Paragraph 26 of the Third Schedule to the Personal I e Tax Act (PITA), 2011 as amended exempts "any compensation for loss of employment" from tax under the PITA.

It is common practice for some employers to provide accommodation to their employees under certain circumstances sometimes in lieu of housing allowance.

We are pleased to share the 2019 version of our Nigeria Tax Data Card containing summaries of over 15 different taxes in a tabular, pocket-sized format.

The Investments and Securities Act ("ISA") 2025 marks a significant milestone in Nigeria's capital market regulation, coming into effect 18 years after the Investment and Securities Act 2007 (the "Repealed Act").

Jersey has the opportunity to play an increasingly important role in supporting the wealth management strategies of African private clients, including in established areas such as preserving family wealth...

Today 29 June 2017, the Acting President, Prof. Yemi Osinbajo, SAN formally launched the Voluntary Assets and Income Declaration Scheme (VAIDS).

On 15 December 2020, the Federal Government of Nigeria (FGN) directed that all phone Subscriber Identity Modules (SIMs) should be registered with valid National Identification Numbers (NINs)...

The economic outlook for Africa’s largest economy appears to be gloomy occasioned by the recent free fall in oil prices.

The purpose of this new window is to improve foreign exchange liquidity. This is in addition to the SME window recently introduced by the CBN.

President Mohammed Buhari recently signed an Executive Order titled Planning and Execution of Projects, Promotion of Nigerian Content in Contracts and Science, Engineering and Technology.

On 14 April 2021, the Ministry of Interior (MOI) held its 2nd stakeholders' meeting on expatriate quota matters.

The Federal Inland Revenue Service (FIRS), on 9 January 2014 wrote to a select number of tax consultants.

A new Pioneer Status Incentive regime has been introduced.

The amendments to section 27 will come as good news to many taxpayers. It will however be bad news or a mixed bag for some others. For now, the main casualties are taxpayers whose businesses are...

From sports to entertainment, tourism to technology, infrastructural development to industrialisation, and the list goes on - Nigeria is a country that is often celebrated more for her potentials than real achievements.

The Guidelines for refund claim under the ITF are cumbersome making it difficult for most employers to derive any benefit from the scheme.

VAT stands for Value Added Tax.

On 27 April 2017, the UK Parliament passed the Criminal Finance Act 2017 (Act) into law amending the Proceeds of Crime Act 2002.

Section 30(1)(b) of CITA grants FIRS a discretion to assess foreign companies to tax on a fair and reasonable percentage of their turnover where it appears to FIRS that the company either has no assessable profits or ...

On June 26, 2025, President Bola Ahmed Tinubu signed into law a historic package of tax reform legislation, marking the most comprehensive overhaul of Nigeria's fiscal architecture in decades.