For many Nigerians, moving abroad meant a clean break from Nigerian tax obligations. Once overseas, tax responsibilities were generally understood to follow income and activity, not family or property left behind. That is no longer [...]
AELEX’s reputation as one of Nigeria’s foremost tax law firms has once again been reaffirmed in the 2025 International Tax Review (ITR) World Tax Rankings. The firm achieved Tier 1 rankings in both Tax Controversy [...]
AELEX has emerged winner of the prestigious Transfer Pricing Firm of the Year (Nigeria) Award. The announcement was made at the ITR EMEA Tax Awards ceremony in London, on 18th September 2024, celebrating the most [...]
President Bola Ahmed Tinubu transmitted the Tax Reform Bills to the National Assembly for consideration in October 2024. The Bills aim to promote uniform procedures for the consistent and efficient administration of tax laws, facilitating [...]
Nigeria has overhauled its nearly half-century-old regime on the administration of withholding tax (WHT) with the signing of the Deduction of Tax at Source (Withholding) Regulations 2024 by the Minister of Finance. [...]
The effectiveness of tax laws lies primarily in the coercive powers of tax authorities to enforce compliance and penalties for default, and not an altruistic or patriotic disposition of taxpayers to contribute to the public [...]
The FIRS has recently issued letters to owners, and in some cases, charterers of oil tankers used to export crude oil and LNG from Nigeria in connection with back taxes from 2010-2019. It appears that [...]
The Finance Act 2023 (the “Act”) was signed into law on 28 May 2023 by former President, Muhammadu Buhari, GCFR. The Act provides that the amendments therein come into force on “1 May 2023 or [...]
The International Fiscal Association – Africa Region, Invites you to its Webinar on “Double Tax Treaties in Africa’’. It is set to hold on Friday 2nd June 2023. This will be a major debate on [...]
How Can Time to File a Tax Assessment Appeal Be Extended? A taxpayer is required to appeal a tax assessment within 30 days of receipt of a Notice of Refusal to Amend the assessment or [...]
The decision of the FHC in Accugas v. FIRS against the retrospective application of the provisions of the Finance Act 2019 The decision of the Court of Appeal in FIRS v. AG Lagos and The [...]
On 27 June 2022, AELEX secured a landmark judgement for Accugas Limited (“Accugas”) at the Abuja Division of the Federal High Court (“the “FHC) by moving the FHC to hold that the Finance Act, 2019 [...]
AELEX is the exclusive contributor on the Nigerian Chapter of the 12th edition of The Inward Investment and International Taxation Review. The guide provides an overview of tax laws and regulations applicable in Nigeria and [...]
The value-added services (VAS) subsector in Nigeria is projected to generate USD500 million by the end of 2021. The subsector, which is regulated by the Nigerian Communications Commission, requires licences and approval before any intending player [...]
We are delighted to have contributed to the Nigeria Chapter of Corporate Tax 2021, a global corporate tax guide published annually by Chambers and Partners. The Chapter was jointly authored by Theophilus Emuwa and Jibrin Dasun. This [...]
ǼLEX is the author of the Nigeria chapter of the Chambers Doing Business In...2020 Guide. The Chapter offers insight on Nigeria's legal system - including laws on employment, tax, competition, data protection, intellectual property as [...]
On 13 January 2020, President Muhammadu Buhari signed the Finance Bill, 2019 (now Finance Act, 2019) into law. The Act made significant changes to legislation such as the Companies Income Tax Act, Value Added Tax [...]
In its recent decision in AllanGray Investment Management Nigeria Limited v Federal Inland Revenue Service, the Tax Appeal Tribunal (TAT) held that a foreign company (which engages an agent in Nigeria to provide marketing or distribution services) [...]
On 13 January 2020, the President of the Federal Republic of Nigeria, His Excellency Muhammadu Buhari, assented to the Finance Bill (“the Finance Act”) which made substantial amendments to the primary tax legislation in Nigeria. [...]
In a bid to shore up its revenue base to finance the 2020 budget, the executive arm of the Federal Government of Nigeria has expressed its intention to increase the chargeable rate of value added [...]
