Reconciliation of Tax Position vis-à-vis Withholding Tax Utilization

August 17, 2018

Summary The Federal Inland Revenue Service (FIRS) has commenced an exercise for the review of taxpayers’ unutilised withholding tax (WHT) […]

FIRS to Manage Defaulting Taxpayers’ Bank Accounts

Summary The Federal Inland Revenue Service (FIRS) recently started issuing letters to commercial banks, directing them to set aside alleged […]

Federal High Court Rules that Telecommunication Mast Sites do not Constitute Business Premises for Tax Purposes

August 2, 2018

Summary The Federal High Court (FHC) recently held, in the case between IHS Nigeria Limited (IHS) vs Attorney General of […]

FIRS Issues Notice to Taxpayers with Annual Turnover of N1 Billion and above

July 27, 2018

Summary On 24 July 2018, the Federal Inland Revenue Service (FIRS) issued a Public Notice (PN) addressed to taxpayers with […]

Lagos State High Court Rules on Power to Determine Matters Relating to Personal Income Tax

July 20, 2018

Summary On 20 June 2018, in the case between Chemiron International Limited (Chemiron) vs Lagos State Board of Internal Revenue […]

FIRS Issues Administrative Documents for the New Income Tax (CbCR) Regulations in Nigeria

July 16, 2018

Summary On 11 July 2018, the Federal Inland Revenue Service (FIRS) released some administrative documents to aid in the implementation […]

Federal Government Reconstitutes the Tax Appeal Tribunal

July 13, 2018

The Federal Government has reconstituted the Tax Appeal Tribunal (TAT) across the six geopolitical zones as well as Lagos State […]

Federal High Court Upholds NOSDRA’s Powers to Impose Sanctions Without Recourse to the Court

July 9, 2018

Summary On 24 May 2018, the Federal High Court (FHC) upheld the powers of NOSDRA to impose sanctions without recourse […]

Federal Government Releases Income Tax (Country by Country Reporting) Regulations

June 20, 2018

The Federal Inland Revenue Service (FIRS) has released the Income Tax (Country by Country Reporting) Regulations, 2018 (the Regulations) which […]

Federal Executive Council Approves Two Executive Orders and Five Amendment Bills

June 7, 2018

Summary On 6 June 2018, the Federal Executive Council (FEC) approved two Executive Orders and five Amendment Bills. Amongst other […]

Federal High Court: Payments for Gas Flaring without Prior Permission of the Minister are not Tax-Deductible

June 1, 2018

Summary On 26 March 2018, the Federal High Court (FHC) held, in a case between the Federal Inland Revenue Service […]

Senate Passes Companies and Allied Matters Act (Repeal and Re-enactment) Bill 2018

May 22, 2018

Summary On 15 May 2018, the Senate passed the Companies and Allied Matters Act (Repeal and Re-enactment) Bill 2018 (The […]

National Assembly Commences Public Hearing on Petroleum Industry Reform Bills

May 17, 2018

Summary On Wednesday, 15 May 2018, the lower house of the National Assembly, the House of Representatives, commenced a Public […]

High Court Prohibits Collection of Tenement Rates in the Federal Capital Territory

May 8, 2018

Summary On 12 April 2018, the High Court of the Federal Capital Territory (the Court), Abuja held that the collection […]

NERC Issues “Meter Asset Provider” Regulations

April 24, 2018

Summary The Nigerian Electricity Regulatory Commission (NERC or the Commission) issued the Meter Asset Provider (MAP) Regulations 2018 (Regulations) on […]

Senate Passes Industrial Development (Income Tax Relief) Act (Amendment) Bill 2018

Summary The Senate passed the Industrial Development (Income Tax Relief) Act (Amendment) Bill 2018 (The Bill) on 12 April 2018. […]

Presidency Signs Two Instruments of Ratification

April 19, 2018

Summary President Muhammadu Buhari has given his assent to Nigeria’s Double Tax Agreement (DTA) with Singapore and a Memorandum of Understanding […]

Supreme Court Rules on Supremacy of VAT Act Over Lagos State Sales Tax Law

April 16, 2018

Summary On 8 December 2017, the Supreme Court affirmed the Court of Appeal’s decision on the illegality of Sales Tax collection. […]

Federal Government Extends VAIDS Deadline to 30 June 2018

April 12, 2018

The Federal Government has extended the deadline for the Voluntary Assets and Income Declaration Scheme (VAIDS or ‘the Scheme’) to 30 […]

Filing of Annual Returns of Income and Claims Falls Due on 31 March 2018

March 26, 2018

Summary The deadline for filing PIT returns for the 2017 tax year is 31 March 2018. The requirement to file […]

Federal Government Increases Excise Duty Rates for Tobacco and Alcoholic Beverages

March 15, 2018

Summary President Muhammadu Buhari has approved an increase in the excise rates on tobacco and alcoholic beverages effective 4 June […]

Federal Government Identifies 130,000 High Net Worth Individuals and Companies with Potential Tax Underpayments

March 7, 2018

On Tuesday, 6 March 2018, Nigeria’s Honourable Minister of Finance, Mrs. Kemi Adeosun, stated in a televised broadcast that the […]

National Pension Commission Issues Public Notices on Compliance with the Pension Reform Act, 2014

Summary The National Pension Commission (PENCOM) recently issued two separate Public Notices (PNs) to employers and employees on certain compliance […]

The LIRS to Commence Automated Monitoring of Consumption Tax

February 22, 2018

The Lagos State Internal Revenue Service (LIRS) recently issued the Hotel Occupancy and Restaurant Consumption (Fiscalisation) Regulation (the Regulation), in […]

United Kingdom Introduces New Unexplained Wealth Orders

February 17, 2018

The United Kingdom (UK) government recently amended the Proceeds of Crime Act 2002, via the UK Criminal Finances Act, 2017 (the […]

Personal Income Tax Act (Amendment) Bill 2018

February 15, 2018

A Personal Income Tax Act (Amendment) Bill 2018 (the Bill) was recently presented before the House of Representatives for deliberation. […]

FHC Ruling on Vodacom v. FIRS on Supply of Bandwidth Capacities

February 13, 2018

Summary The Federal High Court (FHC), on 19 December 2017, affirmed the decision of the Tax Appeal Tribunal (TAT or […]

FCT-IRS Commences Operations – Issues New Data Collection Forms

February 2, 2018

In line with a recently issued Joint Statement by the Federal Inland Revenue Service (FIRS) and the Federal Capital Territory […]

FGN Signs the Income Tax (Country-by-Country Reporting) Regulations

January 25, 2018

The Federal Inland Revenue Service (FIRS) through its official twitter handle communicated that the Income Tax (Country by Country Reporting) […]

House of Representatives Passes Petroleum Industry Governance Bill

January 22, 2018

The House of Representatives passed the Petroleum Industry Governance Bill (PIGB) on Wednesday, 17 January, 2018; almost 8 months after […]

Filing of 2017 Employees’ Annual Returns

January 17, 2018

As you may be aware, Section 81(2) of the Personal Income Tax Act CAP P8 LFN 2004, as amended, (PITA) […]

Andersen Global Initiates Expansion in Tanzania

December 9, 2017

Andersen Global is proud to announce its collaboration with East African Law Chambers, a leading legal and tax firm in […]

Andersen Global Announces Expansion in Uganda

November 25, 2017

Andersen Global is proud to announce a presence in Uganda by way of a Collaboration Agreement with Ligomarc Advocates, a […]

Andersen Global Initiates Expansion in Kenya

October 8, 2017

Andersen Global is pleased to announce a new presence in Africa through a collaboration with Nexus Business Advisory Limited (Nexus), […]

Andersen Tax Debuts in Africa

July 8, 2017

Andersen Tax makes its debut in Africa as the former Partners of WTS ADEBIYI & Associates, a tax firm based […]