Nigeria tax articles and tax related publications

Tax Bites - April 2015
Suggested concrete action points for the incoming government in Nigeria and FIRS leadership to consider in order to improve Nigeria’s tax system.

Tax Watch - April 2015
This articles discusses matters arising from the partial or full withdrawal of the tax holiday hitherto enjoyed by some taxpayers in Nigeria.

Tax Data Card Nigeria 2015
Have you ever been in a position where you needed to quickly confirm tax rates, filing deadlines, penalty for default, and other tax obligations? Even if you haven't, don't wait until you are stranded.

Tax Watch - March 2015
This articles highlights critical issues arising from the requirement for non-resident companies to file actual tax returns in Nigeria.

Tax Watch - February 2015
The Nigerian Government has initiated some steps to raise revenue such as the introduction of luxury taxes and the on-going process to review incentives such as pioneer status which has been the subject of abuse.

Tax Watch - January 2015
This is a further review of Nigeria’s 2015 budget and the outlook for the year. It emphasis on the need for government at all levels to carry out necessary reforms and to be prudent in their spendings.

How the past will shape the future
The year 2014 will go down in history as one year in which tax matters was prominent in national and global discourse across the spectrum.

2015 Budget
The 2015 Budget of the Federal Government of Nigeria (FGN) was presented to the National Assembly on 17 December 2014.

Tax Watch - December 2014
Court of Appeal overturns Federal High Court ruling on the treatment of recharge by non-resident companies

Tax Watch - November 2014
Still on the taxation of foreign companies operating in Nigeria Indeed, tough times call for tough measures but we must not lose sight of the need for simplicity.

Tax Watch - October 2014
A Bill known as "Private Companies Conversion and Listing Bill, 2013" is undergoing legislative proceedings at the National Assembly. The Bill seeks to compel private companies to convert to public companies by becoming listed on the Nigerian Stock Exchange (NSE).

Tax Watch - September 2014
The Tax Appeal Tribunal (TAT) passed a judgment on Friday 19 September 2014 in a case between Nigeria Agip Oil Company Limited (Appellant) and the Federal Inland Revenue Service (FIRS) regarding the deductibility of interest on intercompany loans.

Tax Watch - September 2014
One of the major reasons many companies, multinationals and domestic alike, choose to locate their companies outside Nigeria is to avoid the excess dividend tax exposure.

Tax Watch - July 2014
Matters arising from deemed profit basis of taxation and the way forward. The Companies Income Tax Act (CITA) defines a "Nigerian company" as any company incorporated under the Companies and Allied Matters Act or any enactment replaced by that Act.

Tax Watch - August 2014
This thought Leadership provides an insight as to what you should know about the new changes introduced by IFRIC Interpretation 21 on Levies.

Pension Reform Act: The good, the bad and the ugly
According to the federal government of Nigeria, the value of pension assets in Nigeria is about 4.21 trillion Naira at the end of March 2014. Globally the figure is put at over 70 trillion dollars as at the end of 2013.

How to curb tax evasion the American way
Unlike many countries, US citizens and permanent residents (i.e. green card holders) are subject to tax in the United States even if they live abroad indefinitely until the green card is relinquished.

Does size really matter? - Economic and fiscal implications of Nigeria’s rebased GDP
Gross Domestic Product (GDP) is an internationally recognised measure of economy size and strength. It is importance to have up-to-date data so the rebasing is a step in the right direction.

World Economic Forum on Africa 2014
This publication looks at the just concluded World Economic Forum on Africa 2014 and how to use taxation as an enabler to attract and retain investment, forge inclusive growth and create jobs.

Nigeria Tax Bite: May 2014
This publication looks at the requirements of the Nigeria TP regulations for taxpayers to demonstrate, where necessary, actual and proper implementation of what is contained in their TP policies.

Nigeria Tax Bite: April 2014
This publication describes how taxation can be the sustainable life blood of any nation, income from natural resources is only a complement. How countries with no income taxes charge levies and hidden taxes to fund their government.

Transfer Pricing Policy: Paving the way for the journey ahead
You must have heard about transfer pricing by now and possibly have an idea of what it means. In case you haven’t then you have a longer road to travel than many others, but the good news is you can start now and still make it to the finish line in time.

The making of a good e-tax system
Even with technology, you cannot build something on nothing.

Tax Alert: July 2013
The Supreme Court Judgement on Hotel Licensing and Regulation

Transfer pricing - Base erosion and profit shifting (BEPS)
In today’s world, aggressive tax avoidance is the new tax evasion

June 2013: Major changes to the existing pension scheme underway
The new law will cover more employers and will require all affected employees and employers to pay more.

Beyond the 5 trillion Naira revenue collection
Tax authorities must provide useful reports about their performances

Fiscal Fairplay
Why some animals should not be more equal than others

If things must get better the people must know their rights. According to Thomas Jefferson, if a nation is ignorant and yet expects to be free, then it is expecting what never was and never will be
Januray 2013 Nigeria Tax bites to learn more on fiscal fair play

Stimulating employment and infrastructure
How far can tax incentives go? Download the latest tax bites issue to learn more.

Nigeria releases Transfer Pricing Regulations
The Transfer Pricing (TP) regulations give effect to the existing anti avoidance provisions in the income tax laws and provide guidelines for the application of the arm’s-length principle.

What is the ease of paying taxes in Nigeria?
Keeping the fiscal agenda in focus as Nigeria turns 52

Tax Alert: September 2012
A look at the proposed property tax in the FCT

Tax Alert: August 2012
Fiscal regime under the new Petroleum Industry Bill: Revolutionary or business as usual?

Tax Alert: July 2012
Tax waiver on all bonds and short term government securities

Companies Income Tax Exemption and VAT Act (Modification) Orders
So that investment in debt instruments may be tax free...

Economic growth and taxation in Nigeria
Find out what taxation can and cannot do

Tax Administration (Self Assessment) Regulations 2011
Where a taxpayer fails to file returns or pay the tax due, the relevant tax authority shall impose penalties and interest on the taxpayer, agent or employer from the due date of filing as provided in the applicable laws or regulations issued by relevant tax authorities

Proposed amendments to CITA 
A bill to amend the Companies Income Tax Act Cap C21 LFN 2004 (CITA) recently passed the second reading at the National Assembly (Senate).

Tax Alert: May 2012
Find out the latest tax regulations

The Personal Income Tax (Amendment) Act 2011
Implementation and Matters Arising!

What you should know and do about the Personal Income Tax (Amendment) Act 2011
Investors will enjoy 100% exemption on interest income while landlords will pay less on rental income

What you should know and do about the Industrial Training Fund (Amendment) Act 2011
Understanding the guidelines for refund claim

Overview of VAT in Africa
Managing the complexity of Africa’s VAT systems

Nigeria Budget 2012
Fiscal consolidation, inclusive growth and job creations

November 2011
The real cost of fuel subsidy and tax implications

October 2011
The role of taxation in global competitiveness: A case study of Nigeria

Other Tax publications

Paying Taxes 2012
Get the global perspective

Top 50 Tax issues
Planning to do business in Nigeria? Then this publication is a must read