by admin | Feb 27, 2020 | pedabo-insights
Much of the public discourse on the recently enacted Finance Act 2019 (“the Act”) has focused more on the amendments to the Value Added Tax Act, the Companies Income Tax Act and the Stamp Duties Act. Conversely, very little recognition seems to have been given to the...
by admin | Feb 27, 2020 | pedabo-insights
On Wednesday, 19 February 2020, the Tax Appeal Tribunal (“TAT”) delivered judgment in a matter between Prime Plastichem Nigeria Limited (“the Company”) v. Federal Inland Revenue Service (“FIRS”). This judgement is the first to be delivered on transfer pricing dispute...
by admin | Feb 27, 2020 | pedabo-insights
Pursuant to the amendment of Section 4(1) of the Stamp Duty Act, Chapter S(8) LFN 2004 by the Finance Act 2019, the Federal Inland Revenue Service (FIRS) has been confirmed as the only competent agency saddled with the responsibility to impose, charge and collect Stamp...
by admin | Feb 27, 2020 | pedabo-insights
It is no longer news that the amendments made to the existing tax laws by the Finance Act (“the Act”) have taken effect from 1st February 2020. Accordingly, the erstwhile provisions have been discarded and the replacements being implemented. The Act has helped to...
by admin | Feb 26, 2020 | Internal News
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