Tax Matters

Tax Matters Find engaging contents relative to the dynamics in the Nigeria's professional space on Tax matters.

On 30 July 2024, the FHC, Abuja Division decided that the provisions of Section 18(2) of the Companies and Allied Matter...
23/08/2024

On 30 July 2024, the FHC, Abuja Division decided that the provisions of Section 18(2) of the Companies and Allied Matters Act 2020 apply to all private companies (Ltd) in Nigeria, including those incorporated before CAMA 2020.

Tax Alert | Issue 8.3 | August 2024...

The NCS has released the guidelines for the implementation of the 0% duty rate and VAT exemption on selected basic food ...
23/08/2024

The NCS has released the guidelines for the implementation of the 0% duty rate and VAT exemption on selected basic food items.

Tax Alert | Issue 8.2 | August 2024...

The Executive Governor of Lagos State has issued an Executive Order for the compulsory subscription to Social Health Ins...
14/08/2024

The Executive Governor of Lagos State has issued an Executive Order for the compulsory subscription to Social Health Insurance by all Lagos State residents, employers, and workers.

Tax Alert | Issue 8.1 | August 2024...

The PenCom has issued a Circular on “Emerging Matters on the Payment of Voluntary Contribution under the Contributory Pe...
26/07/2024

The PenCom has issued a Circular on “Emerging Matters on the Payment of Voluntary Contribution under the Contributory Pension Scheme. Please click the link below to read our newsletter on this Circular.

Tax Alert | Issue 7.3 | July 2024...

The Federal Government of Nigeria is seeking to tax the realised profits from all foreign exchange transactions of banks...
26/07/2024

The Federal Government of Nigeria is seeking to tax the realised profits from all foreign exchange transactions of banks in the 2023 financial year.

Tax Alert | Issue 7.2 | July 2024...

The FMoF has issued the Deduction of Tax at Source Regulations 2024. The Regulations are aimed at providing clarity on t...
09/07/2024

The FMoF has issued the Deduction of Tax at Source Regulations 2024. The Regulations are aimed at providing clarity on the rules for the deduction of tax from payments made to taxable persons under the CITA, CGTA, PITA, and PPTA.

July 2024 | KPMG in Nigeria...

The Nigerian Senate recently approved a US$500 million loan request by His Excellency, President Bola Ahmed Tinubu for t...
14/06/2024

The Nigerian Senate recently approved a US$500 million loan request by His Excellency, President Bola Ahmed Tinubu for the metering of electricity consumers in Nigeria in line with the Nigeria Distribution Sector Recovery Program.

June 2024 | KPMG in Nigeria...

Nigeria is endowed with vast reserves of natural resources such as energy minerals like coal and lithium, metallic miner...
10/06/2024

Nigeria is endowed with vast reserves of natural resources such as energy minerals like coal and lithium, metallic minerals like gold and lead-zinc and industrial minerals like limestone and barite.

The Future Frontier for Nigeria's Economic Diversification...

Decentralisation of the grid has been a topical issue in the country since the signing of the Electricity Act (Amendment...
30/05/2024

Decentralisation of the grid has been a topical issue in the country since the signing of the Electricity Act (Amendment) Act into law. Commentators had argued that it was inefficient for the country to continue to maintain one central national grid

Grid Decentralisation - Issues Arising...

20/05/2024

This FHC judgment affirmed the NMDPRA’s authority to enact regulations pertaining to the administration of midstream and downstream petroleum liquids operations.

Issue 2.5 | 29th February 2024...

On Tuesday, 27 February 2024, President Bola Ahmed Tinubu, GCFR, launched the EEL. The EEL is a government-mandated cont...
20/05/2024

On Tuesday, 27 February 2024, President Bola Ahmed Tinubu, GCFR, launched the EEL. The EEL is a government-mandated contribution imposed on organizations which engage expatriate workers in Nigeria.

Tax Alert Issue 3.1 | 1st March 2024...

The Federal Ministry of Interior has suspended the implementation of the EEL. The suspension of the implementation of th...
20/05/2024

The Federal Ministry of Interior has suspended the implementation of the EEL. The suspension of the implementation of the EEL is contained in a press release issued by the NACCIMA.

Tax Alert Issue 3.2 | March 2024...

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