Deloitte partners with European Union’s (EU) Agency for Small and Medium Enterprises

Deloitte is working with European Union’s (EU) Agency for Small and Medium Enterprises on a business matching engagement to aid ten European companies find suitable Nigerian companies with whom they can showcase their diverse portfolios at the upcoming Lagos International Trade Fair, and potentially establish long-term trade partnerships.

Fiscal opportunities of a restructured sports sector: Football as pilot (2)

The Nigerian league system owes its format to the British.  The modern game of association football originated with the formation of the Football Association (FA) in London in 1863 following multiple efforts to standardize the varying forms of the game.[1]

Vacancies in a financial services institution

Our client within the financial services industry seeks to attract suitable candidates in filling the following positions:

Lagos State Internal Revenue Service’s public notices on taxation – examining the impact on taxpayers

The Lagos State Internal Revenue Service (LIRS) has issued eleven (11) public notices in various national newspapers since August 2017. The notices are aimed at providing clarity to taxpayers on LIRS’ interpretations of provisions of the Personal Income Tax Act, as amended (PITA) on specific issues and the level of tax compliance required of every employer and employee in Lagos State.

Fiscal opportunities of a restructured sports sector: Football as pilot (1)

In today’s world, the reality is that sports is a business.  Perhaps this is why there is always that distinction between those who pursue a particular sporting activity as hobbies or means of relaxation from those who derive their livelihood from same platform.

LIRS issues public notice on treatment of savings element on insurance premium

The Lagos State Internal Revenue Service (LIRS) has issued a public notice (the Notice) to clarify the treatment of savings element on insurance premium.

LIRS issues public notice on exemption of compensation of loss of employment

The Lagos State Internal Revenue Service (LIRS) has issued a public notice (the Notice) with respect to the exemption of compensation for loss of employment. The Notice clarifies payments that qualify for tax exemption as “compensation for loss of employment” under Paragraph 26 of the Third Schedule to Personal Income Tax Act (PITA).

LIRS issues public notice on taxation of employee share/stock options

The Lagos State Internal Revenue Service (LIRS) recently issued a public notice (the Notice) with respect to the taxation of share-based payments in the hands of employees.

LIRS issues public notice on taxation of foreigners with temporary work permit

Lagos State Internal Revenue Service (LIRS) has issued a public notice (the Notice) regarding the taxation of non-nationals with temporary work permit (TWP).

Interest deductions on owner occupied residential houses limited to first application only- LIRS

The Lagos State Internal Revenue Service (LIRS) issued a public notice (the Notice) on 20 September 2017 with respect to allowable interest deductions on owner-occupied residential houses.