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 acting Executive Chairman of the Federal Inland Revenue Service (FIRS) in a press conference and meeting with stakeholders on resuming office disclosed the focal areas for his administration.

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.

We have ignored taxation for too long as a nation. We must now seize the moment to write the tax history of our future.

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

On 22nd January 2016, the Tax Appeal Tribunal (TAT) sitting in Lagos reinforced the principle established by the Court of Appeal in FIRS v Halliburton...

In a recent judgement, the Tax Appeal Tribunal (TAT) has ruled in favour of a private educational institution that it is not liable to income tax on its profit.

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.

The Federal High Court ("FHC") overruled the decision of the Tax Appeal Tribunal ("TAT") in Gazprom Oil & Gas Nig. Ltd vs. Federal Inland Revenue Service ("FIRS").

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Nigeria's President has issued an executive order amending the Executive Order 008 of 2018 on the Voluntary Offshore Assets Regularisation Scheme (VOARS).

A certificate of capital importation ("CCI") is a certificate issued by a Nigerian bank confirming an inflow of foreign capital either in the form of cash (loan or equity) or goods.

Further to the Finance Act (FA), 2019 which amended a number of provisions in the Value Added Tax (VAT) Act, the Federal Ministry of Finance

In addition, prior to the now protracted decline in global oil prices, Nigeria was growing at a CAGR of 5.3% post rebasing.

The FIRS has issued a Public Notice informing all taxpayers, especially non resident companies carrying on business in Nigeria, to submit full income tax returns as required by law.

The Nigeria Social Insurance Trust Fund (NSITF) recently entered into an agreement with the Nigeria Employers' Consultative Association (NECA) on the basis for calculating contributions under the Employees' Compensation Act (ECA) 2010.

But it will take more than luxury tax to plug the hole. We need to simplify the tax system and broaden our tax base.

The Federal Government of Nigeria has unveiled the Nigerian Code of Corporate Governance ("NCCG" or the "Code") drafted by the Financial Reporting Council of Nigeria ("FRC").