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The Federal Inland Revenue Service (FIRS) recently issued a Public Notice informing the general public of its Circular No: 2019/03 on the Claim of Tax Treaties Benefits in Nigeria (the Circular).

The National Agency for Science and Engineering Infrastructure Act ("the Act") was enacted in 1992. Under the Act, The National Agency for Science and Engineering Infrastructure ("NASENI") was established.

On 2nd June, 2020, the Federal Inland Revenue Service ("FIRS" or "the Service") issued three Public Notices directing taxpayers on certain issues with respect to their tax compliance as well as the extension of the timeline of certain ...

In 2017, the Federal Inland Revenue Service (FIRS) announced the introduction of six (6) new electronic services.

The applicability of Value Added Tax (VAT) to rental income derived from property leases in Nigeria has been the subject of controversy. This stems from the uncertainty as to whether leases,...

This was an appeal against the judgement of the Federal High Court (FHC) which ruled that VAT was payable on satellite bandwidth as an imported service.

The then Acting President of Nigeria, Prof. Yemi Osinbajo signed the Voluntary Assets and Income Declaration Scheme, Executive Order No. 004 of 2017 on 29th June 2017 and gave a directive...

The Finance Act 2019 introduced an amendment to the Companies Income Tax Act to impose tax on a foreign entity with respect to certain services or digital transactions...

The Saipem group provides engineering, procurement, project management, construction and drilling services to the oil and gas industry.

The Nigeria Revenue Service has launched compliance monitoring for large taxpayers under the National E-Invoicing & Electronic Fiscal System, requiring companies with annual turnover of ₦5 Billion and above to complete full system integration by 31 July 2026. Non-compliant entities face immediate enforcement actions, statutory penalties, and potential operational disruptions under applicable tax laws.

The Nigerian Finance Act, 2021 grants the Federal Inland Revenue Service ("FIRS") new powers to appoint persons as Value Added Tax ("VAT") agents for the purpose of collecting...

In sixty days, all Reporting Financial Institutions will be required to file their first set of Information Returns in compliance with Income Tax Regulations

Over the course of the past few years, the Federal Inland Revenue Service (FIRS) has been tenacious in its drive to encourage more companies to be tax-compliant, in the aim of achieving its objective...

On Monday 13 January 2020, President Muhammadu Buhari signed the Finance Bill 2019 into law.

On 5 July 2019, the Tax Appeal Tribunal (TAT or Tribunal) held that where a company pays out dividends that exceeds its taxable profits in a given year of assessment, such dividends

Other than fund domicile, perhaps the most important consideration when setting up a venture capital fund in Nigeria is tax planning and tax leakage avoidance. For angel investors, venture capital funds, private equity...

Amongst Nigeria's tax reform acts are three major administration laws: the Nigeria Tax Administrative Act (NTAA), the Nigeria Revenue Service (Establishment) Act 2025 (NRSA or NRS Act), and the Joint Revenue Board (Establishment) Act (JRB Act).