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PETROLEUM PROFIT TAX
News and analysis about Petroleum Profit Tax
The Federation Account Allocation Committee (FAAC) says it shared N906.96 billion among the three tiers of government for October 2023.
The Economic report of the CBN has revealed that the country earned N5.37 trillion from the sale of oil between August 2018 and July 2019.
FIRS has made it clear to businesses in Nigeria that it is serious about tackling tax evasion.
Let's explain this once and for all.
Nairametrics| It is trite that around the world, entertainers and sportsmen are some of the highest paid individuals....
Will Nigerians take that lightly?
Deloitte| A Federal High Court (FHC) on 13 March 2017, delivered a judgment on the validity of the...
Tax Deductibility Of Expenses Incurred Outside Nigeria: Are Days Of Arbitrary Awards Over? The increased pace of globalisation...
The Value Added Tax Act (VATA or the Law), 2007 governs the administration of VAT in Nigeria. VAT...
New Update Subsequent to our recent tax alert on the ongoing tax amnesty, we have received further update from the...
Every "good thing" has a time line.
It is typical for companies in a particular year, to pay dividends out of retained earnings and/or current year profits. But it could come at a cost.