The Lagos State Internal Revenue Service (LIRS) issued a public notice (the Notice) on 20 September 2017 with respect to allowable interest deductions on owner-occupied residential houses.

Lagos State Internal Revenue Service (LIRS) recently appointed all payers of capital sums as Capital Gains Tax (CGT) collection agents, through a public notice, effective from 1 January 2019.

The Nigerian Senate recently passed the Deep Offshore and Inland Basin Production Sharing Contract Act 2004 (Amendment) Bill, 2019 (the Bill).

The Enabling Business Environment Secretariat, under the aegis of the Presidential Enabling Business Environment Council, recently organized a stakeholders meeting to sensitize the public...

The NTP requires tax authorities to create conducive tax environments that would enhance taxpayers' confidence at all levels of government.

Federal Inland Revenue Service (FIRS) has recently been issuing Notice of Refusal to Amend (NORA) assessments issued in respect of on-going tax audit exercises.

In response to information provided by FIRS, NSE has sent letters to publicly listed companies, who were purportedly identified by FIRS as non-compliant.

Federal Inland Revenue Service in its bid to extend the Integrated Tax Administration System initiative to all of its processes, recently indicated its intention to fully automate the withholding tax system in Nigeria.

The last two editions of our InsideTax publication have focused on tackling tax leakages in the 21st century.

The importance of ensuring a conducive environment for businesses cannot be over-emphasized, given their immense contribution to the growth of the national economy.

Nigeria operates a federal system of government. Governing bodies at the centre differ from governing bodies in the sub-units (states).

There are different stages in the life cycle of a business.

The use of outsourcing companies for the provision of manpower needs of organisations has experienced steady rise in Nigeria.

The Federal Inland Revenue Service (FIRS) recently released the Income Tax (Common Reporting Standard) Regulations (The Regulations).

Federal Inland Revenue Service (FIRS) has started inviting taxpayers for reconciliation of their withholding tax (WHT) credit positon with FIRS' records summarised in the taxpayer's K-Card...

Cloud is not the future or an emerging trend anymore—it is the present and is a critical tool for financial institutions to stay competitive in today's challenging business environment.

The Federal Government of Nigeria (FGN), vide the Nigerian Export Promotion Council (NEPC), recently issued the revised guidelines for operation of the Export Expansion Grant scheme ...

Nigeria's Senate, during its plenary session on 25 May 2017, passed the Petroleum Industry Governance Bill following the recommendation of the Joint Committee of the National Assembly...

Benjamin Franklin was apt when he said "In this world nothing can be said to be certain, except death and taxes ".

Financial services regulators in Nigeria increasingly see sustainable banking as an avenue to promote the sustainable development of the nation.