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The question of whether Value Added Tax (VAT) should be remitted on cash or accrual basis has puzzled some taxpayers over the years. This uncertainty persisted, even with the amendments made to the VAT Act (VATA) via various legislations.

The enactment of the Finance Act 2020 on 13 January 2020 introduced various changes to principal tax legislations in Nigeria, among which are the commencement ...

Starting a business in Nigeria can be an exciting journey. Nigeria is Africa's largest economy and boasts a thriving startup ecosystem that continues to attract entrepreneurs and investors alike...

Intra-group financing arrangement, particularly interest-bearing loan arrangements, have long been one of the foremost tax planning strategies adopted by multinational enterprises to shift profits from one jurisdiction to another. As a result, tax authorities globally tend to scrutinize these arrangements under transfer pricing rules to ensure that the terms of these transactions are at arm’s length.

Advance Pricing Agreements (APAs) are currently being discussed by most transfer pricing practitioners in Nigeria.

In June 2025, President Bola Ahmed Tinubu signed into law four landmark Tax Reform Bills: the Nigeria Tax Act (NTA), the Nigeria Tax Administration Act (NTAA), the Nigeria Revenue Service Act (NRSA), and the Joint Revenue Board Act (JRBA) .

Excise duty of N10 per litre will now be charged on all non-alcoholic, carbonated and sweetened beverages in line with the insertion of Section 21(3) in the CETA.

In a strategic effort to restructure Nigeria's fiscal framework and enhance revenue collection, the Nigerian government undertook a comprehensive overhaul of the nation's fiscal system.

In tandem with "revival" efforts to enact the Petroleum Industry Bill (PIB), the PIB Task Force's deliverable will foreshadow an Executive Bill to be (re)submitted...

The Federal High Court ("FHC" or "the Court"), recently delivered judgment in a case instituted in the Port Harcourt Division of the Court by the Attorney General of Rivers State against the...

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.

theThe Nigerian Postal Service (NIPOST) and the Federal Inland Revenue Service (FIRS) have been locked in a controversy regarding which of the agencies is charged with the responsibility to collect...

The decision of the FHC reaffirms that amendments to tax laws cannot be applied retroactively, except where the law expressly states so.

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

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

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