Insights

THE NIGERIA STARTUP ACT 2022: GOVERNMENT INTRODUCES NEW TAX REGIME FOR STARTUPSDownload The Nigeria Startup Act 2022 (“Startup Act” or “the Act”) was recently signed into law by the President of the Federal Republic of Nigeria, with a commencement date of 19 October...

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...

New Marginal Fields Emerge as Federal Government Issues New LicensesDownload Introduction The Nigerian Government on Tuesday 28th of June 2022, through the Nigerian Upstream Regulatory Commission (“The Commission”) awarded forty-one (41) Petroleum Prospecting Licenses...

Certificate of Acceptance of Fixed Assets: Its Significance on Claims of Capital AllowancesDownload Necessity is said to be the mother of invention.  Necessity sometimes also leads to a rediscovery of previously neglected resource.  Governments in Nigeria...

Organisation Structuring for Business SuccessDownload INTRODUCTIONOrganisational structures have evolved since the 1800s, starting with the industrial revolution, when individuals were organised in groups to add parts to the manufacture of the products moving down the...

FEDERAL HIGH COURT (TAX APPEAL) RULES 2022: WHAT TAXPAYERS MUST KNOWDownload The new Federal High Court (Tax Appeal) Rules (“the Rules”) have become operational, effective from 10 January 2022. The Rules, which repeal the Federal High Court (Tax Appeal) Rules of 1992,...