Federal Government of Nigeria extends travel ban to South Africa

Further to the recent announcement imposing a travel ban on travellers arriving from Brazil, India and Turkey, the Federal Government of Nigeria (FGN) on 28 June 2021, extended the ban to travellers from South Africa.

Federal Government of Nigeria reviews provisional protocol for travellers arriving from Brazil, India and Turkey

Federal Government of Nigeria reviews provisional protocol for travellers arriving from Brazil, India and Turkey

The Federal Government of Nigeria, on 02 May 2021, announced that travellers arriving from Brazil, India and Turkey (BIT countries) will be denied entry into Nigeria with effect from Tuesday, 4 May 2021

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Federal Government of Nigeria reviews provisional protocol for travellers arriving from the United Kingdom and South Africa

The Federal Government of Nigeria (FGN) has released a revised quarantine protocol (the Protocol) with a special focus on travellers arriving from the United Kingdom and South Africa

Post-COVID-19: Impact on cross-border employees, its imperatives and tax dynamics

Post-COVID-19: Impact on cross-border employees, its imperatives and tax dynamics

The COVID-19 Pandemic is not just a global public health crisis, it has also severely affected the global economy and financial markets, disrupting lives, communities, governments and businesses at large. For instance, governments and businesses have adjusted their outlook for 2020, with many taking aggressive measures to stay afloat. Despite the efforts, many businesses were unable to survive.

Evaluating changes in transfer pricing positions in an economic downturn: a COVID-19 scenario

The downturn in both the global and Nigerian economies due to the impact of COVID-19 will have serious implications for many multinational businesses operating in Nigeria, especially in the areas of transfer pricing policy implementation and documentation.

FGN releases provisional protocol for travellers ahead of international flights resumption

The Federal Government of Nigeria (FGN) has released the provisional protocol (the Protocol), in preparation for the resumption of international flights to Nigeria, which is scheduled to commence from 5 September 2020

Federal Government of Nigeria postpones resumption of international flights

The Federal Government of Nigeria has postponed the resumption of international flights from 29 August to 05 September 2020.

COVID-19: FIRS extends the period to enjoy a waiver of interest and penalty from the settlement of outstanding tax liabilities

The Federal Inland Revenue Service (FIRS) recently issued a Public Notice extending the deadline for obtaining a waiver of interest and penalty on outstanding tax debts resulting from tax desk review, audit and/or investigation assessments, from 31 May 2020 to 30 June 2020.

FRC guidance for External Auditors

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.

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.