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How The Recent Developments And Events Of The Coming Months In The Local And Global Environment Will Impact You And Your Tax.

The National Tax Policy 2012 has defined Tax as the monetary charge imposed by the Government on persons, entities, transactions, or properties to yield revenue.

Acting pursuant to the power conferred by Section 38 of the Value Added Tax Act ("VAT Act"), the Honourable Minister of Finance, Budget and National Planning ("Minister") on February 3, 2020, issued...

Can taxpayers dare to expect relief against double taxation provisions within the tax laws in the era of non-oil budgeting?

For many Nigerians, moving abroad meant a clean break from Nigerian tax obligations.

Nigeria's tax landscape has undergone a fundamental transformation with the Nigeria Tax Act 2025, which eliminates decades-old tax exemptions on interest payments for foreign loans that previously made the country attractive for international financing.

The 2022 fiscal year was no exception as there were notable developments in the Nigerian TP environment during the year, which will impact 2023.

Nigerian President signs executive order mandating Nigerian taxpayers to declare and pay tax on their offshore assets.

The 2018 fiscal year witnessed an increased tax activism by the revenue authorities and the Ministry of Finance. These events clearly demonstrated the government's intention to widen the tax net and raise additional revenue.

Income tax returns filed by nonresident companies doing business in Nigeria would no longer be accepted unless accompanied with audited financial statements.

The Finance Act of 2020 (the Act) reviews and amends several tax legislations.

The Nigerian lottery and gaming industry has seen a lot of growth and expansion in recent years.

The Tax Appeal Tribunal (TAT or "the Tribunal") sitting in Lagos recently held, in the case between Little Company Nigeria Limited ("LCN" or "the Company" or "the Appellant")...

the employer, as an agent of collection on behalf of the government, does not have any further obligation with respect to other income of the employee outside employment income

In March 2010, the Federal Government through the Debt Management Office announced the approval by the Federal Government of a tax waiver for all categories of bonds (including corporate bonds) and short term government securities such as treasury bills.

Death is universally acknowledged as the terminal point for every living thing. It is an inevitable circumstance that brings sorrow to everyone directly or indirectly affected by the bereavement.

Globalisation and Technological Advancements are encouraging more Nigerian Businesses to diversify their spheres of businesses, into other countries; especially West and South African countries.