The Federal Minister of Finance, Budget and National planning has recently issued “Companies Income Tax (Significant Economic Presence) Order, 2020′. The Order specifies what “Significant
Nigeria’s Minister for Finance, Budget and National Planning has recently issued a Value Added Tax (Modification Order) 2020. It presents a detailed analysis and interpretations
The Federal Inland Revenue Service (FIRS) has recently issued Information Circulars clarifying many provisions of the Finance Act, 2019. There are Seven different Information Circulars dealing
1. So much talk about the Finance Act, 2019. Have you seen what is inside of it? Someone once said it has over 100 provisions,
We at Vi-M Professional Solutions, a tech focused Tax, Audit, Advisory and People Services Firm, are using this opportunity to announce the release / launch of
The Tax Appeal Tribunal (TAT) sitting in Lagos, recently ruled in its first Transfer Pricing (TP) case, in favor of the Federal Inland Revenue Service
The gazette copy (download here) of Nigeria’s Finance Act, 2019 (“the Act”) contains 57 provisions that amend 7 existing tax laws. It became effective from
The Federal Inland Revenue Service (FIRS), last week, issued a Public Notice to counter its September 2016 Public Notice titled, ‘Filing of tax returns by
This morning, President Buhari signed the Finance Bill into Law. According to President Buhari, this is the first time, since the return of democracy in 1999, that
In the determination of the income of an individual assessable to tax, certain expenses, as stipulated in the Personal Income Tax Act (PITA) 2011 as
