Nigeria has officially activated its Advance Pricing Agreement (APA) regime with the release of detailed APA Guidelines by the Federal Inland Revenue Service on 27 November 2024. For long, taxpayers...
It has been said that there are decades where nothing happens and weeks where decades happen. This sentiment has never been more relevant than in the 2024 fiscal year. This...
On October 2, 2024, the Nigerian government, through the Minister of Finance and Coordinating Minister of the Economy unveiled the Notice of Tax Incentives on Deep Offshore Oil and Gas...
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...
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...
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...
Nigeria has officially activated its Advance Pricing Agreement (APA) regime with the release of detailed APA Guidelines by the Federal Inland Revenue Service on 27 November 2024. For long, taxpayers...
It has been said that there are decades where nothing happens and weeks where decades happen. This sentiment has never been more relevant than in the 2024 fiscal year. This...
On October 2, 2024, the Nigerian government, through the Minister of Finance and Coordinating Minister of the Economy unveiled the Notice of Tax Incentives on Deep Offshore Oil and Gas...
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...
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...
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...