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1
FIRS To Pursue Directors And Management Staff For Outstanding Corporate Tax Liabilities
Federal Inland Revenue Service (FIRS) on Monday, 19 August 2019, issued a public notice mandating companies with lien on their accounts to regularise their tax status
Nigeria
22 Aug 2019
2
Wealth Planning Tools: Private Trust Arrangements
Do you have a single or multiple streams of income or investments? Do you earn income in the form of dividend, rent, interest etc. from your investments?
Nigeria
22 Aug 2019
3
FIRS To Go After Directors, Managers And Company Secretaries For Their Company's Tax Liabilities
The FIRS today released a public notice threatening to go after the directors, managers, secretaries and other persons concerned with the management of companies to recover tax liabilities owed
Nigeria
22 Aug 2019
4
Fair Trade, Monopoly And Competitiveness: Appraising The Legal Rights Of Franchisees Against Parallel Import In Nigeria
Countries that adopt this view have either expressly legislated against parallel imports or put in place regulatory regimes that set some limits.
Nigeria
22 Aug 2019
5
OECD Declares Mauritius Partial Tax Exemption Regime As Not Harmful
On 19 July 2019, the Organisation for Economic Cooperation and Development (OECD) released its report on harmful tax practices across various jurisdictions. The report indicates that Mauritius
Nigeria
20 Aug 2019
6
FIRS Demands Deduction Of WHT/VAT At Source On All Forms Of Commission And Rebates Paid To Distributors And Customers
Federal Inland Revenue Service (FIRS) on Wednesday, 14 August 2019, issued a public notice informing taxpayers that commission and rebates earned by distributors and customers are subject
Nigeria
19 Aug 2019
7
FIRS Says WHT And VAT Are Due On All Payments In Cash Or Kind To Agents, Dealers, Distributors And Retailers By Principal Companies
The FIRS has issued a Public Notice on the deduction of withholding tax and VAT on compensation paid to agents, dealers, distributors and retailers by principal companies
Nigeria
19 Aug 2019
8
Rewriting The Basis Of Corporate Expenses In Nigeria: FRCN Revokes Rule 4
Putsimply, the company cannot access foreign exchange at the official rate or market for remittances outside of Nigeria under the unregistered contract.
Nigeria
13 Aug 2019
9
FRCN Revokes Its Requirement For Regulatory Approval For Financial Transactions
The Financial Reporting Council of Nigeria (FRCN) has revoked Rule 4 of the FRCN Rules through a public notice (PN) dated 11 July 2019.
Nigeria
12 Aug 2019
10
The Joint Tax Board's New Tin Registration System
Welcome to a new age in tax administration as the Joint Tax Board's ("JTB") new Tax Identification Number registration system ("the new system") goes live.
Nigeria
9 Aug 2019
11
The Deferment Of The New Free Float Rules By The Nigerian Stock Exchange: What Nigerian Investors Should Know
Free float is the percentage of a publicly quoted company's shares which is not restricted from public trading and is made available on the stock exchange market.
Nigeria
9 Aug 2019
12
An Appraisal Of The Compulsory Treatment And Care For Victims Of Gunshot Act, 2017: Late Precious Owolabi
On Monday the 22nd of July 2019 news broke that one Mr. Precious Owolabi, a youth corps member serving at Channels Television News in Abuja
Nigeria
8 Aug 2019
13
Tax Appeal Tribunal's Judgement On The Taxability Of Gratuity Payments
The Tax Appeal Tribunal ("TAT" or "the Tribunal") sitting in Enugu State on 20 June 2019 delivered a judgment in favour of Nigerian Breweries Plc ("Nigerian Breweries" or "Appellant")
Nigeria
8 Aug 2019
14
FRCN revokes rule requiring regulatory approval before recognising certain expenses
The Financial Reporting Council of Nigeria ("FRCN") on Monday, 5 August 2019, issued a public notice
Nigeria
8 Aug 2019
15
Financial Reporting Council Says Transactions That Require Approval Of A Statutory Body Can Be Recognised Without The Approval
The revocation takes effect from 11 July 2019 and it is to be applied prospectively.
Nigeria
8 Aug 2019
17
Data Privacy Regulations Under The Nigerian Data Protection Regulations 2019
With the recent cybersecurity breaches involving major companies such as Google, which was slammed with a fine of £44 million and British Airways.
Nigeria
8 Aug 2019
18
The Review Of The Framework And Guidelines For The Use Of Social Media Platforms By Public Institutions
Social media has come to be recognised as a very important tool for the circulation of information due to its global reach.
Nigeria
8 Aug 2019
19
Cybercrime And Cybersecurity: FinTech's Greatest Challenges
As a starting point, the legal and regulatory facet of cybercrime and cybersecurity will be considered.
Nigeria
8 Aug 2019
20
An Overview Of The African Continental Free Trade Agreement: Implications For Nigeria
In 2018, the African Export-Import Bank reported that only 15% of international trade by African countries takes place within the African continent.
Nigeria
7 Aug 2019
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