The Court of Appeal (CoA), in December 2018, upheld the ruling of Federal High Court (FHC) on the liability of educational institutions to pay companies income tax (CIT).

The might of a nation is expressed in the social security and welfare of its people.

In recent times, the term "Executive Order" has become commonplace in global political and economic discourse.

The VATA contains provisions which appear to support both the cash and accrual basis of accounting for VAT.

The major objective of the waiver is to promote voluntary compliance and consequently generate revenue for government which otherwise, could have been lost.

One of the major objectives of the National Tax Policy (NTP) is to ensure fairness and equity, in order to imbibe a tax culture where taxpayers are regarded as the custodians...

There is a simple question that the Football Association in Nigeria must answer.

Pending the resolution of the jurisdictional concerns around TAT, it is imperative for FIRS to consider alternative options to resolve these age-long disputes.

With Free Zones, there is an expectation that the law will mean what it says in letter and in spirit.

These rules apply to businesses in their first three years. Generally, business profits are assessable to tax on a preceding year basis.

Ransomware has become a significant threat globally and in Nigeria. The burgeoning digital economy of Nigeria has seen a surge in cybercrime.

Several 'brief-case' professionals, well accomplished sole proprietors and very important personalities all go around earning millions of Naira in income but paying no tax.

WHT operates as an advance payment of income tax.

The insurance industry is one of the specialised businesses having a peculiar business model and corresponding distinct tax considerations in Nigeria.

The Federal High Court, recently ruled that an indigenous oil exploration company could not deem the consent of the Minister of Petroleum Resources...

It is a fact that different tax laws apply to income earned by different categories of taxpayers in Nigeria.

Major highlights of the Circular are presented below.

The Ministry of Petroleum Resources, on Thursday 27 Oct 2016, launched a road-map tagged "7 Big Wins" for the oil and gas sector.

The Tax Appeal Tribunal (TAT or the Tribunal), on 21 August 2019, in the case between Polaris Bank PLC (Polaris or the Appellant) V. Abia State Board of Internal Revenue (ASBIR or the Respondent)

Nigeria has rolled out another tax amnesty scheme. Backed by Presidential Executive Order No 8 signed on 8 October 2018, VOARS became the latest effort at combating money laundering and tax evasion.