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November 21, 2021

Overview of CITN Statement of Taxation Standards (STS) – Statement of Taxation Standard (STS) 5: Form and Content of Tax Advice/Opinion

Introduction The CITN Statement of Taxation Standard (STS) Five on Form and Content of Tax Advice/Opinion sets out guidance for members on certain aspects of providing […]
November 15, 2021

Overview of CITN Statement of Taxation Standards (STSs)4 – Previously Agreed Tax Return Filing Position

Statement of Taxation Standard (STS) 4: Previously Agreed Tax Return Filing Position Introduction The CITN Statement of Taxation Standard (STS) Four on Previously Agreed Tax Return […]
November 6, 2021

Overview of CITN Statement of Taxation Standards (STS) 3 – Procedural Aspects of Filing Returns

Introduction Taxation is a unique profession dealing more in law, tax policies and the manner of treatment of tax elements regulated by legal pronouncements. This is […]
October 28, 2021

Overview of CITN Statement of Taxation Standards (STSs)- part 2

Introduction The CITN Statement of Taxation Standards (STS) Two on Tax Returns Position was issued and gazetted in the Federal Republic of Nigeria Official Gazette Vol. […]
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 […]