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tax evasion is so pervasive, it is more difficult to find those who have paid the right amount of tax than evaders. It's like hiding in plain sight or at best behind a single finger.

The Federal Inland Revenue Service (FIRS) and some State Internal Revenue Service (SIRS), in recent times, have been issuing letters to Nigerian banks, appointing them as agents of collection...

The tax authorities are seeking to limit the amount that can be made by an employee as VC to one-third of the employee's salary based on the provisions of S.5(7) of the Labour Act.

Donations in support of causes, charities or designated funds for charitable purposes go a long way in building communities and supporting the less-privileged in our society.

The Nigeria Revenue Service (Establishment) Act, 2025 marks a significant shift in the country's tax administration framework. The Act formally rebrands the FIRS as the NRS, establishing it as the central authority for tax administration in Nigeria.

The Federal Inland Revenue Service (FIRS) has issued the Income Tax (Common Reporting Standard) Regulations, 2019 (CRS Regulations).

One thing that makes legal and statutory interpretations interesting is the room for flexible interpretation of the same provisions by different bodies using different rules of interpretation.

The Lagos State Internal Revenue Service (LIRS or "the Service") has released a notice regarding the deployment of an upgraded Consumption Tax Collection Process for the Hospitality sector in Lagos State.

On 10 July 2017, the Organisation for Economic Co-operation and Development (OECD) released the latest edition of its Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations.

The federal government has gazetted an amendment to the Withholding Tax Regulations 1997.

With the growing digitalization of businesses, it is becoming increasingly evident that the existing international rules that allocate taxing rights among countries are largely ineffective.

The Nigerian tax landscape has continued to witness significant changes, with the most recent being the presidential assent to the Finance Bill 2019 (now Finance Act) on 13 January 2020.

Following our initial newsletter on the Nigeria Tax Act, we note that some provisions in the harmonised version used to prepare the newsletter are different from the gazette which has now become publicly available.

The Federal Inland Revenue Service on December 1, 2020, issued a public notice titled "Public Notice on the Recovery of Outstanding Taxes from Taxpayers".

The Deduction of Tax at Source (Withholding) Regulation, 2024, was issued by the Federal Ministry of Finance, on July 1, 2024. It stipulates the rules for deducting taxes from payments...

The World Bank Group (World Bank) on Wednesday, 31 October 2018, published it's 2019 Doing Business Report (the Report).

The Federal Inland Revenue Service (FIRS), on 30 April 2019, notified the public that it has introduced new measures to simplify and ease tax audit experience for all taxpayers.