VAT dispute: Court of Appeal orders all parties to maintain pre-dispute position
(pre-dispute status) and refrain from taking any steps to give effect to the judgment of the Federal High Court (FHC) in the case of Attorney General of Rivers State v. FIRS & Attorney General of the Federation pending the hearing and determination of the motion for stay of execution filed by the Federal Inland Revenue Service (FIRS).
Federal High Court’s Practice Direction for FIRS
The Chief Judge of the Federal High Court (FHC) of Nigeria, in line with Order 57 Rule 3 of the Federal High Court (Civil Procedure) Rules, 2019 (FHC Rules) on 31 May 2021 issued a Practice Direction. The Practice Direction became effective on 1 June 2021 and relates to tax matters administered by Federal Inland Revenue Service (FIRS).
Federal Government of Nigeria releases 2021 Fiscal Policy Measures
Measures (2021 FPM), effective 6 September 2021. The 2021 FPM replaces the 2019 FPM which had been in force since 1 July 2019. Approval of the 2021 FPM was communicated by the Honorable Minister of Finance through a circular (“the Circular”) dated 31 August 2021.
Federal High Court dismisses FIRS application for stay of execution on VAT judgement
The Federal Inland Revenue Service (FIRS) filed an application for a stay of execution of the judgment of the Federal High Court (FHC) in the case of Attorney General of Rivers State v. FIRS & Attorney General of the Federation.
Petroleum Industry Act: Nigeria’s New Oil and Gas Regulatory Framework
Our PIA newsletter is a series of four issues, this document being the first, and it is focused on chapter 1 of the PIA, analysing the key aspects of the governance of the Nigerian petroleum industry and its institutions.
Nigeria’s President signs the Petroleum Industry Bill into law
President Muhammadu Buhari has assented to the Petroleum Industry Bill (PIB). The PIB is now referred to as the Petroleum Industry Act (‘PIA’ or ‘the Act’). The Act, which was recently passed by the two houses of the National Assembly, has been in the works since the early 2000s.
Federal High Court rules that State Governments are empowered to administer VAT and other taxes not exclusively allocated to the Federal Government
The Federal High Court (FHC) in Port Harcourt recently ruled that only the Rivers State Government (RSG), and not the Federal Government (FG), is empowered to collect value-added tax (VAT) within Rivers State.
Deloitte launches effort to address health care equity in Africa, starting with COVID-19 response
Deloitte has announced the launch of the Deloitte Africa Health Equity Institute (DAHEI), which uses data and analytics, research as well as strategic partnerships with government and health care organisations to advance health care equity in Africa.