We understand that the Acting Head of the Federal Inland Revenue Service (FIRS), Mr Samuel Ogungbesan has been relieved of his duties.

I have uploaded below a copy of my article published in the BusinessDay Newspaper on Monday 10 February for your reading pleasure.

In a bid to protect the general public when investing in crowdfunding platforms for underlying Micro, Small, & Medium Enterprises ("MSME"s), the SEC recently released a draft of the Proposed Rules on Crowdfunding (the "Rules").

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

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

Section 27(i) of the Companies Income Tax Act disallows "any expense of any description incurred outside Nigeria for and on behalf of any company except of a nature and to the extent that the Board ("FIRS") may consider allowable".

To the extent that the foreign provider is not carrying on business in Nigeria, there is no legal obligation to register for, or charge Nigerian VAT.

The National Assembly has passed the 2016 Budget of the federal government of Nigeria.

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 Federal Government through the Minister for Trade, Investment and Industry recently suspended the Codes of Corporate Governance issued by the Financial Reporting Council of Nigeria pending when some queries raised are answered.

Are you wondering what additional cost you may have to incur to comply with the 2014 Pension Reform Act?

Very recently, the Federal Inland Revenue Service [FIRS] has turned its focus to enforcement of stamp duties.

The Nigeria Immigration Service (NIS) recently deported some expatriates for abuse of work permits.

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.

Growth in the non-oil sector (89.7% of GDP) has been the main driver of Nigeria's economic growth (5-year average: 6.2%), and employment.

Yesterday (17 August 2017), Nigeria became a signatory to two major international multilateral instruments to address tax avoidance and evasion. These are the OECD's Multilateral Convention...

The Court of Appeal has reversed the decision of the Federal High Court ("FHC") in Stanbic IBTC Holdings Plc ("Stanbic") v Financial Reporting Council of Nigeria (FRCN) & Anor (2015)

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

As we count down to the end of 2018 with excitement, the taxman is also counting down and may be excited for a different reason.