Data has shown a strong correlation between strong intellectual property rights and economic development. Strong IP rights create an enabling environment for the innovation necessary for economic stimulation.

The 2015 Budget of the Federal Government of Nigeria was presented to the National Assembly on 17 December 2014.

The proposed law to compel private companies to become public entities is disguised indigenisation particularly to foreign investors.

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

We understand that the FIRS today wrote a letter to all banks communicating a temporary suspension of lien on accounts of taxpayers alleged to be in default of tax payments

Following the announcement of discounts to the land use charge rates by the Lagos state government on 15 March 2018, we have updated our computation template accordingly.

Before now, tax administration of the FCT was under the Federal Inland Revenue Service.

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.

"Those who cannot learn from history are doomed to repeat it." - George Santayana

In this time of falling government revenue, there is a lot of focus on tax compliance by various tax authorities.

The Federal Executive Council has approved the inclusion of 27 new industries/products as eligible for pioneer status incentive, a corporate income tax exemption for up to 5 years.

By law, certain tax liabilities such as VAT and withholding taxes must be paid in the currency of transaction. This means for instance, if a fee was paid in USD then the applicable VAT ...

The tax amnesty recently introduced by the Federal Inland Revenue Service came to a close on 24 November 2016.

President Goodluck Jonathan today appointed Mr. Samuel Ogungbesan as the acting Chairman of the Federal Inland Revenue Service.

Well, if your guess is as good as mine, then you will agree that the social contract is broken and needs fixing urgently.

Welcome to the 2nd half of 2014! Our tax calendar for the month is now available for download.

The Lagos state government today announced the establishment of a Rapid Tax Prosecution Unit to aid the Lagos Internal Revenue Service (LIRS) in its drive to collect taxes.

The Lagos State Internal Revenue Service (LIRS) has launched a new eTax system, a digital, end-to-end, multi-channel solution for tax filing and payments

The Organisation for Economic Cooperation and Development (OECD) on Thursday 25 April 2019, published the full version of its 2017 Model Tax Convention on Income and Capital, the tenth edition.

The Brexit vote has not only shocked the EU and the rest of the world, it also left many citizens and residents of the United Kingdom themselves "fantastically stunned".