Federal Government announces trade-related measures to address COVID-19 pandemic
The President of the Federal Government of Nigeria has approved the waiver of import duty and value-added tax (VAT) on all medical equipment and supplies imported into Nigeria from 1 May 2020.
FRC guidance for External Auditors: COVID-19 and its impact on the audit of reporting entities in Nigeria
As COVID-19 spreads and the impact is felt, regulators in Nigeria and around the world have issued guidance to entities under their control to provide direction on the impact of COVID-19 on the reporting obligations of those entities.
Finance Act 2019: FIRS releases information circulars to clarify certain provisions
The Federal Inland Revenue Service (FIRS) has released various information circulars on its opinion and clarification of certain provisions in the Finance Act 2019.
COVID-19: FIRS waives interest and penalty arising from outstanding tax audit liabilities
The Federal Inland Revenue Service (FIRS) recently issued a Public Notice communicating the waiver of interest and penalty on outstanding tax debts arising from tax desk review, audit and/or investigation exercise.
Webinar invitation – COVID-19: Economic impact scenarios and business tax imperatives
Join our experts as they discuss the economic impact of the COVID-19 pandemic and the critical economic, tax and other fiscal measures targeted at alleviating the economic impact of the pandemic.
Webinar invitation – FRC Guidance for preparers of financial statements during COVID-19
We are pleased to invite you to join our live webinar on Wednesday, 29 April 2020 as we discuss the “Financial Reporting Council (FRC) Guidance for preparers of financial statements during COVID-19”.
Nigeria rolls out additional fiscal measures to stimulate the economy in response to the impact of COVID-19 and decline in oil price
Nigeria’s Minister of Finance, Budget and National Planning (‘the Minster’) on 6 April 2020, issued a press statement, to communicate a Fiscal Stimulus Package to address the economic challenges created by COVID-19 (The Pandemic) and the slump in crude oil prices.
COVID-19: Nigeria rolls out various regulatory and fiscal measures to provide relief
This newsletter examines the various measures put in place in Nigeria to contain the spread of COVID-19 and also alleviate the impact of the Pandemic.
COVID-19: House of representatives pass Emergency Economic Stimulus Bill 2020
In a bid to alleviate the adverse financial impact of the COVID-19 Pandemic on individuals and organizations in Nigeria, the House of Representatives recently passed the Emergency Economic Stimulus Bill 2020.