Proposed 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 readingAA TAX CONSULTANCY
TAT 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
Continue readingPETROLEUM INDUSTRY BILL TAX IMPLICATION ON UPSTREAM COMPANIES IN NIGERIA
We are pleased to provide the highlights on the Petroleum Industry Bill the tax implication on Exploration and Production (“E&P”)
Continue readingExtension of submission of 2020 accounts till 31 July 2021
The Federal Inland Revenue Service (“FIRS” or “the Service”) has extended the deadline for filing 2020 from 30 June 2021 to 31
Continue readingLIRS Issues Public Notice on Amendments to PITA. Definition of Gross Income
The Lagos State Internal Revenue Service (LIRS) has issued a Public Notice on the revised definition of gross income and
Continue readingINTRODUCTION OF TAX ADMINISTRATION SOLUTION(TAXPROMAX)
The Federal Inland Revenue Service has issued a public notice informing the taxpayer that from 7 June 2021 all taxpayers
Continue readingSuspension of implementation of Regulation 4 of the Income Tax (Country-by-Country Reporting) Regulations, 2018
The Federal Inland Revenue Service (FIRS) has issued a Public Notice suspending the local filing obligations under Regulation 4 of
Continue readingFIRS PUBLIC NOTICE ON OUTSTANDING TAXES
The Federal Inland Revenue Service (FIRS) issued a Public Notice on May 3, 2021, by informing the taxpayers that have
Continue readingFIRS Public Notice on filing Capital Gains Tax Returns
The Service has issued a public notice on Capital Gain Tax to taxpayers who disposed of a chargeable asset to compute
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