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The federal tax authority in Nigeria, the Federal Inland Revenue Service (FIRS), will be introducing Tax Account Codes (TACs) from 1 January 2025 to enhance the filing and review of tax returns submitted by taxpayers.

On 28 May 2023, the former President, Muhammadu Buhari, GCFR, signed the Finance Bill, 2023 into law as Finance Act, 2023 ("the Act").

Global minimum tax also known as Global Anti-Base Erosion Model, provides for a coordinated and comprehensive system of minimum taxation, aimed at ensuring that large multinational enterprise groups pay a minimum level of tax ...

In its decision in an appeal filed by AGIMNL against the FIRS' assessments of VAT liability, the TAT held that AGIMNL was liable to pay the assessed VAT liability.

Nigeria currently operates a self-assessment system. Prior to 1991, tax administration in Nigeria was based exclusively on assessments made by revenue authorities.

It is not uncommon for countries to reach bilateral or multilateral agreements to protect their citizens from multiple taxation on the same income, ease international relations and encourage global mobility.

Just recently, the Federal Inland Revenue Service (the "FIRS") suspended its very controversial mandate to banks.

The Nigerian government introduced the Nigerian Tax Bill 2024 as a part of the ongoing tax reform in the country, with the aim of unifying the fiscal legislation governing taxation in the country for simplicity and transparency, ...

The PIB seeks to provide legal, governance, regulatory and fiscal framework for the Nigerian Petroleum Industry and development of Host Communities.

On 9th October 2025, the Corporate and Commercial Group ("CCG") team of Advocaat Law Practice hosted a critical webinar titled ‘Nigeria's Landmark Tax Reforms 2025: Legal, Business, and Investment Implications.'

On December 31, 2020, President Muhammadu Buhari assented to the Finance Act 2020 ("the Act"). The Act introduces sweeping changes to virtually all the major legislations governing taxation in Nigeria.

On July 1, 2021, the Federal Inland Revenue Service ("FIRS") issued a public notice, granting one (1) month extension from the 30th of June, 2021, for companies to comply with their...

Nigeria is facing major revenue challenges. The 2023 total budget deficit is N10.78 trillion.

The issuance of a final and conclusive tax assessment sometimes signify a sense of closure for both a taxpayer and a tax authority with respect to a particular tax dispute.

Value Added Tax (VAT) is a consumption tax levied on goods and services in Nigeria.

Since the introduction of Transfer Pricing (TP) Regulations in Nigeria, there have been some significant events which have shaped the TP landscape...

The Federal High Court (FHC or "the Court") Lagos Judicial Division has ruled, in the case between, BJ Pumping Services SA Panama (BJ Pumping or "the Company" or "the Appellant")...