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 & […]
January 18, 2019

Court Of Appeal Holds That A Company Limited by Shares That Is Engaged In Educational Activities Is Not Exempted From Income Tax Under Section 23(1)(c) OF CITA

1. Introduction On 11th of December 2018, the Court of Appeal affirming the decision of the Federal High Court, in […]
December 4, 2018

High Court Holds that the TAT is the Proper and Only Venue to Commence an Action Challenging Any Tax Assessment Arising from the Personal Income Tax Act

1. Introduction On 13th November 2018, the High Court of Lagos State in LIRS v. Ecoserve Limited (Suit No.: LD/REV/239/2013), […]
November 28, 2018

Supreme Court of Nigeria Holds That It Can Exercise Original Jurisdiction on Disputes Between the States and the Federation Arising From Production Sharing Contracts

Introduction On 20th July 2018, the Supreme Court held that its original jurisdiction can be invoked in instances where the […]
November 22, 2018

Turnover Assessment: Tax Treatment of Recharges under Companies Income Tax Act

ABSTRACT The object of this article is to examine the Tax Treatment of Recharges on Assessment based on Turnover (Turnover […]
November 7, 2018

Federal Government Launches Voluntary Offshore Assets Regularization Scheme

On Monday, 8th October 2018, President Muhammadu Buhari signed an executive order (EO 008) launching the Voluntary Offshore Assets Regularization […]
August 30, 2018

FHC Holds That It Is Utra-Vires The Powers Of The TAT To Classify As Royalty, Payments Classified By The Minister As Penalty For Gas Flaring

Introduction Once again, the vexed issue of the tax treatment of gas flaring penalties paid by companies that flare associated […]
August 20, 2018

Legal Issues Arising From The Appointment Of Banks As Agent For Tax Collection By FIRS

Introduction Recently, Federal Inland Revenue Service (FIRS) notified some commercial banks in Nigeria that they are to act as agents […]

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