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Nigeria
Andersen in Nigeria
A predictable tax environment and consistent tax policy administration are essential for encouraging business growth, attracting foreign investment, and boosting national economic development.
SimmonsCooper Partners
To simplify business operations, the Federal Government of Nigeria made significant changes
to the Companies and Allied Matters Act 2020 ...
SimmonsCooper Partners
Stamp duties are indirect taxes/charges for a stamp or seal applied on a written or electronic document which if executed, makes it a legal document and will be admissible in any court of law.
Andersen in Nigeria
Managing wealth for High-Net-Worth Individuals (HNIs) can be complex. Having significant assets and income stream / sources can bring undeniable advantages, but it can also present complex tax challenges...
Templars
On 6 March 2024, the President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, executed Policy Directives aimed at enhancing the investment climate in Nigeria.
The Trusted Advisors
Corporate taxes are taxes levied on companies or other legal entities that are doing business in Nigeria. They are usually deducted from a company's profits.
Ajumogobia & Okeke
Recently, the Federal Inland Revenue Service ("FIRS") served tax assessments on international shipping companies that are considered to have generated income liable to Nigerian tax.
SimmonsCooper Partners
In Nigeria, the adherence to personal income tax obligations by employers is a cornerstone of corporate fiscal responsibility. This legal obligation as outlined in the Personal Income Tax Act...
SimmonsCooper Partners
Taxation in Nigeria operates under a detailed legal framework, including various Statutes, Acts, and Decrees, which outline the structure of the tax system and identify the responsible bodies.
Sobowale, Medidem & Bello
In an article titled, "Banks as Collecting Agents for FIRS – A Conundrum", I discussed issues arising from the Federal Inland Revenue Service (FIRS)'s recent tax substitution directives...
Templars
A major highlight of 2023 was the general election which ushered in a new government. Importantly, while as a final act, the outgoing government passed the Finance Bill 2023...
Bomes Resources Consulting
As the first month in 2024 draws to an end, businesses are reminded to file their 2023 employer tax return.
LeLaw Barristers & Solicitors
On 14th August 2019, FIRS issued a Public Notice (the FIRS Notice) in Nigerian newspapers, titled "…Deduction at Source of WHT/VAT on Compensation Paid to Agents, Dealers, Distributors and Retailers by Principal Companies".
K.Esther Consulting
Annual Tax returns is an obligatory return that the State Internal Revenue Service expect from individuals and employers of individuals every year...
Bloomfield Law
It was recently reported that some international shipping companies engaged in Nigerian trade may be considering terminating their operations in the country, with the largest economy in Africa...
Andersen in Nigeria
In recent years, Nigeria has been developing its Transfer Pricing (TP) regime to align with international standards and combat tax evasion.
KPMG Nigeria
The Federal Ministry of Finance, through the Office of the Honorable Minister of Finance and Coordinating Minister of the Economy (‘the Minister'), recently released a Circular...
KPMG Nigeria
On Saturday, 2nd December 2023, a wheelbarrow pusher stabbed a government revenue official in Benin City (Edo State) and instantly turned the same knife on himself.
Alliance Law Firm
The digital economy is growing at a rapid rate. As of 2016, the digital economy was worth an estimated 11.5 trillion dollars worldwide, equivalent to 15.5 per cent of the global GDP.
Andersen in Nigeria
During October 2021, over 135 jurisdiction, which represents more than 90 percent of the cumulative global GDP unanimously agreed to a major international tax reform to address the challenges...
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