The ministry of finance has issued a federal treasury circular dated 15 January 2016 following the newly enacted Federal Capital Territory Internal Revenue Service (FCT IRS or the Service) Act 2015.

Federal Inland Revenue Service (FIRS), in a bid to ensure tax certainty and promote voluntary tax compliance of non-resident persons, has established a Non-Resident Persons' Tax Office (NRPTO).

The Federal Inland Revenue Service (FIRS) has continued to seal business premises of defaulting tax payers in continuation of its compliance enforcement drive.

It's a new month and again a new cycle of tax compliance with various tax payment deadlines.

On Wednesday 27 January 2016, 31 countries (including Nigeria) signed the Multilateral Competent Authority Agreement (MCAA) for the automatic exchange of Country-by-Country reports.

It should be noted that there is no income tax in the UAE compared to Nigeria so it will be interesting to see how the double taxation avoidance treaty will be equally beneficial to both countries.

Nigeria and Singapore have signed a treaty for the avoidance of double taxation on income and capital gains tax between the two countries.

Yesterday (17 August 2017), Nigeria became a signatory to two major international multilateral instruments to address tax avoidance and evasion. These are the OECD's Multilateral Convention...

Navigating the muddy landscape of the tax legal framework in Nigeria can be a daunting exercise.

The obligation to account for taxes due on withdrawal of voluntary pension contributions (VPC) was made clearer in the judgement delivered yesterday by the Tax Appeal Tribunal (TAT)

Eleven (11) years ago, the Federal Government opted for full deregulation in the downstream sector.

The Companies Income Tax Act (Amendment) Bill 2015 which seeks to increase the incentives available to companies that invest in public infrastructure in the course of their business has been passed...

Nigeria's startup economic sub-sector stands in the top three most advanced in the African continent according to StartupBlink's Global Startup Ecosystem Index 2021.

The Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026 (the "Order") establishes a production-linked tax remission framework for qualifying deep offshore oil and gas developments in Nigeria.

On Thursday, November 21, 2019, the Finance Bill 2019 (the "Bill") was passed by the Senate after scaling through third reading on the floor of the Senate.

President of the Federal Republic of Nigeria, Muhammadu Buhari, has signed the Nigerian Tax and Fiscal Law (Amendment) Bill 2019

The swearing in ceremony took place on 5 November 2018 in Abuja.

Nollywood has become one of the world's largest film industries by output volume, yet the legal framework supporting its actors, producers, and distributors remains poorly understood by many emerging entertainers. This analysis examines critical questions of ownership, financial management, taxation, and commercial obligations that arise when Nigerian films move from script to screen, using Omotola Jalade-Ekeinde's 2026 directorial debut as a practical case study.

On Tuesday, 8 October 2019, President Muhammadu Buhari presented the proposed 2020 budget of the Federal Government of Nigeria to the joint session of the National Assembly (NASS),

Please watch this webinar from Stren & Blan Partners.