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A review of the major tax events of 2014 and the outlook for 2015.

There is no prescription in the labour law regarding removal expenses and relocation allowances payable to or on behalf of an employee that changes the location of residence for work purposes

Employers are required to deduct PAYE on the benefits at the date of exercise.

In a recent decision, the Tax Appeal Tribunal (TAT) says the tax authority must act reasonably in the exercise of its discretion to assess a taxpayer based on deemed income (or best of judgment assessment).

The shift to non-oil revenue must be a properly managed paradigm shift and not the exchange of one extreme dependence for another

Nigeria has formally released the Income Tax (Country-by-Country Reporting) Regulations, 2018

The Organisation for Economic Cooperation and Development (OECD), on 18 December 2017, released the 2017 edition of its Model Tax Convention on Income and Capital (MTC 2017).

The Federal Inland Revenue Service (FIRS) recently released the Income Tax (Transfer Pricing) Regulation 2018 (‘the Regulation').

The recently passed Finance Act, 2021 has widened the scope of taxes paid by companies.

This is an update to our tax alert of 16 August 2016, in which we notified taxpayers and other stakeholders of the inauguration of the National Tax Policy...

On Friday, 12 November 2021, the Tax Appeal Tribunal Lagos Zone decided in Seplat Petroleum Development Company Plc vs the Federal Inland Revenue Service, that the Appellant's claim of five (5) years tax holiday ...

The Tax Appeal Tribunal ("TAT" or "the Tribunal") sitting in Enugu State on 20 June 2019 delivered a judgment in favour of Nigerian Breweries Plc ("Nigerian Breweries" or "Appellant")

Previously, section 3 of the Personal Income Tax Act of 1993 (PITA 1993) – i.e. the charging section – imposed tax on gratuities, and the 3rd Schedule to the Act exempted gratuities

In many cases, a new company commencing business in Nigeria can get a tax holiday for about 5 years (known as pioneer status).

I have received a number of requests for a copy of the judgment on the above subject.

In 2016, Nigeria was plunged into an economic recession, which lasted from the third quarter of 2016 to the third quarter of 2017, hurting many businesses.

Section 41 of the Personal Income Tax (PIT) Act mandates all persons who are taxable under the PIT Act to file a return of income and claims for every tax year with the tax authority of the state ...