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The OECD will release the final package of BEPS recommendations on October 5.

This article was developed from the conversations at the Beyond Borders Tax Webinar

On 20th April, 2021, the Central Bank of Nigeria (CBN or the "Apex Bank") released a Notice directing all Deposit Money Banks (DMBs) and authorized forex dealers to stop the rejection...

FCT High Court on Monday, 14 January 2019 ruled that LGCs in the FCT lack authority to impose taxes and levies that are outside the purview of the Constitution of the Federal Republic Of Nigeria, 1999 as amended and TALC.

We understand that the Court of Appeal has reversed the long standing decision of the Federal High Court (FHC) regarding the treatment of sub-contracting expenses in the determination of deemed profit of a non resident company.

FATCA is a new law introduced by the United States to ensure the disclosure of assets and income of US persons held with foreign financial institutions.

Federal Inland Revenue Service (FIRS) has released, via a public notice, a standard notification form to be used by multinational entities (MNEs) in providing Country-by-Country (CbC) notifications.

Following the recent declaration of tax amnesty by the Federal Inland Revenue Service, a number of questions arose concerning the amnesty including eligibility, scope and the process involved.

The Federal Inland Revenue Service, today, 30 November 2021 announced an additional and final one-month extension of its waiver of penalties and interest for companies with outstanding 2021 year of assessment companies income tax returns.

In the evolving global tax landscape, related-party transactions and transfer pricing (TP) have become pivotal issues for tax authorities worldwide. Recognizing the complexities and potential disputes

The law establishing the FIRS, the Federal Inland Revenue Service (Establishment) Act, prescribes interest rate for late or non payment of tax at CBN Monetary Policy Rate (MPR) plus a spread (additional rate) to be announced by the Finance Minister.

The Federal Inland Revenue Service (FIRS) has again issued a public notice to remind companies of their obligations to file tax returns and to do so on time (within 6 months of financial year end date).

The FIRS has indicated that all concessions for waivers of penalty and interest on outstanding tax liabilities will come to an end by 31 December 2020

The Federal Inland Revenue Service (FIRS) and the FCT Internal Revenue Service (FCT-IRS) have issued a joint public notice informing taxpayers and the general public...

The Lagos State Internal Revenue Service (LIRS) has released a public notice to provide clarification on the conditions and compliance requirements for individuals to qualify for tax deduction...

Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing the 2019 employers' annual tax returns to 8 February 2019. The due date for filing the returns is 31 January 2019.

The Lagos State Internal Revenue Service (LIRS) has announced the extension of the deadline for filing personal income tax returns by 2 months from 31st of March to 31st of May 2020.