Summary On 19 July 2019, the Organisation for Economic Cooperation and Development (OECD) released its report on harmful tax practices across various jurisdictions. The report indicates that Mauritius which had previously been identified as a jurisdiction with harmful tax practices no longer has such harmful tax practices. Specifically, the Mauritian “Partial Tax Exemption Regime”, which […]

The Tax Appeal Tribunal sitting in Abuja, on Friday ordered counsel in a suit of alleged double taxation to draft terms of settlement to speed up the process of settlement. The suit which was instituted by a company, “M FIFTEEN” Consultants Limited against the Federal Inland Revenue Service (FIRS) and two others was slated on

The Oyo State Governor, Mr Seyi Makinde, has pleaded for the support of different stakeholders operating in the state on adequate deductions, prompt remittance of taxes and other levies to fulfil his promises on provision of social amenities, enduring infrastructure, regular payment of government obligations and other amenities. Makinde stated this during a one-day sensitisation

President Muhammadu Buhari has given the Executive Chairman of the Federal Inland Revenue Service (FIRS) Babatunde Fowler till Monday to explain the gaps in tax collections between 2015 and 2018.  Fowler, whose top echelon of his FIRS has in recent times, been under the searchlight of the Economic and Financial Crime Commission (EFCC) for duty

The Federal Inland Revenue Service (FIRS) says all companies must remit value-added tax and withholding tax by the 21st day of every month. According to a statement signed by Babatunde Fowler, the FIRS chairman, some companies have been found not to deduct these taxes at source. VAT is a consumption tax placed on a product