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The internet has made significant impact on all aspects of human lives. As the world becomes more and more comfortable with virtual interractions, a huge value chain of businesses that...

The Federal Ministry of Finance (FMoF) has issued the Deduction of Tax at Source (Withholding) Regulations 2024 (hereafter referred to as "the Regulations").

As part of its efforts to make the Nigerian business climate investment-friendly, the Federal Government of Nigeria has introduced various incentives and reliefs aimed at promoting both local and foreign investments.

The Federal High Court ("FHC" or "the Court") sitting in Abuja, on 27 June 2022, delivered a judgement on the applicability of tax amendments to transactions that arose prior to such amendments.

Stanbic Ibtc Holding Plc had purchased a banking software, which it customised and sold to its South African parent company. The Software was subsequently licensed to the bank for an annual licence fee.

"Unfair", "Unreliable", "Concerning" these were the echoes that followed the Executive Chairman of the Federal Inland Revenue Service (FIRS), Mohammad Nami's speech at the Chartered Institute...

The signing of the Finance Act, 2021 (Finance Act) into law by President Muhammadu Buhari on 31st December, 2021 brought further sweeping changes to the Nigerian tax regime with notable implications...

On 9th May 2022, the FIRS issued a public notice to the effect that it may (emphasis mine) only grant capital allowance to companies that are able to provide evidence...

The Finance Act which came into force on 13th January 2020, introduced the concept of "significant economic presence" ("SEP") as a new basis for the taxation of digital and online...

The fiscal changes introduced in 2021 demonstrate the FGN's commitment to improving Nigeria's tax and regulatory landscape, especially following the effects of the COVID-19 pandemic on the economy.

A fundamental principle of taxation is certainty. In corporate tax terms, this presupposes corporate entities should be clearly informed about why and how taxes are levied.

All over the world, tertiary healthcare institutions are considered as hospitals where state-of-the- art infrastructure exists for investigation and treatment of complex medical ailments...

According to the National Bureau of Statistics, Small and Medium-sized Enterprises (SME's) account for about 48% of Nigeria's Gross Domestic Product (GDP), making them a vital part of the economy.

Nigeria's Revenue Service has issued comprehensive guidelines establishing the first administrative framework for taxing virtual assets, clarifying how existing tax laws apply to cryptocurrencies...

For the better part of June and July 2026, the FIFA World Cup had the world enthralled with nerve-racking matches, record-breaking performances and celebrations that stretched far beyond the stadiums. But while fans counted goals, another spectator was keeping a different score – the taxman. The tournament ended weeks ago, but for the players, the story did not end on the pitch. In its wake, athletes were faced with taxation tied to the sporting activities they performed in host countries, and for those who played on American soil, this meant up to 37% of their earnings, in some cases, going to the taxman.

Apparently, the Executive Order No. 8 of 2018 was on Monday, October 8, 2018, signed by President Muhammadu Buhari in furtherance of the current administration's resolve to increase tax revenues ...

The world, as it is now, is recognized as a "global village" connected by international trade, telecommunications, internet, and migration of individuals across different jurisdictions.