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Tax Tribunal affirms exemption of voluntary pension contribution

The Tax Appeal Tribunal (“TAT”), on 18 June 2019, delivered a ruling on the exemption of voluntary pension contribution (VC) of employees from PAYE tax in Nexen Petroleum Nigeria Limited(“Appellant”) and Lagos State Internal Revenue Service (“Respondent”). Two major issues were; Whether VC is exempt…

Nigeria Tax Highlights – May 2019

Welcome to BRC’s monthly series on Tax Highlights in Nigeria.  The month of May 2019 was filled with hot topics in tax. Here are five (5) major events that shaped the Nigeria tax space in May 2019. The Federal Executive Council (FEC) approves a…

LIRS issues public notice on TIN registration

The Lagos State Internal Revenue Service (LIRS) is about to merge the payer identification number (payer ID) of taxpayers in Lagos State with the tax identification number (TIN) of Joint Tax Board (JTB). LIRS announced its plan in a public notice on TIN…

Nigeria Tax Highlights – April 2019

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 declines assent to…

Nigeria Tax Highlights – March 2019

March 2019 started on a slow pace till the middle of the month.  Here are four (4) major events that shaped the Nigeria tax space in March 2019.  Federal Government plans to increase the Value Added Tax (VAT) rate. More details here.  Senate…