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October 14, 2021

Overview of CITN Statement of Taxation Standards (STSs)

Introduction Tax practice as a term encompasses the policies, procedures and practices that are routinely and consistently employed by members of the taxation profession in the […]
October 9, 2021

EVOLUTION OF THE NIGERIA DIGITAL CURRENCY: THE e-NAIRA (Part 1)

EVOLUTION OF THE NIGERIA DIGITAL CURRENCY: THE e-NAIRA What is digital currency? Digital currency is any form of money or payment that exists solely in electronic […]
October 9, 2021

ADMINISTRATION OF STAMP DUTIES IN NIGERIA (CONCLUDING PART)

ADMINISTRATION OF STAMP DUTIES IN NIGERIA (CONCLUDING PART) 1.0. ADJUDICATION OF STAMP DUTY PROCESS OF ADJUDICATION  It is the right of the taxpayer to seek the […]
September 26, 2021

Administration of Stamp Duties in Nigeria under the Finance Act -Part 3

ADMINISTRATION OF STAMP DUTIES IN NIGERIA UNDER THE FINANCE ACT -PART 3 In the first and second parts of this article that were featured in the […]
September 16, 2021

Highlights of the Lagos State Value-Added Tax Law

The Lagos State House of Assembly on the 9th of September, 2021 passed its Value Added Tax (VAT) Law. The Law is to impose and charge […]
September 10, 2021

Administration of Stamp Duties in Nigeria Under the Finance Act (Part 2)

In the first part of this article that was featured in the previous week (02/09/2021), we discussed the administration of Stamp duties, dutiable instruments and how […]
September 10, 2021

Administration of Stamp Duties in Nigeria Under the Finance Act

Introduction Stamp duty is levied on written or electronic transaction documents. The tax is governed by the Stamp Duties Act (SDA) of 1939 and charged as […]
August 27, 2021

What You Should Know About The Rivers State Value-Added Tax Law

The Governor of Rivers State, Barri Nyesom Wike on the 19th of August 2021 signed into law the Rivers State Value Added Tax Law which provides […]
August 25, 2021

An Overview of the Petroleum Industry Act 2021

INTRODUCTION The Petroleum Industry Act was signed into law by President Muhammadu Buhari on Monday, August 16, 2021 after series of amendments and dialogues which spanned […]
August 5, 2021

Administration Of Value-Added Tax In Nigeria: Goods And Services Exempt

Introduction VAT is a consumption tax that has been embraced and adopted by many nations across the globe. Because it is a consumption tax, it is […]
July 29, 2021

Issues in the Taxation of Non – Resident Companies

INTRODUCTION Non – Resident Companies (NRCs) refer to companies that are not incorporated in Nigeria. Historically, non-resident companies doing business in Nigeria prepare and pay their […]
July 29, 2021

Allowable Deductions in the Computation of Companies Income Tax in Nigeria

1.0. Introduction:The Companies Income Tax Act (CITA) 2004 (as amended) provides that companies income tax shall be imposed on the profits of a company derived from […]