The Petroleum Industry Bill 2020 (PIB or the Bill) is an omnibus Bill, which seeks to "provide legal, governance, regulatory and fiscal framework for the Nigerian petroleum industry...

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")...

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.

The Federal Inland Revenue Service (FIRS) has released guidelines to provide clarity regarding the nature and extent of inquiries related to desk examinations, tax audits, tax investigation...

The Court of Appeal (COA or "the Court") sitting in Lagos recently decided in Federal Inland Revenue Service (FIRS or "the Appellant") and Attorney General of Lagos State...

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...

The history of Transfer Pricing (TP) in Nigeria dates back to 2012 when the first Income Tax (Transfer Pricing) Regulations No. 1, 2012 was gazetted.

The business landscape in Nigeria is shaped by intricate legal frameworks, which includes key legislations: the Companies and Allied Matters Act (CAMA), Companies Income Tax Act (CITA) and Petroleum Profit Tax Act (PPTA).

The Petroleum Industry Act, 2021 (PIA) provides a new fiscal and regulatory framework for Nigeria's petroleum industry. The PIA is a major milestone in a long history...

2021 has been a landmark year for the Nigerian Oil and Gas Industry.

The introduction of the electronic money transfer levy ("EMT levy" or "the levy") through the Finance Act, 2020 (the Act) has replaced the previous stamp duty on electronic receipts or electronic transfers.

Amidst the high cost of living in Nigeria, increasing cost of doing business, high and accelerating inflation, increasing borrowing cost and debt profile of the country...

On Saturday, 2nd December 2023, a wheelbarrow pusher stabbed a government revenue official in Benin City (Edo State) and instantly turned the same knife on himself.

The Value Added Tax (VAT) (Modification) Order, 2024 ("the Order") was signed on 1 September 2024, by the Honorable Minister of Finance and Coordinating Minister of the Economy...

GlaxoSmithKline (GSK) recently announced a formal exit from Nigeria, which generated a lot of emotions in the country. It was seen by many as a fall out of how the economy...

Digital economy no longer needs introduction. We will therefore not be spending time trying to define neither the term, scope nor coverage.

It is no secret that in recent times the Federal Inland Revenue Service has become more aggressive in the audit of multinational enterprises.

The National Pension Commission (PenCom or "the Commission") has issued a Circular (‘the Circular') on "Emerging Matters on the Payment of Voluntary Contribution (VC)...

Many organisations require successful recruitment candidates to undergo medical tests to determine their fitness before being given an employment offer.

It has been three years since the Petroleum Industry Act ("PIA" or the "Act") was signed into law, and the implementation of the Act has come into full swing.