As at the commencement of the African Continental Free Trade Agreement (AfCFTA) on 30 May 2019, 52 African countries have signed the agreement while 3 countries

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.

On 19 February 2020, the TAT held that the ₦1.74 billion assessment issued by the FIRS to Prime Plastichem Nigeria Limited (PPNL)

The Companies and Allied Matters Act 2020 ("CAMA 2020" or the "Act") was signed into law and gazetted with a commencement date of 7 August 2020

In Theodak Nigeria Limited v FIRS, FIRS assessed the company, engaged in the letting of office premises, to tax based on a percentage of the value ...

The Federal Inland Revenue Service (FIRS) audited the tax returns of Ecobank Nigeria Plc ("Ecobank", "the company" or the "Bank") relating to the 2015

The Nigeria Immigration Service (NIS) on 4 February 2020 launched the Nigeria Visa Policy 2020 (NVP 2020).

The uncertainty regarding the commencement date of the new pension law signed by President Goodluck Jonathan has now been laid to rest with the gazetting of the law.

A review of the major tax events of 2014 and the outlook for 2015.

Tax has always been one of an insurer's most significant expenses, comparable to payroll and claims.

PwC has helped a company secure a TAT ruling to the effect that a taxpayer's right of objection or appeal is not waived by the fact that the taxpayer has paid the assessment being subsequently disputed.

According to the National Pension Commission, PFAs as at July 2016 had an asset base of ₦5.82 trillion, primarily invested in government securities.

Subsequent to our recent tax alert on the ongoing tax amnesty, we have received further update from the FIRS regarding eligibility for the waiver.

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

The judgment also sustained the existing decision of the court on "Excess Dividend Tax" on the basis that the dividends in question were paid out of profits which had not been taxed.

The FIRS expressed concern that nonresident companies do not file full tax returns as required by law.

"You never know who is swimming naked until the tide goes out." - Warren Buffet

Tax authorities previously focused only on PAYE tax but are now asking questions regarding other incomes from rental, 'side-hustle', trading or professional activities that individuals need to declare.

In order to give taxpayers ample time to file their tax returns amid the lockdown, the LIRS had in March 2020 issued a public notice extending the filing deadline from 31 March to 30 June 2020.

The WHT Regulations provide that "all types of contracts and agency arrangements other than sales in the ordinary course of business"