As the Nigerian government continues its revenue drive, questions on the exercise of fiscal powers continue to arise. In Wheatbaker Investments and Properties Limited v. Economic and Financial Crimes Commission...
The FIRS in a recent public notice requested that all companies submit their Certificates of Fixed Assets Acceptance (CAFA) on Qualifying Capital Expenditures (QCEs) for capital allowances enjoyed between 2016...
In what may be regarded as a breakthrough for players in the manufacturing sector in Nigeria, the Tax Appeal Tribunal provided clear parameters for the determination of “Stock in Trade”...
With the birth of the Petroleum Industry Act which had spent 16 years in incubation; the yearly visitor – the Finance Act, which has become the new normal under the...
With the expiration of the tax exemption orders on debt securities after a 10-year life span, the coming months present a relatively new tax compliance atmosphere for operators and participants...
The President Muhammadu Buhari led federal government in a bid to keep its promise of a yearly Finance Act has presented the Finance Bill for consideration and passage by the...
The Finance Act 2019 heralded the introduction of a new framework for the taxation of e-commerce in Nigeria and this was to be based on the Significant Economic Presence (SEP)...
The Honourable Minister of Finance, Budget and National Planning, in the exercise of powers granted in section 38 of the Value Added Tax Act Cap V1 LFN 2004 (VATA or the Act)...
Following the passage of the Finance Act 2019, the Federal Inland Revenue Service (FIRS or the Service) has released several circular providing clarification on certain provisions of extant tax laws...
With the introduction of sweeping changes to the provisions of existing tax laws in Nigeria by the Finance Act 2019 (the Act), it has become necessary for the Federal Inland Revenue...
As the Nigerian government continues its revenue drive, questions on the exercise of fiscal powers continue to arise. In Wheatbaker Investments and Properties Limited v. Economic and Financial Crimes Commission...
The FIRS in a recent public notice requested that all companies submit their Certificates of Fixed Assets Acceptance (CAFA) on Qualifying Capital Expenditures (QCEs) for capital allowances enjoyed between 2016...
In what may be regarded as a breakthrough for players in the manufacturing sector in Nigeria, the Tax Appeal Tribunal provided clear parameters for the determination of “Stock in Trade”...
With the birth of the Petroleum Industry Act which had spent 16 years in incubation; the yearly visitor – the Finance Act, which has become the new normal under the...
With the expiration of the tax exemption orders on debt securities after a 10-year life span, the coming months present a relatively new tax compliance atmosphere for operators and participants...
The President Muhammadu Buhari led federal government in a bid to keep its promise of a yearly Finance Act has presented the Finance Bill for consideration and passage by the...
The Finance Act 2019 heralded the introduction of a new framework for the taxation of e-commerce in Nigeria and this was to be based on the Significant Economic Presence (SEP)...
The Honourable Minister of Finance, Budget and National Planning, in the exercise of powers granted in section 38 of the Value Added Tax Act Cap V1 LFN 2004 (VATA or the Act)...
Following the passage of the Finance Act 2019, the Federal Inland Revenue Service (FIRS or the Service) has released several circular providing clarification on certain provisions of extant tax laws...
With the introduction of sweeping changes to the provisions of existing tax laws in Nigeria by the Finance Act 2019 (the Act), it has become necessary for the Federal Inland Revenue...