by Felix | Nov 12, 2020 | pedabo-insights
The Federal Inland Revenue Service (FIRS) via a publication dated 4 November 2020 has granted further tax palliatives to taxpayers. This, as per the publication, is in a bid to ease the losses incurred from business disruptions that recently occurred following ENDSARS...
by Felix | Sep 21, 2020 | pedabo-insights
On Thursday, 10 September 2020, the Tax Appeal Tribunal (“TAT”), Lagos Division delivered a judgment in a matter between Ess-ay Holdings Limited (“the Appellant”) and the Federal Inland Revenue Service (“FIRS” or “the Respondent”). The matter bordered on the...
by Felix | Aug 10, 2020 | pedabo-insights
The President of the Federal Republic of Nigeria has on Friday 7 August 2020 signed into law, the Companies and Allied Matters Act 2019 (CAMA 2019). The CAMA 2019 has now repealed and replaced the erstwhile CAMA CAP C20 LFN 2004 which has been in operation since 1990,...
by Felix | Aug 3, 2020 | pedabo-insights
Background The National Industrial Court, sitting in the Abuja Judicial Division has ruled in Maroof Giwa (“the Claimant”) v. ARM Pension Managers (“ARM”) & National Pensions Commission that the 25% lump sum payment to retirees over 50 years of age by Pension Fund...
by Felix | Jul 2, 2020 | pedabo-insights
The Federal Inland Revenue Service (FIRS), on Tuesday 30 June 2020, launched its adhesive stamps for the purposes of stamp duties. An inauguration themed ‘Stamp Duties Act: Repositioning Nigeria Towards Greater Revenue Mobilization’ inducted an...
by Felix | Jul 2, 2020 | pedabo-insights
It will be recalled that the Honourable Minister of Finance recently, in exercise of the powers conferred on her by the Value Added Tax (VAT) Act, expatiated the scope of exempt items as enshrined in the First Schedule to the Value Added Tax (VAT) Act via the Value...
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