841 results found

On 3rd June 2021, the Federal Inland Revenue Service (FIRS) issued an information circular on Clarifications on the Provisions of the Capital Gains Tax (CGT) Act

On 18 June 2026, the Federal Government,[1] through the Honourable Minister of Finance and Coordinating Minister of the Economy, issued[2] the General Transition Guidelines (“the Guidelines”) for the implementation...

The second condition in Section 31(2) of the FIRS Act embodies the knotty issues of tax substitution.

Wealth management is essential for securing financial stability and facilitating the orderly transfer of assets across generations.

In its formal usage, the term ‘partnership' refers to a form of business association that binds two or more persons in a working relationship which they can jointly direct for profit.

On June 26, 2025, President Bola Ahmed Tinubu signed into law four landmark tax reform bills that fundamentally reshape Nigeria's revenue administration landscape.

In 2021, the Nigeria Transfer Pricing (TP) space was impacted by a number of domestic and international developments, which are expected to shape and influence the TP landscape in 2022.

The Nigeria Tax Act 2025 (NTA 2025), which came into effect on 1 January 2026, introduces a new framework for the taxation of capital gains in Nigeria.

The Tax Appeal Tribunal, Lagos Zone ("TAT" or the "Tribunal"), in Earth Moving International Ltd. v FIRS (unreported judgement delivered on September 17, 2019 in Appeal

Pursuant to changes introduced to the tax regime under the Finance Act 2020 ("Finance Act"), the Federal Inland Revenue Service ("FIRS") recently issued two Information Circulars...

The phrase "the new three" has become increasingly common in global clean energy discourse, particularly in relation to how China, the world's largest electric vehicle ("EV") player...

Business cessation, whether temporary or permanent, represents a critical point in a company's life cycle, often carrying significant legal and tax consequences

The Nigeria Tax Act, 2025 (“NTA”) introduces a recalibrated incentive framework aimed at attracting investment and driving growth across Nigeria’s petroleum sector.

In the twilight of his administration on May 28, 2023, Nigeria's immediate past President, Muhammadu Buhari, signed the Finance Act 2023 (the "Act") into law.

As multinationals seek new frontiers for growth, the tax regime of destination countries, amongst other factors, influence investment decisions.

The Company Income Tax Act (CITA) is the principal law that regulates the taxation of companies in Nigeria.

Nigeria's Oil & Gas Tax Revolution examines the transformative fiscal changes introduced by the Nigeria Tax Act, 2025, and their impact on the existing Petroleum Industry Act framework. The analysis explores how these new tax provisions reshape the regulatory landscape for oil and gas operations in Nigeria, affecting both domestic and international stakeholders in the energy sector.