INFORMATION CIRCULAR ON THE CLAIM OF TAX TREATIES BENEFITS AND COMMONWEALTH TAX RELIEF IN NIGERIA
The Federal Inland Revenue Service (FIRS) has issued Circular 2022/05, on change of claims tax treaty benefits in Nigeria. The
Continue readingAA TAX CONSULTANCY
TAT maintains the FIRS Establishment Act, which governs tax appeal security deposits, above the TAT (Procedure) Rules 2021.
The Tax Appeal Tribunal (TAT or “the Tribunal”) sitting in Lagos ruled on Tuesday, March 8, 2022, in Investment Holdings
Continue readingTAT RULES INPUT VAT CAN BE CLAIMED ON NATURAL GAS SHORT TERMS SPARES AND OTHER CONSUMABLE
On February 10, 2022, the Tax Appeal Tribunal (TAT) Lagos Zone delivered a judgment in favor of Chi Limited in
Continue readingPAYMENT OF INCOME TAX ON PROFIT FROM BONUS
The Federal Inland Revenue Service has issued a public notice stating that income tax will be levied on bond income
Continue readingEXPATRIATE QUOTA GUIDELINES HAVE BEEN UPDATED
The Ministry of Interior issued an important public notice on the administration of expatriate quotas in Nigeria on January 24,
Continue readingWithdrawal of Suspension of implementation of Regulation 4 of the Income Tax (Country-by-Country Reporting) Regulations, 2018
The Federal Inland Revenue Service (FIRS) issued a Public Notice (“the Notice”) suspending the local filing obligations under Regulation 4
Continue readingWithholding Tax is applicable on management fees on Non-Resident Companies TAT Rules
The Tax Appeal Tribunal sitting in Lagos on 6 December 2021 ruled that Withholding Tax is applicable on management fees
Continue readingProposed Finance Bill 2021 and Changes to Other Tax
The proposed Finance Bill 2021 seeks to amend the Capital Gains Tax Act, Companies Income Tax Act, Personal Income Tax
Continue readingTAT rules on the applicability of VAT and other taxes on airlines in Nigeria
The Tax Appeal Tribunal (TAT) sitting in Lagos, on 10 June 2021 delivered a judgment in a matter between Kenya
Continue readingCOURT UPHOLDS STATE GOVERNMENT’S POWERS TO COLLECT VAT
A Federal High Court sitting in Port Harcourt in his ruling on Monday 9 August 2021 has ruled that it
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