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ELECTRONIC MONEY TRANSFER LEVY REGULATIONS 2022: WHAT TAXPAYERS NEED TO KNOWDownload Introduction The Electronic Money Transfer Levy Regulations (“EMT Levy Regulations”) was recently issued by the Honourable Minister of Finance, Budget and National Planning, pursuant...read more
INPUT VAT ON PRODUCTION OVERHEADS ARE RECOVERABLE – TAX APPEAL TRIBUNAL RULESDownload The Tax Appeal Tribunal sitting in Lagos has held in the case of CHI Ltd (“CHI” or the “Company”) vs. Federal Inland Revenue Service (“FIRS”) that input VAT incurred by the Company...read more
Top Strategies for Retaining Best Talent & Curbing the Business Impact of Attrition in this High Resignation Season!
Jan2022 MC Article 1Download INTRODUCTIONAfter the lockdowns that the world experienced in 2020, the recurrent phrase is “the new normal.” What is the relationship between the new normal and the great resignation era? Is there a way to curb massive resignations in the...read more
FINANCE ACT 2021: WHAT HAS CHANGED?Download The President has signed the Finance Act 2021 (“the Act”) into law, the third of its kind since its re-introduction in 2019 to accompany the annual budgets. The Act, which is effective from 1 January 2022, introduces some...read more
Value Added Tax: Rivers and Lagos State Governments Enact LawsDownload It is no longer news that the Federal High Court in AG Rivers State v. Federal Inland Revenue Service recently held that the competent body to regulate, assess and collect Value Added Tax (VAT), is...read more
August 2021 NewsletterDownload Introduction The Federal High Court of Nigeria, sitting at Port-Harcourt in Rivers State (“the Court”) has recently delivered a judgment in case FHC/PH/CS/149/2020, between the Attorney General of Rivers State (“AG Rivers”) and Federal...read more
July 2021 Newsletter (3)Download Introduction In the wake of several failed attempts, the Nigerian Legislature (both Senate and House of Representatives) on Thursday 1st July 2021, passed the Petroleum Industry Bill (PIB). It would be recalled that the PIB was first...read more