July 22, 2019

Tax Appeal Tribunal rules that withdrawal of voluntary pension may be taxable

The Lagos Internal Revenue Service (LIRS) following a tax audit for 2013 and 2014 years of assessment issued a Notice of Refusal to Amend (NORA) to Nexen Petroleum Nigeria Limited (“the company”). The LIRS assessed the company to additional liabilities on the grounds that the company had under remitted Pay As You Earn (PAYE) tax […]

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N50bn tax: Rivers asks court to jail NDDC officials

The Rivers State Board of Internal Revenue has urged the Rivers State High Court sitting in Omoku to jail the acting Managing Director of the Niger Delta Development Commission, Prof. Nelson Brambaifa, and three other officials of the commission for alleged disobedience to a court order. The RSBIR accused Brambaifa and the other alleged contemnors

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