A new Bill to impose a Communication Service Tax (CST) is being introduced by the National Assembly.

The Tax Appeal Tribunal (TAT) on 18 November 2015 held that the Federal Inland Revenue Service should accept tax computations prepared by the Contractor of a Production Sharing Contracts...

Thriving In A New Africa.

A sound and dynamic tax system is a critical factor for economic development including job creation, social welfare, better standard of living. At the heart of this is the need for a clear...

The Federal Inland Revenue Services (FIRS) on May 19, 2020, issued a public notice on the extension of the reporting deadline for Reportable Financial Institutions (RFIs), under the Common Reporting Standard (CRS) Regulations.

The National Pensions Commission (PenCom) has announced the commencement of transfer of Retirement Savings Accounts (RSA) between Pension Fund Administrators (PFAs).

It is counter-intuitive that many politicians play politics with revenue generation by placing political considerations ahead of professionalism.

President Buhari has today signed the 2016 Appropriation Bill into law following the resolution of areas of disagreement between the Legislature and the Executive.

What role will the Africa Continental Free Trade Area agreement play in delivering Africa's Agenda 2063 - "The Africa We Want"? What role will the Africa Continental Free Trade Area agreement play in delivering Africa's Agenda 2063 - "The Africa We Want"?

The Federal Ministry of Finance recently issued an addendum to the 2017 Revised Import Guidelines, Procedures and Documentation Requirements under the Destination Inspection Scheme to clarify certain provisions of the Guidelines and improve ease of cross-border trade.

Generally, tax authorities across the country became more aggressive with revenue drive including the use of consultants and unconventional methods for tax audits.

Following the recent declaration of tax amnesty by the Federal Inland Revenue Service, a number of questions arose concerning the amnesty including eligibility, scope and the process involved.

The Federal Inland Revenue Service (FIRS) has established a new Large Tax Office (LTO) located in Apapa, Lagos effective from 15 May, 2020.

The FIRS has indicated that all concessions for waivers of penalty and interest on outstanding tax liabilities will come to an end by 31 December 2020

The Federal Inland Revenue Service (FIRS) and the FCT Internal Revenue Service (FCT-IRS) have issued a joint public notice informing taxpayers and the general public...

The Lagos State Internal Revenue Service (LIRS) has announced the extension of the deadline for filing personal income tax returns by 2 months from 31st of March to 31st of May 2020.

On the 21st and 22nd March 2016, the National Economic Council held a strategy retreat at the state house in Abuja.

The Organisation for Economic Cooperation and Development (OECD) on 18 December 2017 released the latest edition of its Model Tax Convention incorporating various changes developed...

The Senate has rejected the report of its committee on the National Roads Fund (Establishment, etc) Bill 2017.

A new Executive Order (008) which takes effect from 8 October 2018 has been signed by President Muhammadu Buhari.