On 24 June 2019, the Court of Appeal (CoA), supported the ruling of the Federal High Court (FHC), in Vodacom Business Nigeria Limited (Vodacom) and Federal Inland Revenue Service (FIRS) on the issue of value-added tax (VAT) on imported services…
The Court of Appeal has overruled the decision of the Federal High Court (“FHC”) in Stanbic IBTC Holdings Plc (“Stanbic”) vs Financial Reporting Council of Nigeria (FRCN) & Anor (2015), which declared that failure to get approval from NOTAP for…
On 22 January 2020, the Tax Appeal Tribunal in South-South zone decided that a tax authority is not allowed to carry out PAYE tax audit on a taxpayer beyond 6 years except in cases of fraud, wilful default or neglect;…
On 20 June 2019, the Tax Appeal Tribunal presiding in Abia State ruled in Nigerian Breweries Plc. vs Abia State Board of Internal Revenue & Ors that gratuities are tax-exempt under the Personal Income Tax (PIT) Act. The contentious issue…
Nigeria had over 100 tax news in 2019, and in those, we covered a whole lot. Tax disputes, amendment bills, new legislation, public notices, circulars, the lien on bank accounts, tax treaty, transfer pricing, doing business in Nigeria — the…
The Financial Reporting Council of Nigeria, FRCN, revokes its Rule 4 that requires a company to get an approval or register specific transactions with the relevant statutory body in Nigeria before an entity can report such transaction in audited accounts.…
Welcome to BRC’s monthly series on Tax Highlights in Nigeria. The month of June 2019 was filled with tax cases. Here are four (4) major events that shaped the Nigeria tax space in June 2019. Tax Appeal Tribunal affirms exemption of…
Welcome to BRC’s monthly series on Tax Highlights in Nigeria. The month of April 2019 was relatively calm with respect to tax events. Here are three (3) major events that shaped the Nigeria tax space in April 2019. President Muhammadu Buhari…
February 2019 was a much-awaited month for the Presidential elections in Nigeria. Apparently, the election period came with its attendant low pace in economic activities. Yet, the tempo of generating more tax revenue did not drop! The tax authority rolled-out…
The Tax Appeal Tribunal (TAT) ruled that sales in the ordinary course of business are not subject to withholding tax (WHT). The decision was reached in a WHT dispute on 30 November 2020 between Tetra Pak West Africa Limited and…
