tax

Call for Court to Overturn VAT on Food Sold in Restaurants and Hotels in Nigeria

Call for Court to Overturn VAT on Food Sold in Restaurants and Hotels in Nigeria

Chief R.O. Balogun, a Senior Advocate of Nigeria, has approached the Federal High Court in Ilorin, Kwara State, to challenge… Read More

5 months ago

Lagos state’s 2025 tax reforms set to boost SMEs, drive growth

  The Lagos State Employment Trust Fund (LSETF) has forecasted 2025 as a pivotal year for Micro, Small, and Medium… Read More

6 months ago

Withholding tax: Relief as Nigerian govt exempts SMEs, farmers, manufacturers

Key Points Key sectors, including small businesses, manufacturers, and farmers, are exempt from withholding tax, reducing their tax burden and… Read More

1 year ago

A Review of NDDC v. Rivers State Board of Internal Revenue

According to the Nigerian Bureau of Statistics, PAYE remittances remain the most significant contributor of tax revenue to States.  In… Read More

4 years ago

Addendum – ‘Withholding Tax: The A-Z of Grossing-Up’

Introduction: In my 2010 ‘Taxspectives’ article, ‘Withholding Tax: The A-Z of Grossing Up’,[1] (the Article), I argued that gross-up clauses… Read More

4 years ago

Nigerian Adverts on CNN: Advertisers Kick Against the “Lai Tax”

In 2019, such companies spent N114 billion, roughly equivalent to the budget of Taraba State, on advertising. But because Nigerians,… Read More

4 years ago

‘Rendezvous’: Implications of Tax Provisions of Nigeria’s Finance Act (No.2) 2020 for Non-Residents

The FA2 2020 is arguably the widest scope and most far-ranging tax amendment legislation in recent history, if not overall… Read More

4 years ago

IMF Says Nigeria’s Tax Collection Amongst “Lowest in the World”

Nigeria’s government must improve revenue collection especially through its tax policy, which is currently among the lowest in the world,… Read More

5 years ago

Recession: Tax the Ultra-wealthy to Protect Poor Nigerians – Atiku Advises Buhari

Following the sliding of Nigeria into a second recession in five years and the worst in almost four decades, former… Read More

5 years ago

FGN, 2020 Finance Bill Will Not Increase Taxes

“As experts have frequently pointed out, the solution to increasing Nigeria’s tax revenue is to widen the tax base rather… Read More

5 years ago

Pay Your Taxes, LIRS Urges BBNaija Winner, Laycon

The winner of the just concluded Big Brother Naija, a reality TV show of about 20 housemates, Olamilekan Agbeleshebioba aka… Read More

5 years ago

‘Meddling’: The House of Representatives and Tax Investigations

  Introduction In May 2012, I wrote an article, ‘Can the House of Representatives Order Tax Audits?’ where I argued… Read More

5 years ago