On 20 June 2019, the Tax Appeal Tribunal (TAT), in the case between Nigeria Breweries Plc and Abia State Board of Internal Revenue Service (Respondent), ruled that gratuity is not liable to personal income tax.

This booklet contains a summary of tax and investment information pertaining to key countries in Africa.

The obligation to account for taxes due on withdrawal of voluntary pension contributions (VPC) was made clearer in the judgement delivered yesterday by the Tax Appeal Tribunal (TAT)

Meanwhile, double taxation is the levying of tax more than once on the same declared income, asset or financial transaction, often by two or more jurisdictions.

There are multiple regulatory agencies in Nigeria operating on the framework of various laws and practices, with administrative authorities constituted at different levels to enforce compliance.

It is heartwarming to read the latest doing business report of the World Bank and Nigeria's giant leap to 145th among 190 economies on the ease of doing business.

The Federal Executive Council (FEC) of Nigeria has approved a new list of industries and products that could benefit from tax exemption available under the pioneer incentive scheme.

The Compendium is a compilation of tax, tariff, export and sector based incentives, approved by Federal Government of Nigeria and supported by various legislation.

Federal Inland Revenue Service (FIRS), on 21 February 2019, issued guidelines setting out steps that taxpayers must follow for initiating Mutual Agreement Procedure (MAP).

The Chairman of Federal Inland Revenue Service (FIRS); Mr. Babatunde Fowler, on Thursday 17 August 2017, signed the following agreements:

The Deloitte Insurance Risk Management Survey was commissioned to understand the state of risk management practices in the Insurance industry in line with NAICOM guidelines.

The Federal Government of Nigeria (FGN) concluded the negotiation of Double Taxation Agreements (the DTAs) with the Republic of Ghana and the Republic of Cameroon on 26 July 2018 and 3 August 2018, respectively.

The NTP should not become a redundant policy document or reference tool only for academics.

The NTP should not become a redundant policy document or reference tool only for academics.

The Federal Ministry of Interior (FMI) recently confirmed approval by the Honourable Minister of Interior (the Minister) ...

Lagos State Internal Revenue Service has issued a public notice regarding the taxation of non-nationals with temporary work permit.

A review of Nigeria's present fiscal and currency control regimes as they relate to commercial and industrial IP rights...

The National Pension Commission (PenCom), which is the body empowered to regulate and oversee pension-related matters, recently issued a public notice

After the first year of reporting, IFRS 9 has resulted in an increase in banks' provisioning levels on transition.

AfCFTA is designed to be a legal instrument which would foster economic integration by creating a single market for goods and services, vide progressive elimination of tariff barriers (TBs)