We understand that the Lagos State government today lost its case filed at the Supreme Court challenging the powers of the federal government to collect VAT.

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.

You should have your transfer pricing (TP) policy and documentation in place by now or in the process of doing so.

FIRS has issued letters to taxpayers to start submiting schedules along with their VAT returns showing the VAT attributable to their different branches.

I have articulated my thoughts on how taxation can be used as an enabler to forge inclusive growth and create employment.

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".

The Senate has passed a new Pension Reform Bill which seeks to replace the existing Pension Reform Act 2004.

The National Housing Fund (NHF) was established under the NHF Act 1992 to facilitate the mobilisation of funds for the provision of affordable housing for Nigerians.

The Nigerian Law Reform Commission has proposed various amendments to the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act.

A new Bill has been introduced by the National Assembly seeking to establish an Unemployed Youth, Elderly and Indigent Persons Sustainability Allowance Trust Fund to be financed by the proposed Communication Service Tax

President Mohammadu Buhari, on the recommendation of the Tariff Technical Committee of the Ministry of Finance, has approved an increase to the excise duties on tobacco and alcoholic beverages effective from 4 June 2018

On 17 March 2020, the Federal Inland Revenue Service (FIRS) organized a stakeholder's event for the official launch of its electronic filing solution for Transfer Pricing (TP) called E-TP PLAT 2.0.

The Federal Inland Revenue Service (FIRS) recently denied some companies seeking to utilise withholding tax (WHT) credit notes carried forward from prior years against their 2016 income tax assessments.

The Federal Inland Revenue Service has issued a notice regarding the administration of penalty and interest rates regime under the Companies Income Tax Act.

The Lagos State Internal Revenue Service (LIRS) has released a public notice to provide clarification on the conditions and compliance requirements for individuals to qualify for tax deduction...

The Lagos State Internal Revenue Service (LIRS) on 30 May 2019 issued a Public Notice informing the public of the new Tax Identification Number (TIN) which will be issued to every individual.

The Nigerian Stock Exchange (NSE) has issued Rules which impose certain requirements on listed companies regarding any transactions with related and other interested parties.

The National Executive Council [NEC] recently approved in principle, the implementation of a Voluntary Assets and Income Declaration Scheme (VAIDS).