I have uploaded below a copy of my article published in the BusinessDay Newspaper on Monday 10 February for your reading pleasure.

The LIRS has extended the deadline for employers to file their annual returns from 31 Jan to 8 Feb 2019.

Another quick reminder to keep an eye on your tax returns and payment deadlines for the month of May.

The FIRS today released a public notice threatening to go after the directors, managers, secretaries and other persons concerned with the management of companies to recover tax liabilities owed

Our tax calendar for the month of April is available for download. Ensure to keep an eye on your tax compliance obligations to avoid sanctions in view of the aggressive tax drive by governments at all levels.

The Federal Inland Revenue Service discussed specific tax issues affecting parties to a Production Sharing Contract in the upstream petroleum industry.

We analyse a recent judgment by the Federal High Court regarding the taxation of transactions with non-residents.

FIRS held a stakeholder meeting on 19 September 2014 to sensitise Sole Risk and Marginal Field operators on tax compliance and transfer pricing issues.

This decision provides some clarity on the long standing debate on whether tax deductibility is dependent on cost recoverability for upstream oil companies in Nigeria.

It is conventional wisdom that the harder we make tax compliance, the more we provide the incentive for non-compliance and outright evasion.

The Tax Appeal Tribunal ("TAT") on 11 December 2014 delivered a judgment on the treatment of revenue allocation by a non-resident company ("NRC") under the deemed profit regime.

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.

There is a Yoruba adage which says: it is the way that the bird flies that the hunter will throw stones at it.

The Federal Inland Revenue Service (FIRS) has again issued a public notice to remind companies of their obligations to file tax returns and to do so on time (within 6 months of financial year end date).

The acting Executive Chairman of the Federal Inland Revenue Service (FIRS) in a press conference and meeting with stakeholders on resuming office disclosed the focal areas for his administration.

Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing the 2019 employers' annual tax returns to 8 February 2019. The due date for filing the returns is 31 January 2019.

The national tax policy review committee has completed its assignment and yesterday submitted the revised National Tax Policy (NTP) to the finance minister.

Nigeria's Revenue Service has issued comprehensive guidelines clarifying how virtual assets are taxed under existing legislation. The framework addresses taxation for individuals and businesses engaged in cryptocurrency trading, virtual asset service providers, and peer-to-peer marketplaces. A notable feature is the requirement to compute gains in US dollars rather than Naira.

On 22nd January 2016, the Tax Appeal Tribunal (TAT) sitting in Lagos reinforced the principle established by the Court of Appeal in FIRS v Halliburton...

On 5 October 2015, the Organisation for Economic Cooperation and Development (OECD) released its final Base Erosion and Profit Shifting (BEPS)...