Ease of doing business in Nigeria – A case for eliminating multiple tax reviews, audits and investigations

The importance of ensuring a conducive environment for businesses cannot be over-emphasized, given their immense contribution to the growth of the national economy. This is more so, in the light of current economic growth and stability plans by Federal Government of Nigeria (FGN).

FIRS mandates taxpayers to obtain VAT registration certificates and display at their premises

The Federal Inland Revenue Service (FIRS), on 22 October 2018, notified the general public that it has commenced issuance of value-added tax (VAT) certificates to all new and existing taxpayers registered for VAT purposes. By the publication, FIRS also directed VAT collectors to display their VAT certificates at their business premises and implored taxpayers to report VAT collectors who fail to comply with this directive to the agency.

Analysis and implications of Nigeria’s new Executive Order on Voluntary Declaration of Offshore Assets

The Federal Government of Nigeria (FGN), on 8 October 2018 (Effective Date), issued Executive Order 008 (Order), backing the implementation of the Voluntary Offshore Assets Regularisation Scheme (VOARS or the Scheme).

Vacancies in the Nigeria Power Sector Program

We are pleased to announce some vacancies under the Nigeria Power Sector Program, a power sector transformation programme led by Deloitte. The Nigeria Power Sector Program was established by a development agency to support reform within Nigeria’s power sector.

Migration of physical CCIs due latest 28 November, 2016

Nigeria releases new Executive Order to combat money laundering and tax evasion

The Federal Government of Nigeria, on 8 October 2018, signed a new Executive Order 008 (Order) backing the implementation of the Voluntary Offshore Assets Regularisation Scheme (VOARS or the Scheme), aimed at combating money laundering and tax evasion. The Scheme took effect from 8 October 2018 and will cover a period of twelve months.

Federal Government releases 2016 Fiscal Policy Measures

FIRS issues public notice on implementation of the revised 2018 Transfer Pricing Regulations

Recently, the Federal Inland Revenue Service (FIRS) issued the Income Tax (Transfer Pricing) Regulations, 2018 (the 2018 TP Regulations), which replaced the Income Tax (Transfer Pricing) Regulations, 2012.