Creation Of The AfCFTA: Tax Leaks & Economic Implications For Nigeria Proem Forty-four (44) member states of the African Union (“AU”) signed the Agreement,… February 2, 202091Views0Comments
Proper Exercise Of The Powers Of The FIRS To Freeze Defaulting Taxpayers’ Accounts And Appoint Banks As Tax Collecting Agents Background Section 31(1) of the Federal Inland Revenue Service (Establishment) Act, 2007 (the… January 19, 2020164Views0Comments
Validity Of Consumption Taxes Imposed By State Governments In Nigeria: Has The Federal High Court Decision In Hotel Owners Case Settled The Controversy? Introduction The Federal High Court, Lagos Division (“FHC” or the “Court”), recently decided… December 14, 2019108Views0Comments
Examining The Limits Of Tax Planning & Management In Nigeria Introduction Tax planning and management refers to the processes and schemes by which… November 28, 2019149Views0Comments
Tax Appeal Tribunal Delivers Landmark Decision On Threshold For Exported Service Under Nigerian Tax Law Introduction The Tax Appeal Tribunal, Lagos Zone (“TAT” or the “Tribunal”), recently held… November 24, 2019151Views0Comments
Finance Bill 2019: Tax Implications for Nigerian Entities Introduction On Thursday, November 21, 2019, the Finance Bill 2019 (the “Bill”) was… November 21, 2019181Views0Comments
Stabilization Clauses In Production Sharing Contracts – How Relevant In The Light Of Amendments To The Deep Offshore & Inland Basin (Production Sharing Contract) Act? Whilst presenting the 2020 budget to the National Assembly on October 8, 2019,… November 6, 2019107Views0Comments
Central Bank Of Nigeria Automates Nigerian Export Proceeds Form (“Form NXP”) For Commercial Exports On Monday, October 28, 2019, the Central Bank of Nigeria (“CBN”), pursuant to… November 3, 2019179Views0Comments
It Is Unconstitutional To Finalize A Tax Assessment Where The Taxpayer Is Denied The Statutory Right To Object: Tax Appeal Tribunal Holds On Friday, September 27, 2019, the Tax Appeal Tribunal, Lagos Zone (“TAT” or… October 20, 2019111Views0Comments
Tax Appeal Tribunal Rules On Applicability Of An Executive Order Granting Tax Exemption And When A Tax Assessment Becomes Final And Conclusive Introduction The Tax Appeal Tribunal, Lagos Zone (“TAT” or “Tribunal”), in United Capital… October 13, 2019150Views0Comments
Tax Appeal Tribunal Rules On Validity Of Electronic Service Of Objection Against Tax Assessment, Penalty For Filing Incorrect Tax Returns, And Related Matters Introduction The Tax Appeal Tribunal, Lagos Zone (“TAT” or the “Tribunal”), in Earth… October 5, 2019143Views0Comments
New Regulatory Frameworks To Govern Electronic Payments & Collections And Issuance Of Bankers Acceptances & Commercial Papers In Nigeria The Central Bank of Nigeria (“CBN”) is the apex regulator of Nigeria’s monetary and… October 3, 2019146Views0Comments