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The immediate past president, Muhammadu Buhari signed Finance Act, 2023 (the Act) into law on 28 May 2023, which took effect from 1 May 2023.

The Federal Inland Revenue Service ("FIRS" or "the Service") recently issued a Public Notice reminding the general public of the obligations to remit Stamp Duties to the Service under the Stamp Duties Act (SDA) as amended by the ...

The Federal Inland Revenue Service (FIRS) has introduced a 10% Withholding Tax (WHT) on interest earned from short - term investments such as treasury bills...

The Federal Inland Revenue Service (FIRS) directed banks, stockbrokers and other financial institutions to deduct 10% withholding tax on interest earned on investment from short-term securities.

The Federal Inland Revenue Service (FIRS) has issued Guidelines on accessing Mutual Agreement Procedure in Nigeria.

On 14 August 2019, the Federal Inland Revenue Service (FIRS) issued a Public Notice (PN) on deduction of tax at source from compensations paid to agents by principal companies.

On 28 February 2024, the President issued the Executive Order No 40 (Oil and Gas Companies (Tax Incentives, Exemptions, Remission etc.) to unlock investment in the gas sector.

The major objective of the waiver is to promote voluntary compliance and consequently generate revenue for government which otherwise, could have been lost.

There are different stages in the life cycle of a business.

As a follow on from our last week's edition of Inside Tax, here are other areas of concern with the operation and administration of WHT in Nigeria.

The use of outsourcing companies for the provision of manpower needs of organisations has experienced steady rise in Nigeria.

The Lagos State Internal Revenue Service (LIRS) has issued eleven (11) public notices in various national newspapers since August 2017.

Taxing the estate of the deceased does not only augment government's budget, but also help in re-distributing wealth within the economy.

The Nigeria Revenue Service has issued a compliance reminder to large taxpayers regarding mandatory e-invoicing requirements under the National E-Invoicing and Electronic Fiscal System regime. Large taxpayers must complete onboarding and begin compliant invoice transmission by 31 July 2026 or face potential regulatory enforcement measures. The notice follows the phased implementation timeline published in February 2026 for different taxpayer categories.

The Nigeria Tax Act 2025 has clarified and expanded the legal definition of permanent establishment and the rules regarding the attribution of income and profits to a permanent establishment.

On 8th October, 2019, President Muhammadu Buhari (the President) presented the 2020 budget proposal at a joint session of the National Assembly.

One of the key objectives of the Income Tax (Transfer Pricing) Regulations, 2018 (NTPR) as captured in regulation 2(e) is to provide taxable persons with certainty of transfer pricing treatment