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Tax Watch

More taxes on the horizon: A look at the proposed property tax in the FCT

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OYEDELE-NEW-PIXPROPERTY owners and tenants in the Federal Capital Territory (“FCT”) should brace up for more taxes if the proposed Bill currently under consideration at the National Assembly is anything to go by. The bill titled “The Federal Capital...
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Fiscal regime under the new Petroleum Industry Bill: Revolutionary or business as usual?

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OYEDELE-NEW-PIXFROM sports to entertainment, tourism to technology, infrastructural development to industrialisation, and the list goes on - Nigeria is a country that is often celebrated more for her potentials than real achievements. Quite so with over 160...
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Companies Income Tax Exemption and VAT Act (Modification) Orders: So that investment in debt instruments may be tax free...

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OYEDELE-NEW-PIXIN March 2010, the Federal Government through the Debt Management Office announced the approval by the Federal Government of Nigeria to grant tax waivers for all categories of bonds (including corporate bonds) and short term government securities...
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Tax Administration (Self Assessment) Regulations 2011: What you need to be aware of

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OYEDELE-NEW-PIXON December 12, 2011 the Management Board of the Federal Inland Revenue Service (the Board) in exercise of the powers conferred on it by Section 61 of the Federal Inland Revenue Service (Establishment) Act 2007, with the approval of the Minister...
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The Personal Income Tax (Amendment) Act 2011: Implementation and Matters Arising!

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TaiwoTHE Personal Income Tax (Amendment) Act 2011 was officially gazetted on Tuesday 31 January 2012 with an effective date of 14 June 2011. Many employers are yet to commence implementation while some have commenced but are yet to complete the...
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