Publications

Recent Publication

When taxpayers make claim for any costs/expenses in a self-assessment tax return. It is required that the costs are adequately substantiated before they can be claimed for tax deductibility purpose. The onus of proof must be substantiated to the satisfaction of the board by the taxpayers, if required in a tax audit or investigation.

Monthly Tax Newsletter

February 2021 Ascension Tax Newsletter
In our newsletter for the month of February 2021, we have reviewed an amendment made to the Customs and Excise Tariff, Etc. (Consolidation) Act by the Finance Act 2020, in which telecommunication services provided in Nigeria may now be charged with duties of excise at a rate prescribed by the President through an Order.
January 2021 Ascension Tax Newsletter
In the first volume of the Newsletter for the year 2021, we have examined key happenings in the nation’s tax and regulatory environment and considered possible ways forward for relevant stakeholders.
December 2020 Ascension Tax Newsletter
In this Newsletter, we examine some of the key happenings within the Nigeria tax and regulatory space, including possible ways forward for relevant stakeholders.

Transfer Pricing Newsletter

Evidentiary requirements under Transfer Pricing. (TP Newsletter)
When taxpayers make claim for any costs/expenses in a self-assessment tax return. It is required that the costs are adequately substantiated before they can be claimed for tax deductibility purpose. The onus of proof must be substantiated to the satisfaction of the board by the taxpayers, if required in a tax audit or investigation.

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