TAT ORDERS CONTAINED ENERGY SERVICES LIMITED TO PAY NGN24,792,954.98 TO LSBIR
The Tax Appeal Tribunal (TAT or “the Tribunal”) on 18 November 2022, ordered CONTAINED ENERGY SERVICES LIMITED (“the Respondent”) to
Continue readingCategory: Uncategorized
TAT RULES ON VARIOUS TAXES IN THE CASE BETWEEN FIRS AND MCKINSEY AND COMPANY
On 17 November 2022, the Tax Appeal Tribunal (TAT or “the Tribunal”) handed a decision in the tax appeal brought
Continue readingFIRS Regulations on the taxation of institutions in Nigeria that provide non-interest financial goods and services
The Federal Inland Revenue Service (FIRS or “the Service”) recently published the Non-Interest Finance (Taxation) Regulations 2022, which set a framework for
Continue readingTAT RULES ON TAX ON NON-RESIDENT COMPANY AND STAMP DUTY
On October 18, 2022, the Tax Appeal Tribunal issued a decision regarding the non-resident company’s payment of tax and stamp
Continue readingOfficial Gazette of Nigeria Startups Act 2022
The Nigerian Senate passed the Nigerian Startups Bill on July 20, 2022, and this was signed into Law by President
Continue readingPenCom approves using the RSA balance for a mortgage
The Nigerian Pension Commission (PenCom) on 23 September 2022 announced final approval for pension contributors in active employment to use
Continue readingTAT RULES IN A CASE BETWEEN DANGOTE AND FIRS
The Tax Appeal Tribunal has given a judgment in the case of DANGOTE INDUSTRIES LIMITED-APPELLANT AND FEDERAL INLAND REVENUE SERVICE-.RESPONDENT FACT OF THE CASE
Continue readingFIRS ISSUE CIRCULAR ON NASENI LEVY
The Federal Inland Revenue has issued a circular on NASENI Act. This Circular clarifies how the charge that can be collected
Continue readingThe Tax Effect of a Specific Transaction on Free Trade Zones
The NEPZ Authority (NEPZA) is vested with general responsibility for administering and managing all Free Zones within the country and
Continue readingFIRS EXTENDS SUBMISSION OF INCOME TAX RETURNS 2022
The Federal Inland Revenue Service (FIRS) stated today that the deadline for filing Companies Income Tax (CIT) filings and paying
Continue reading