tax evasion is so pervasive, it is more difficult to find those who have paid the right amount of tax than evaders. It's like hiding in plain sight or at best behind a single finger.

The Tax Appeal Tribunal (TAT) has ruled in favour of the Federal Inland Revenue Service to levy withholding tax on dividends paid out of gas profits by upstream petroleum companies.

The Nigerian government introduced the Nigerian Automotive Industry Development Plan (NAIDP) in 2013 to revitalisethe auto industry.

Investment interest in Africa and Nigeria has continued to grow, with Africa often viewed as an investment market with the potential for significant growth and superior returns.

Following the approval of the 2021 – 2023 Medium-Term Expenditure Framework and Fiscal Strategy Paper, President Buhari has presented the ...

The FIRS has begun to enforce compliance with Nigeria's CbCR Regulations. Members of multinational groups that meet the CbCR threshold have an obligation to notify the FIRS of the identity and tax residence of...

As recommended by various stakeholders, the 223-page Petroleum Industry Bill (PIB) which has been stalled for over 12 years has now been split into at least 2 separate bills.

The Finance Act (FA) 2019 introduced significant amendments to the Value Added Tax Act (VATA). The FIRS circular seeks to provide guidance on how the FIRS intends to implement the VAT amendments.

The Bill applies to all businesses and all commercial activities within, or having effect within Nigeria and extends to undertakings in which the Federal, State or Local Government ...

The new directive which requires all non-resident companies to submit audited accounts and actual profit tax computations may create practical challenges.

In August 2018, Nigeria's Federal Inland Revenue Service (FIRS) issued the Income Tax (Common Reporting Standard) Regulations ("CRS Regulations") to provide legal backing for CRS implementation in Nigeria.

The National Office for Technology Acquisition and Promotion ("NOTAP) was established by the NOTAP Act, Cap. N62 LFN 2004 to monitor the transfer of foreign technology into Nigeria.

At the current rate of 5%, Nigeria's record VAT collection of N1.1 trillion in 2018 amounts to 0.9% of GDP compared to about 3.8% for commonwealth and ECOWAS countries.

As part of Nigeria's drive to improve the ease of doing business, the Nigeria immigration service (NIS) has announced some changes to immigration procedures including:

This article examines Nigeria's Free Trade Zone (FTZ) regime, focusing on the legal framework, incentives, and investment opportunities available to local and foreign investors.

On 10 July 2017, the Organisation for Economic Co-operation and Development (OECD) released the latest edition of its Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations.

On 24 August 2020, the Central Bank of Nigeria issued a notice directing authorised dealers against issuing Form Ms for imports, where payments are not made directly to the ultimate supplier.

Our main focus is on the Executive Order Promoting Transparency and Efficiency in the Business Environment ("the Order") aimed at improving the business environment in Nigeria.

Investment interest in Africa and Nigeria has continued to grow, with Africa often viewed as an investment market with the potential for significant growth and superior returns.

The Federal Executive Council, the highest Executive decision making organ in Nigeria, yesterday approved a new National Tax Policy for the country.