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;…
The Tax Appeal Tribunal (TAT) on 21 August 2019 ruled that a taxpayer can pay a tax audit liability when the process for issuing the assessment is in line with the tax law; in the case between Polaris Bank Plc.…
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…
Multichoice Nigeria Limited (Multichoice) offers entertainment platforms such as DStv and GOtv. In April 2021, the Federal Inland Revenue Service (FIRS) issued a demand notice of NGN1.8trillion to Multichoice over an alleged NGN1.8 trillion tax evasion. Next, Multichoice appealed with…
In a couple of hours, the year 2020 will be history. The past year has changed the tax outlook in Nigeria, including revenue drive and the new normal. Over the months, we have released various tax alerts in new tax…
The Tax Appeal Tribunal (TAT) ruled that a company should pay excess dividend tax of NGN1.63billion on the tax-exempt profits distributed to shareholders. In the case between the Federal Inland Revenue Service (FIRS) and Ecobank Nigeria Plc. (Ecobank or the…
Welcome to BRC‘s monthly series on Tax Highlights in Nigeria. It’s the first recap for the year. After the festive holiday, the Taxman was very busy in January 2020. From FIRS public notices to the signing Finance Bill into law to…
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…
Welcome to BRC’s monthly series on Tax Highlights in Nigeria. In August 2019, the Federal Inland Revenue Service (FIRS) released two public notices. The third event was a tax dispute while the fourth event was revocation of one regulation. Here are four…
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…
