TAX
OIL AND GAS TANKERS: TAX DEMAND BY THE FIRS RAISES DUST
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 letters were […]
The Finance Act 2023 | Changes to Tax Legislation and the FIRS’ Stance
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 such […]
Webinar series IFA Africa Region June 2023
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?
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 a Demand Notice. The […]
Tax Developments of 2022
- 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 Registered Trustees […]
AELEX SECURES LANDMARK JUDGEMENT
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 (“FA 2019”), which […]