This was pursuant to her powers under Section 120 of the Customs and Excise Management Act Cap. C45 Laws of the Federation of Nigeria, 2004.

Sentinal will allow integrated payment service providers to deduct taxes at transaction-points and remit same directly to Government's Treasury.

The ability to claim input Value Added Tax (VAT) has been a contentious issue in the power sector since privatization.

The TP regime officially began in Nigeria with the release and implementation of the Income Tax Regulations No. 1, 2012.

We are pleased to publish our survey report on employers' response to the removal of subsidy on the pump price of Premium Motor Spirit (PMS) (otherwise called Petrol or Fuel)...

The 2025 budget was based on a crude oil production of 2.12million barrels per day. However, the daily production for the past 6 months to September has hovered between 1.5 – 1.7 million barrels per day (mbpd).

The FHC also affirmed that the FIRS is the only body empowered and vested with the statutory duty to assess, collect and enforce company tax in Nigeria.

On 31 December 2021, His Excellency, President Muhammadu Buhari, GCFR, signed the Finance Bill, 2021 into law as Finance Act, 2021 ("the Act").

His Excellency, President Muhammadu Buhari, GCFR, on Tuesday, 7 December 2021 submitted Finance Bill, 2021 ("the Bill") to the National Assembly for passage.

The Tax Appeal Tribunal (TAT or "the Tribunal") sitting in Benin recently held, in the case between Bayelsa State Board of Internal Revenue ("BSBIR" or "the Board" or "the Appellant")...

The Federal Ministry of Interior has announced that it will impose penalties for late submission of Monthly Expatriate Quota utilization returns which is expected to take effect from 11 January 2024.

Milton Friedman, the renowned American economist, had posited that: "inflation is taxation without legislation".

Nigeria's transfer pricing (TP) landscape is steadily evolving to keep pace with the local business environment and global dynamics. However, despite previous regulatory revisions...

The National Agency for Science and Engineering Infrastructure (NASENI or "the Agency") was established by the NASENI Act, Cap N3 LFN 2004 ("the Act") in 1992.

The National Pension Commission (PenCom) has taken a significant step towards modernising Nigeria's pension system with the launch of the Pension Contribution Remittance System (PCRS).

Power supply in Nigeria has remained epileptic despite privatisation of the generation and distribution subsectors.

The Finance Bill, 2020 which was an Executive Bill prepared by the Honourable Minister for Finance, Budget and National Planning, was approved by His Excellency, President Muhammadu Buhari and presented together ...

Governments around the world have been plagued with how to meet the housing deficits with the escalating population and migration to urban areas.

The Companies Income Tax Act ("the Act") is the enabling legislation for the assessment and payment of income tax on companies in Nigeria. Sections 78 to 81 of the Act provides

nternational Mobility has evolved over the years due to globalization, proliferation of new information technologies as well as the high demand for human talent everywhere in the world.