In the June 2, 2022 edition of the Punch Newspapers, President Buhari was reported to have said that: ‘We can't justify subsidy removal; western countries are subsidizing fuel too.'.

On 23 November 2022, the Nigerian President, Muhammadu Buhari, launched the newly redesigned N200, N500 and N1,000 currency notes.

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...

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...

The Nigerian Export Promotion Council (NEPC or "the Council") on Monday, 16 May 2022 issued Circular No. EDM/EEG/ BASELINERATE/ 2013/ V.3/ 169, providing guidelines to all registered...

The Tax Appeal Tribunal Lagos Zone has ruled, in NGX Real Estate Limited and Federal Inland Revenue Service, that rental income derived from real properties are not subject to Value Added Tax.

The players in the digital economy took the world by storm at the turn of this century. This was aided by the advent of global system for mobile telecommunication

It is without a doubt that there is a gradual transition of the managerial control of most businesses to the millennials and generation Z (Gen-Z). Most recently set up companies, especially in the tech space, were founded by Gen-Z.

Employees are often misclassified as independent contractors. Misclassification can sometimes be an innocent mistake by all parties involved, or a conscious decision made by an employer to avoid certain responsibilities and costs ...

The global economy is still recovering slowly from the recent financial crisis; which is now being compounded by the Eurozone debt issue.

The National Assembly has finally passed the Petroleum Industry Bill (PIB), 2021. The key objective of the PIB is to overhaul and transform the Nigerian oil gas industry.

On Tuesday, 27 February 2024, President Bola Ahmed Tinubu, GCFR, launched the Expatriate Employment Levy (EEL). The EEL is a government-mandated contribution imposed on organizations which engage

Expatriate Employment occurs when a foreign national accepts a job/role outside of their home country, which may be taken up independently or as part of the Global Mobility function of an organisation.

FIRS recently issued Information Circular No.: 2021/20 on extension of the meaning of "in use", pursuant to the provisions of Paragraph 16 of the Second Schedule to the Companies Income Tax Act Cap. C21 LFN 2004 (as amended).

The Federal Inland Revenue Service has issued Information Circular No.: 2021/19 on Guidelines on Simplified Compliance Regime for VAT for Non-Resident Suppliers of goods, services or intangibles to persons in Nigeria ...

His Excellency, President Muhammadu Buhari, GCFR signed Finance Act, 2021 ("the Act") into law on 31 December 2021, following its passage by the National Assembly.

The Companies, both related entities, were assessed to stamp duties by the FIRS.

It gets to a stage in your career or in the growth of your business, where your technical skills are a given. What becomes more important is how resourceful you are...