September 6, 2019

Profit From Sale Of Long Term Money Instruments Not Held To Maturity Is Subject To Tax

Introduction On 5th July 2019, in FIRS v. Citibank Nigeria Limited (CA/L/566/2017), the Court of Appeal held that profits from […]
May 21, 2019

Tax Appeal Tribunal Qualifies Its Decision In Weatherford Services S.D.E.R.L. V. FIRS: Interst And Penalty To Apply To Admitted Tax Liability From The Date The Tax Liability Ought To HAVE Been Paid

Introduction On 14th May 2019, the Tax Appeal Tribunal (TAT), Lagos (in Appeal Number: TAT/LZ/PIT/084/2014 – SNEPCO v. Lagos State Board […]
April 7, 2019

Court Of Appeal Sets Aside The Decision Of The FHC That Nigeria LNG Limited Is Exempted From Charges, Fees/Taxes Imposed Pursuant To The Nimasa Act, Cabotage Act, And Sea Protection Levy

1. Introduction On 29th March 2019, the Court of Appeal, Lagos (in Appeal Number: CA/L/1241/2017 between NIMASA v. NLNG & […]

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