The World Health Organisation (WHO) recommends that travelers are vaccinated to prevent the transmission of yellow fever (YFV) with specific requirements for travelers.

As the new administrations at federal and state levels fully settle down and begin to strategise on how to deliver social services amid dwindling revenue, real focus is shifting more towards taxation as the veritable source of revenue.

The FIRS has shared communications with taxpayers regarding the commencement of exchange of information with other countries. The communication reads as follows:

A Nigerian subsidiary of a South African entity entered into an agreement to provide marketing services in Nigeria to promoted the "Fund" of the South African entity.

Nigeria's President, Muhammadu Buhari today presented the 2020 Budget to the Joint Session of the National Assembly.

This was an appeal against the judgement of the Federal High Court (FHC) which ruled that VAT was payable on satellite bandwidth as an imported service.

The revocation takes effect from 11 July 2019 and it is to be applied prospectively.

The Federal Inland Revenue Service (FIRS) has issued 3 Public Notices...

First it was posting of non-compliance stickers on the premises of defaulting companies. Now, the FIRS has begun to seal off companies that have failed to comply with their tax obligations.

The Tax Appeal Tribunal passed a judgement in a case between Nigeria Agip Oil Company Limited and FIRS regarding the deductibility of interests on intercompany loans.

The FIRS Circular reproduces some of the amendments to the SDA, such as the inclusion of electronic documents as instrument liable to stamp duties, electronic stamping and denoting of...

The Federal Inland Revenue Service (FIRS) has issued the Income Tax (Transfer Pricing) Regulations, 2018.

Following the introduction of the Income Tax (Transfer Pricing) Regulations, 2018 ("TP Regulations") in August, the FIRS today (3 October 2018) ...

Given the likelihood of excess crude oil supply globally in 2014, as a result of key factors such as the recent G5+1 deal with Iran, shale oil development, various crude oil discoveries across Africa and so on; one would expect the price of crude oil to fall.

The LIRS has recently released a new form for the filing of income tax returns under the self-assessment scheme.

Section 55 of the Personal Income Tax Act (PITA) 2011 (as amended) contains a limitation period within which additional assessments must be raised.

In this article, we will outline the key provisions of the SEP Order and share our thoughts on some of the issues that may arise from the implementation of the Order.

The Nigerian President, Muhammadu Buhari, today 19 December 2018 presented the 2019 Appropriation Bill ...

In the months leading up to January 2015, the price of oil fell by 60% driven down largely by booming shale oil production, the drop in energy demands from emerging markets and the strengthening of the US dollar.

The long awaited 2019 Finance Act has been published in the Gazette with a commencement date of Monday 13th January 2020 being the date it was signed into law by President Muhammadu Buhari.