Muhammadu Buhari alongside the 2022 Appropriation Act themed "the Budget of Economic Growth & Sustainability"

The propriety of an administrative notice issued by the Federal Inland Revenue Service ("FIRS"), directing a bank to freeze an account of a customer allegedly in default of a tax obligation...

The Lagos State Internal Revenue Service (LIRS) has issued a Public Notice providing guidelines to taxpayers resident in Lagos State ..

The Nigerian Transfer Pricing Regime has witnessed significant developments in the last few years, which have resulted in TP finally becoming one of the high-risk tax areas facing Group Companies in Nigeria.

Effective January 1, 2025, the Federal Inland Revenue Service (FIRS) released its first-ever Guidelines on Advance Pricing Agreements ("APA Guidelines"), introducing a new compliance tool for eligible companies.

Nigeria's General Transition Guidelines for the Tax Acts 2025 establish a comprehensive framework for managing the shift from repealed tax laws to the new system. These guidelines address critical questions about existing obligations, ongoing disputes, tax incentives, and pending transactions while ensuring that reforms will not be applied retroactively to past matters.

By virtue of section 16 of the Value Added Tax Act (as amended) (the "VAT Act"), a taxable person, while filing monthly Value Added Tax ("VAT") returns with the Federal Inland Revenue Service...

The CRS Regulations became effective on 1 July 2019 and requires Reportable Financial Institutions (RFIs)...

Globally, tax laws assume that you need a certain level of physical presence (an office, a factory, a workshop etc.) in a foreign country before you can be assumed to have earned taxable revenue from that country.

The August 2026 issue of TEMPLARS Tax Transcripts examines developments in treaty policy, fiscal administration, and stamp duty adjudication as Nigeria continues to align administrative practice with its new tax statutes. Key updates include the signing of a Double Taxation Agreement between Nigeria and Hong Kong, the commencement of the Green Tax surcharge on imported high-engine vehicles, and the Accountant-General's directive to discontinue the 1% stamp duty deduction on payments to contractors, vendors

The case of South Africa Revenue Service vs ABD Limited (ABD) provides insight on critical aspects of transfer pricing, that resonate beyond South Africa's borders, particularly for Nigeria.

The Nigerian Federal High Court Declares the Tax Appeal Tribunal Unconstitutional...

On 26th June 2025, the President of the Federal Republic of Nigeria signed four landmark tax reform bills into law, marking a significant shift in the nation's tax landscape.

The Immigration Act cap I1, Laws of the Federation of Nigeria (LFN) 2007 provides the framework for the employment of expatriates in Nigeria and sets the basis of their entry into, stay in and exit from Nigeria.

The introduction of the electronic money transfer levy ("EMT levy" or "the levy") through the Finance Act, 2020 (the Act) has replaced the previous stamp duty on electronic receipts or electronic transfers.

The National Tax Policy (NTP) acknowledges this challenge when it states, "elimination of multiple taxation must be of major concern to government at all levels.

Unprecedented – the word that seemed to adequately capture the general sentiments around the COVID-19 pandemic and its effect on the global economy.