In Star Deep Water Petroleum Ltd v. Lagos State Internal Revenue Service, the Tax Appeal Tribunal (TAT) Lagos division held that an assessment that is not compliant with the law cannot become final and conclusive.

The Tax Appeal Tribunal (TAT) reaffirms previous decisions that interest on related party loans is tax deductible provided it satisfies arms-length principles.

The Federal Inland Revenue Service discussed specific tax issues affecting parties to a Production Sharing Contract in the upstream petroleum industry.

Section 26 of the FIRSEA was also amended to mandate taxpayers to grant the FIRS access to relevant information in the taxpayers' devices or cloud computing facilities.

The governor of Lagos state, Nigeria has issued an Executive Order effectively reducing the charges payable for the transfer of land titles and processing Governor's Consent from about 15% to 3%.

The National Information Technology Development Agency recently released guidelines on Nigerian content development in the ICT sector.

... then look no further. I am happy to share the updated version of our Nigeria Tax Data Card.

We analyse a recent judgment by the Federal High Court regarding the taxation of transactions with non-residents.

FIRS held a stakeholder meeting on 19 September 2014 to sensitise Sole Risk and Marginal Field operators on tax compliance and transfer pricing issues.

This decision provides some clarity on the long standing debate on whether tax deductibility is dependent on cost recoverability for upstream oil companies in Nigeria.

As a result of the low profit margin in the construction industry, resulting in perpetual excess WHT credits, the former minister of finance granted a reduction in WHT rate from 5% to 2.5%.

A Bill to provide for the designation and establishment of Oil and Gas Free Zones and Special Investment Areas is being considered by the Nigerian legislature.

The Tax Appeal Tribunal ("TAT") on 11 December 2014 delivered a judgment on the treatment of revenue allocation by a non-resident company ("NRC") under the deemed profit regime.

FIRS has started to enforce filing of tax returns and payment of outstanding taxes by distraining properties and procuring the arrest of principal officers of defaulting companies.

The DTT provides for a 0% withholding tax (WHT) rate on interest and royalties.

The developments of the Commodity Trading and Risk Management ‘functions’ which are delivering significant performance and control improvements, that many leading companies have chosen to establish.

Partnerships are more than just legal contracts between persons carrying on a joint business venture.

The Federal Capital Territory Internal Revenue Service (FCT-IRS) has announced the extension of deadline for the filing of personal income tax returns by 3 months from 31st of March to 30th of June...

The Finance Act 2020 amends section 18 of the Nigeria Export Processing Zones Act and the Oil and Gas Export Free Zone Act to require all entities ...

The LIRS has extended the deadline for employers to file their annual returns from 31 Jan to 8 Feb 2019.