News

Image

Reasonable Removal Expenses

On Monday 21 August 2017, the Lagos State Internal Revenue Service (“the LIRS”) released a Public Notice captioned “What Constitutes Reasonable Removal Expenses for the Purposes of Tax Exemption”....

Continue Reading




Image

Vodacom Business Nigeria Limited v. FIRS

The Tax Appeal Tribunal (TAT) sitting in Lagos on 12 February 2016, in the matter between Vodacom Business Nigeria Limited (as Appellant) and Federal Inland Revenue Service (as Respondent) (Suit No.TAT/LZ/VAT/016/2015) delivered its judgment in favour of the Respondent...

Continue Reading


Image

Realizable Price under the 2000 MOU is the Basis for PPT- TAT

The Tax Appeal Tribunal (“TAT”) has allowed the appeal brought before it by Total E & P Nigeria Limited (“Appellant”) against the Federal Inland Revenue Service (the “Respondent” or “FIRS”) challenging the use of Official Selling Price (“OSP”) in determining oil pricing for the purpose of calculating Petroleum Profits Tax

Continue Reading