201 results found

In March 2010, the Federal Government through the Debt Management Office announced the approval by the Federal Government of a tax waiver for all categories of bonds (including corporate bonds) and short term government securities such as treasury bills.

In a Public Notice recently issued pursuant to section 2(4) of the Capital Gains Tax Act[1], ("CGTA"), the Federal Inland Revenue Service ("FIRS") directed all persons, who dispose of chargeable assets to...

His Excellency, President Muhammadu Buhari, GCFR signed Finance Act, 2021 ("the Act") into law on 31 December 2021, following its passage by the National Assembly.

The National Assembly passed the Finance Bill 2022 ("the Finance Bill") on 28 December 2022. The Finance Bill introduces certain amendments to existing tax laws including the Companies...

President Muhammadu Buhari recently transmitted the Finance Bill, 2021 ("the Bill") to the National Assembly for passage into law.

Nigerian President signs executive order mandating Nigerian taxpayers to declare and pay tax on their offshore assets.

The Finance Act of 2020 (the Act) reviews and amends several tax legislations.

Death is universally acknowledged as the terminal point for every living thing. It is an inevitable circumstance that brings sorrow to everyone directly or indirectly affected by the bereavement.

With immense growth in technology and globalization, cross-border investments have taken prime positions in global economies.

We are pleased to share the 2019 version of our Nigeria Tax Data Card containing summaries of over 15 different taxes in a tabular, pocket-sized format.

Globally, jurisdictions such as Mauritius, Singapore, and the United Arab Emirates have built reputations as investor friendly hubs by maintaining transparent, predictable, and business-friendly tax systems.

The tax laws also require that when a merger and acquisition involves related companies, the approval of the Federal Inland Revenue Service (FIRS) must be obtained.

The Finance Bill 2020 has been signed into law. The new law introduces over 80 amendments to 14 different laws and takes effect from 1st January 2021.

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

The UK government recently announced significant tax reforms that are sending ripples through global wealth corridors, particularly among High-Net-Worth Individuals (HNWIs) across the world —including Nigeria.

Companies Income Tax is a major source of revenue for the Nigerian government.

The land registration process in Nigeria brushes on all factors involved in registering land transactions from the systems involved, benefits of registration, the procedure for registration, requirement for the registration, ...

Employees share based compensation (ESBC) has been described as one of the most novel innovations in the corporate business world and finance.