1,627 results found

The old industry of lottery and gaming has continued to develop with several innovations globally. With an estimated twenty-six percent of the world's total population involved in gambling...

Managing financial and non-financial assets, preservation of wealth, succession planning and wealth transition, tax compliance and efficiency, retirement planning remain some of the many key objectives...

The Federal Inland Revenue Service (FIRS) launched the electronic Transfer Pricing (TP) filing portal (e-TP platform or the platform) in March 2020 to promote the ease of filing...

Following the drop in global crude oil prices and the economic shutdown caused by the COVID-19 pandemic, economies across the globe have been significantly impacted, ...

The VATA contains provisions which appear to support both the cash and accrual basis of accounting for VAT.

Transactions relating to the supply of satellite network bandwidth by a non-resident company to a nigerian company are liable to VAT.

The President of Kenya assented to the Tax Laws (Amendment) Bill 2024 on 11th December 2024. In accordance with Article 116 of the Constitution of Kenya, the Tax Laws (Amendment) Act was gazetted on 13th December 2024...

The Chief Judge (CJ) of the Federal High Court (FHC), Honorable Justice J.T. Tsoho, recently approved the FHC Tax Appeal (Procedure) Rules, 2022 ("the Rules"), pursuant to his powers under Section 44(1) & (2) of the ...

The Federal Inland Revenue Service (FIRS or "the Service") has issued a Public Notice informing taxpayers of the termination of the reduced 7.5% withholding tax (WHT) rate...

This article highlights the individual taxpayer's obligations for filing tax return with the relevant tax authorities and other compliance requirements.

It is a fact that different tax laws apply to income earned by different categories of taxpayers in Nigeria.

Value Added Tax is a consumption tax imposed on the value of the supply of taxable goods and services produced and consumed in Nigeria.

The enactment of the Pension Reform Act 2004 changed the landscape for retirement benefit planning in Nigeria.

The Nigerian Finance Bill (the "Bill") which is to take effect in January 2023 is currently undergoing the legislative review and approval process at the house of representatives.

The Lagos State Internal Revenue Service (LIRS) recently issued a Notice (the "Notice") to employers in the State to file their annual tax returns for the 2024 financial year on or before 31st January 2025.

The LIRS has issued the Hotel Occupancy and Restaurant Consumption Regulations 2017 pursuant to section 9 of the Hotel Occupancy and Restaurant Consumption Law empowering LIRS, to issue Regulations...

The Honourable Minister of Finance, Budget and National Planning ("the Minister") recently issued the Value Added Tax (Modification) Order, 2021 ("2021 Order"), which is effective from 30th July, 2021.