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. [...]
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) [...]
Following its earlier expression of interest to go after alleged tax defaulters with huge funds in Nigerian banks, the Federal Inland Revenue Service (FIRS) recently started issuing letters to commercial banks, appointing them as tax collection [...]
One of the many ways in which a company can encourage its employees to contribute to its success is to align the employees’ financial interest with that of the company. This alignment can be achieved by [...]
The Lagos State Internal Revenue Service (LIRS) issued the Hotel Occupancy and Restaurant Consumption (Fiscalisation) Regulation (“the Regulation”) in December 2017. The Regulation was made pursuant to Section 9 of the Hotel Occupancy and Restaurant Consumption [...]
