ArticleVacancies In The Nigeria Power Sector ProgramWe are pleased to announce some vacancies under the Nigeria Power Sector Program, a power sector transformation programme led by Deloitte.NigeriaEnergy and Natural ResourcesDeloitte Nigeria
ArticleFederal Government Of Nigeria's 2019 Budget Signed Into LawPresident Muhammadu Buhari has signed the 2019 budget of the Federal Government of Nigeria into law. The Budget, which was signed on Monday, 27 May 2019,NigeriaFinance and BankingDeloitte Nigeria
ArticleSenate Passes Bill To Repeal And Re-Enact CAMAThe Bill allows an individual to set up a company unlike the current situation which requires involvement of two or more people.NigeriaCorporate/Commercial LawDeloitte Nigeria
ArticleFIRS Issues Nigeria's Country-By-Country Reporting RegulationsThe Federal Inland Revenue Service (FIRS) in exercise of powers conferred on it by Section 61 of the Federal Inland Revenue Service (Establishment) Act No.13 of 2007, and all other powers enabling it, ...NigeriaTaxDeloitte Nigeria
ArticleNigeria Tax Authorities Seek To Deepen Tax Penetration Through AutomationThe Joint Tax Board (JTB) which is the umbrella body for all State Boards of Internal Revenue (SBIRs) in Nigeria held its 141st meeting on 16 July 2018.NigeriaTaxDeloitte Nigeria
ArticleWorld Bank Ease Of Doing Business Report 2020: Nigeria Remains Top ImproverThe World Bank Group (World Bank) on Thursday, 24 October 2019, published its 2020 Doing Business Report (the Report). This latest report sees Nigeria ranking 131 out of 190 countries NigeriaFinance and BankingDeloitte Nigeria
ArticleRIRS Launches Electronic Platform For Taxpayers To Manage Their Tax AffairsIn keeping with the recent drive by revenue authorities to automate their processes, the Rivers State Internal Revenue Service (RIRS) ...NigeriaTaxDeloitte Nigeria
Article2.5% Withholding Tax Rate: Who Are The Intended Beneficiaries?The reduced WHT rate is stated to apply to companies involved in "all aspects of building, construction and related activities...". NigeriaTaxDeloitte Nigeria
ArticleFederal Government Releases 2018 Fiscal Policy MeasuresFPMs have been regularly used by the FGN to influence investment, production and consumption activities in the country.NigeriaGovernment, Public SectorDeloitte Nigeria
ArticleFederal Inland Revenue Service Provides Clarification On Recent Tax Developments At A Stakeholder MeetingFIRS recently circularised some banks to recover unpaid taxes from taxpayers that maintain bank accounts with such banks. NigeriaTaxDeloitte Nigeria
ArticleMinistry Of Petroleum Resources Releases Draft National Petroleum Fiscal PolicyThe Ministry of Petroleum Resources has released a draft fiscal policy for Nigeria's petroleum industry. This is a fall out of the Ministry's roadmap tagged "7 Big Wins" for the petroleum industry...NigeriaEnergy and Natural ResourcesDeloitte Nigeria
ArticleBuilding Organisational Capacity For Successful Implementation Of IFRS 9Upgrading to the latest International Financial Reporting Standards (IFRS 9) is a large transformational event for all financial institutions, regardless of their size and complexity.NigeriaAccounting and AuditDeloitte Nigeria
ArticleIFRS 15 – Revenue From Contracts With CustomersAs with any new IFRS implementation, board oversight at an early stage and on an ongoing basis is critical. In order to ensure an effective and efficient implementation process, it is imperative that the board remains engaged in this process and sets the tone for the entity. NigeriaAccounting and AuditDeloitte Nigeria
ArticlePenCom Issues Reminder On Requirement For Annual Certificate Of ComplianceThe notice states that only Pension Clearance Certificate (PCC) issued by PenCom will serve as proof of compliance with the provisions of PRA 2014.NigeriaEmployment and HRDeloitte Nigeria
ArticleHouse Of Representatives Passes Petroleum Industry Governance BillThe House of Representatives (HoR) on Wednesday, 17 January 2018, passed the Petroleum Industry Governance Bill ("PIGB" or "the Bill") following its third reading at the House.NigeriaEnergy and Natural ResourcesDeloitte Nigeria
ArticleTaxpayers To Validate Official Email Address With FIRSFederal Inland Revenue Service (FIRS) has issued a public notice requesting taxpayers to validate their official email addresses in FIRS' records.NigeriaTaxDeloitte Nigeria
ArticleVoluntary Pension Contribution – Arresting The Tax Leakage From Withdrawals?The Pension Reform Act 2014 ("PRA" or "the Act") and the repealed Pension Reform Act 2004 played a great role in ensuring employers and the employees in Nigeria save for employees' retirement.NigeriaEmployment and HRDeloitte Nigeria
ArticlePresident Buhari Signs Executive Order To Promote Local ContentOther issues covered under the Order include encouragement of indigenous human capital capacity development and establishment of a database of Nigerian experts.NigeriaGovernment, Public SectorDeloitte Nigeria
ArticleCost Contribution Arrangements ("CCAs")The last six years have witnessed significant efforts by Nigeria to align its domestic tax laws and regulations with international initiatives on modernization of its tax principles and enhancement...NigeriaTaxDeloitte Nigeria
ArticleNECA Holds Meeting To Chart Way Forward On The Abuse Of Pioneer StatusThe NECA recently invited its members to a meeting to discuss the recent investigative activities of the National Assembly on organised businesses in Nigeria and to take a position on a way forward in this regard.NigeriaTaxDeloitte Nigeria