Below is the Compendium of Investment Incentives in Nigeria recently published by the Nigerian Investment Promotion Commission (NIPC) and the Federal Inland Revenue Service (FIRS).

The Nigerian Constitution empowers local governments to assess and levy tenement rates.

Section 19 of the Companies Income Tax Act (CITA) imposes tax at 30% on a company where it declares and pays dividends in excess of its total profit.

Following the introduction of Nigeria's Country-by-Country (CbC) Reporting Regulations on 19 June 2018, the Federal Inland Revenue Service (FIRS) today released the detailed Guidelines...

We are delighted to share insights from recent tax cases from the Tax Appeal Tribunals and Courts in Kenya, Nigeria and South Africa.

Nigeria's Minister of Finance, Budget and National Planning has announced fiscal stimulus and other interventions in response to Covid-19 pandemic and the oil price fiscal shock.

In response to the Covid-19 crisis, the Federal Inland Revenue Service on 23 March 2020 announced certain measures.

On 14 October 2020, the Nigerian Export Promotion Council (NEPC) issued a Circular directing exporters interested in the Export Expansion Grant (EEG) Scheme...

The Tax Appeal Tribunal (TAT or Tribunal), in Polaris Bank v. Abia State Board of Internal Revenue has made pronouncements on a number of different tax matters including:

. The survey was conducted using structured questionnaires administered to Finance Directors of the surveyed oil companies and compiled by the PwC Nigeria Oil & Gas team.

Life is changing faster than anyone ever imagined and industry players are learning to embrace change in a dynamic world.

The Finance Bill 2020 has been signed into law. The new law introduces over 80 amendments to 14 different laws and takes effect from 1st January 2021.

Financial institutions must take steps to ascertain whether they are 'Reporting Financial Institutions' for CRS purposes and, if so, take further steps to understand...

One of the key developments in 2018 was the FIRS writing to banks appointing them as collection agents of taxpayers considered to be delinquent in their tax payments.

The Regulations were signed and dated 30th of March 2020 but did not state a specific commencement date.

Income tax returns filed by nonresident companies doing business in Nigeria would no longer be accepted unless accompanied with audited financial statements.

Stakeholders must consider all the key aspects of the PIB including fiscal provisions, impact on project economics, financial reporting, contracts and covenants, local content and political dimensions.

The Black's Law Dictionary defines a tax as a charge, usually monetary, imposed by the government on persons, entities, transactions, or property to yield public revenue.

The Lagos State government has issued the "Infectious Diseases (Emergency Prevention) Regulations 2020 effective from 27 March 2020

It appears remote working will be around for a long time; this also comes with its peculiar challenges.