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May 5, 2020
In its latest Interim Economic Outlook of March 2020, the Organisation for Economic Co-operation and Development (OECD) warns that the COVID-19 Pandemic (“the Pandemic” or “the Virus”) is the global...
March 27, 2020
Given the gross reduction in the volume of economic activities in most countries, including Nigeria; and in some cases, a complete halt, the Coronavirus pandemic (the Pandemic) is bound to...
March 26, 2020
In a bid to ameliorate some of the potential impacts of the pandemic on businesses in Nigeria, the Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Muhammed Nami...
February 14, 2020
With the Nigerian fiscal landscape constantly in a state of flux and the frequent push and pull by the government aimed at improving the economic fortunes of the country, the...
October 24, 2019
By a public notice (“the Notice”) issued by the Federal Inland Revenue Service (“the Service” or “FIRS”), a tax office-specific and peculiar to Non-Resident persons as defined under Nigerian law...
September 26, 2019
The Tax Appeal Tribunal (“TAT“) on 17.09.19, sitting in Lagos, in the matter of Earth Moving International v. Federal Inland Revenue Service1, delivered judgement to the effect that; (x) a...
September 12, 2019
The President of the Federal Republic of Nigeria recently passed into law the Nigerian Police Trust Fund Establishment Act 2019. (NPTFEA or the Act). The NPTFEA creates a Special Intervention...
August 23, 2019
The Federal Inland Revenue Service (“FIRS”), in a Public Notice, issued a guidance to the public and taxpayers in general on Withholding Tax (“WHT”) and Value Added Tax(“VAT”) deductible on...
July 12, 2019
BACKGROUND The National Assembly of the Federal Republic of Nigeria in 2017 passed the National Lottery Amendment Bill (the Bill) for the amendment of the National Lottery Act 2005 into...
June 17, 2019
The Value Added Tax (“VAT”) exemption currently enjoyed on commissions (a) earned on the traded value of shares; (b) payable to the Securities and Exchange Commission; (c) payable to the...
May 5, 2020
In its latest Interim Economic Outlook of March 2020, the Organisation for Economic Co-operation and Development (OECD) warns that the COVID-19 Pandemic (“the Pandemic” or “the Virus”) is the global...
March 27, 2020
Given the gross reduction in the volume of economic activities in most countries, including Nigeria; and in some cases, a complete halt, the Coronavirus pandemic (the Pandemic) is bound to...
March 26, 2020
In a bid to ameliorate some of the potential impacts of the pandemic on businesses in Nigeria, the Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Muhammed Nami...
February 14, 2020
With the Nigerian fiscal landscape constantly in a state of flux and the frequent push and pull by the government aimed at improving the economic fortunes of the country, the...
October 24, 2019
By a public notice (“the Notice”) issued by the Federal Inland Revenue Service (“the Service” or “FIRS”), a tax office-specific and peculiar to Non-Resident persons as defined under Nigerian law...
September 26, 2019
The Tax Appeal Tribunal (“TAT“) on 17.09.19, sitting in Lagos, in the matter of Earth Moving International v. Federal Inland Revenue Service1, delivered judgement to the effect that; (x) a...
September 12, 2019
The President of the Federal Republic of Nigeria recently passed into law the Nigerian Police Trust Fund Establishment Act 2019. (NPTFEA or the Act). The NPTFEA creates a Special Intervention...
August 23, 2019
The Federal Inland Revenue Service (“FIRS”), in a Public Notice, issued a guidance to the public and taxpayers in general on Withholding Tax (“WHT”) and Value Added Tax(“VAT”) deductible on...
July 12, 2019
BACKGROUND The National Assembly of the Federal Republic of Nigeria in 2017 passed the National Lottery Amendment Bill (the Bill) for the amendment of the National Lottery Act 2005 into...
June 17, 2019
The Value Added Tax (“VAT”) exemption currently enjoyed on commissions (a) earned on the traded value of shares; (b) payable to the Securities and Exchange Commission; (c) payable to the...