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

The National Pension Commission (PenCom) recently released guidelines (the Guidelines) to provide clarity on voluntary contributions (VCs) under the Contributory Pension Scheme (CPS).

The Circular reverses the existing incentives which exempt Value Added Tax (VAT) on all commissions applicable to capital market transactions.

The Lagos State Internal Revenue Service (LIRS) has issued a public notice (the Notice) to clarify the treatment of savings element on insurance premium.

At a recent sitting in Abuja, the Federal High Court (FHC) ruled that income tax assessment notices issued by Federal Inland Revenue Service (FIRS) based on deemed turnover,

LUCL applies to real and landed property in Lagos State, and seeks to consolidate all property and land based rates/charges into a single property charge.

Further to the launch of e-Filing portal for submission of individual and employer's tax returns early this year, Lagos State Internal Revenue Service (LIRS), has now introduced a ...

The Lagos State Internal Revenue Service (LIRS) recently issued a public notice (the Notice) with respect to the taxation of share-based payments in the hands of employees.

The Joint Tax Board (JTB) recently issued a public notice (the Notice) on the perceived abuse of voluntary pension contribution (VPC) scheme by employees as a means of avoiding personal income tax.

Exploration and production (E&P) companies often encounter challenges with the Tax Authority on tax deductibility of gas flaring expenses incurred in the process of their oil and gas production activities.

The Nigerian Export Promotion Council (NEPC) has requested qualifying exporters to submit baseline data for the determination of export ratings for the 2017 fiscal year ...

The Federal Executive Council (FEC) of the Federal Government of Nigeria (FGN) on Wednesday, 11 September 2019, approved a 50% increase in the Value Added Tax (VAT) rate applicable...

The Federal Government of Nigeria ("FGN") has, via a Circular dated 7 February 2019 ("the Circular"), revised the excise rate on products classified under tariff heading (TH) 22.06.

Statutorily, under the Personal Income Tax Act (PITA) Cap P8 LFN 2004 (as amended), every employer is under obligation to file employers' tax returns (Form H1)

Once upon a time, speed, data capacity and coverage were the forces customers used to decide which ISP they were going to patronize for Internet service; now security is fast becoming the next factor for success.

The new tomato sector policy is one of FG's strategic tools for stimulating the agro-allied industry.

As a follow on from our last week's edition of Inside Tax, here are other areas of concern with the operation and administration of WHT in Nigeria.

Taxing the estate of the deceased does not only augment government's budget, but also help in re-distributing wealth within the economy.

The Bill seeks to promote fiscal equity, align domestic laws with global best practices and support Micro, Small and Medium-sized businesses.

Nigeria's archives are littered with series of programmes geared towards social, political and economic transformation of the nation.