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On Tuesday 8 March 2022, the Tax Appeal Tribunal sitting in Lagos, ruled in Investment Holdings Limited and Federal Inland Revenue Service that the provision of Section 15(7) of the Fifth Schedule to the FIRS (Establishment) Act, 2007 ...

In the last few years, the international tax space has experienced an unprecedented drive to achieve increased transparency in the tax practices of Multinational Enterprises

Taxation of non-residents in Nigeria has been quite an interesting area of tax law considering the dynamism of commerce and increase in trans-border transactions by multinational enterprises.

On 2nd October 2024, the Deduction of Tax at Source (Withholding) Regulations 2024 (the Regulations), issued by Nigeria's Minister of Finance and Coordinating Minister of the Economy...

In the past, the concept of Remote Working Arrangement was subject to debate among management executives but the disruptions to the traditional work environment by the Covid-19 pandemic ultimately forced many organizations ...

The amendments to section 27 will come as good news to many taxpayers. It will however be bad news or a mixed bag for some others. For now, the main casualties are taxpayers whose businesses are...

On 26 June 2025, the Federal Government of Nigeria signed into law the Nigeria Tax Act, 2025; the Nigeria Tax Administration Act, 2025; the Joint Revenue Board of Nigeria (Establishment) Act, 2025...

In the last three (3) years, there has been a significant increase in the number of Transfer Pricing (TP) audits conducted by the Federal Inland Revenue Service (FIRS).

Nigeria has grappled with sustained inflationary pressures in recent years, exerting widespread effects across all sectors of the economy.

Until recently, stamp duties had been one of the underutilized sources of revenue for the Nigerian Government.

Generally, the basis for imposing and collecting personal income tax under the Personal Income Tax Act as amended (PITA) in Nigeria is classified into two viz the residence and source.

In 1993, the Federal Inland Revenue Service (FIRS) announced uniform basis and rate for taxation of income derived by Non-Resident Companies (NRCs)

Navigating the complexities of international trade law can be difficult for businesses, especially in the presence of constantly changing government regulations in countries.

The Nigerian Court of Appeal confirms that an Arbitral Tribunal has no Jurisdiction to determine contractual disputes, the resolution of which has tax implications for any of the parties.

The practice at the Tax Appeal Tribunal ("TAT" or "Tribunal") requiring an aggrieved taxpayer to pay 50% of a disputed tax amount...

Since the inauguration of the Inter-Ministerial Committee for the Audit and Recovery of Back-Years Stamp Duties on 30 June 2020 (link to previous alert)...

Prior to the issuance of the Executive Orders on cost efficiency and project execution timeline, on the average, there was an additional 40% cost premium on petroleum exploration in Nigeria compared to peer countries.