ArticleAfrica Mobile Consumer Survey 2015/2016: Game Of PhonesAs smartphones become ever more embedded in the lives of Africans, we see new opportunities and challenges for the mobile sector, retailers, advertisers and beyond.NigeriaMedia, Telecoms, IT, EntertainmentDeloitte Nigeria
ArticleIFRS Reporting – Matters Arising On DerivativesIt is over six years that Nigeria adopted the International Financial Reporting Standards (IFRS) to align the country with global reporting. NigeriaFinance and BankingDeloitte Nigeria
ArticleFIRS Demands Penalties From Erring Taxpayers For Failure To File CbCR NotificationThe Federal Inland Revenue Service (FIRS) has started issuing demand letters for payment of administrative penalties to taxpayers who did not file Country-by-Country ReportingNigeriaTaxDeloitte Nigeria
ArticleFRCN revokes rule requiring regulatory approval before recognising certain expensesThe Financial Reporting Council of Nigeria ("FRCN") on Monday, 5 August 2019, issued a public noticeNigeriaCorporate/Commercial LawDeloitte Nigeria
ArticleMergers And Acquisitions Now Under The Joint Purview Of SEC And FCCPC…Till Further NoticePursuant to the Federal Competition and Consumer Protection Act (FCCPA), which was signed into law on 30 January 2019, the Securities and Exchange Commission (SEC) and Federal Competition and Consumer Protection Commission (FCCPC) ...NigeriaCorporate/Commercial LawDeloitte Nigeria
ArticleCourt Of Appeal Affirms The Applicability Of VAT On Services Rendered By A Non-Resident CompanyThe Court of Appeal (CoA), on 24 June 2019, upheld the decision of the Federal High Court (FHC), in the case between Vodacom Business Nigeria Limited (‘Vodacom' or ‘Appellant') and Federal Inland Revenue Service...NigeriaTaxDeloitte Nigeria
ArticleEvidence Of Tax Payment Will Soon Become A Prerequisite For Issuing Passports – FIRSThe FIRS Chairman stated this requirement will extend to a number of other services from the government.NigeriaTaxDeloitte Nigeria
ArticleFIRS Releases New Transfer Pricing FormsThe Federal Inland Revenue Service (FIRS) has released updated Transfer Pricing (TP) Declaration and Disclosure Forms, which take effect from January 2017.NigeriaTaxDeloitte Nigeria
ArticleLIRS To Automate Collection Of Consumption Tax Using Electronic Revenue Assurance SystemThe Law imposes 5% consumption tax on all sales/purchases of products and services at hospitality outlets in Lagos State.NigeriaTaxDeloitte Nigeria
ArticleTax Appeal Tribunal's Judgement On The Taxability Of Gratuity PaymentsThe Tax Appeal Tribunal ("TAT" or "the Tribunal") sitting in Enugu State on 20 June 2019 delivered a judgment in favour of Nigerian Breweries Plc ("Nigerian Breweries" or "Appellant") NigeriaTaxDeloitte Nigeria
ArticleDirectors' Alert 2017Join several of our Deloitte business leaders and prominent independent global directors as they share their insights to get you prepared for and ready to take advantage of the many disruptions facing organizations.NigeriaCorporate/Commercial LawDeloitte Nigeria
ArticleDirectors' Alert 2017 - Courage Under Fire: Embracing DisruptionJoin several of our Deloitte business leaders and prominent independent global directors as they share their insights to get you prepared for and ready to take advantage of the many disruptions facing organizations.NigeriaCorporate/Commercial LawDeloitte Nigeria
ArticleFederal High Court (FHC) Confirms Applicability Of VAT On Services Rendered By A Foreign Entity To A Nigerian EntityFederal High Court (FHC), on 19 June 2018, issued a ruling overturning the decision of Tax Appeal Tribunal (TAT) in the case between Gazprom Oil & Gas Limited (Gazprom or the Company) and Federal Inland Revenue Service.NigeriaTaxDeloitte Nigeria
ArticleFIRS To Pursue Directors And Management Staff For Outstanding Corporate Tax LiabilitiesFederal Inland Revenue Service (FIRS) on Monday, 19 August 2019, issued a public notice mandating companies with lien on their accounts to regularise their tax status NigeriaTaxDeloitte Nigeria
ArticleNigerian Government Chases After VIPs & HNIs To Regularise Their Tax StatusThe tax landscape in Nigeria is changing fast and efforts at bringing taxable individuals into the tax net is gaining momentum.NigeriaTaxDeloitte Nigeria
ArticleThe Continental Free Trade Agreement: Is No Deal The Right Deal For Nigeria?Based on examples from developed nations, FTAs are critical for economic growth and Nigeria should be seeking bilateral or multilateral FTAs that are strategic to its economic growth. NigeriaInternational LawDeloitte Nigeria
ArticleThe Transformation Of The Traditional Finance FunctionFinance is arguably the lifeblood of an organisation and stakeholders have high expectations of the Function‘s performance. NigeriaFinance and BankingDeloitte Nigeria
ArticleControversy Trails Value Added Tax Exemption On Domestic Airline ServicesIn June 2018, the Federal Executive Council (FEC or the Council) announced its approval of two Executive Orders and five Amendment Bills touching on key provisions in the Nigerian taxNigeriaTaxDeloitte Nigeria
ArticleFIRS Issues Public Notice On Implementation Of The Revised 2018 Transfer Pricing RegulationsRecently, the Federal Inland Revenue Service issued the Income Tax (Transfer Pricing) Regulations, 2018, which replaced the Income Tax (Transfer Pricing) Regulations, 2012.NigeriaTaxDeloitte Nigeria
ArticleLIRS To Introduce Unique Biometrics-Based Identifier For TaxpayersThe Lagos State Internal Revenue Service (LIRS) has issued a public notice (the Notice) on its intention to integrate the LASG-EBS Taxpayer Identification Digit (PID) NigeriaTaxDeloitte Nigeria