The Nigerian economy, as reported by the NBS, recorded the slowest first-quarter growth since 2016 (post-recession), as real GDP rose by 1.87% year on year, from N16.57 trillion in Q1 2019 to N16.89 trillion I Q1 2020.

The Court of Appeal delivered a judgment on the deductibility of recharges by non-resident companies filing income tax returns under the deemed profit regime.

The Federal High Court has clarified the rules on taxation of foreign companies operating through a fixed base or permanent establishment in Nigeria.

The Federal Inland Revenue Service (FIRS) recently issued a public notice on what taxpayers need to know with respect to applications for tax clearance certificate (TCC).

The Federal Inland Revenue Service (FIRS) has issued revised transfer pricing (TP) declaration and disclosure forms.

A public notice has been published by the Lagos State Internal Revenue Service (LIRS) on the taxation of foreigners who perform employment duties in Nigeria.

Employers are required to deduct PAYE on the benefits at the date of exercise.

The OECD has been leading the efforts to combat aggressive tax avoidance through base erosion and profit shifting (BEPS) especially by multinational companies.

On September 16, the OECD published the first set of recommendations in connection with its Base Erosion and Profit Shifting (BEPS) action plan.

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...

PwC recently released a study on the effect of disclosing material weaknesses (MWs) during an issuer's initial public offering.

Last week, the SEC announced settled charges against PwC and one of its audit partners for violations of the auditor independence rules.

A new report released last week by PwC US analyzed the use of non-GAAP measures (NGMs) in IPOs and found that nearly 60% of the IPOs surveyed included at least one NGM.

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We have developed a simple template to enable property owners and the general public calculate their indicative Land Use Charge (LUC) under the new law enacted by the Lagos state government.

Increasing competition, rather than accessibility, has become the biggest concern for retailers over the last six months. 23% of the retailers who participated in the second market barometer conducted by PwC during the third week of September acknowledged that competition, including the effect of online sales, is trimming their margins.

The United States House Ways and Means Committee has released a 429-page "Tax Cuts and Job Act of 2017" bill.