TAX ASSESSMENT OF FOREIGN NATIONALS RESIDENT IN NIGERIA UNDER DOUBLE TAXATION AGREEMENTS
This article provides guidance on assessing foreign nationals who are resident in Nigeria and from countries with which Nigeria has Double Taxation Agreements (DTAs). The... Read More
What you need to know as a foreign national who is resident in Nigeria and from countries with which Nigeria has Double Taxation Agreements (DTAs) under the new Nigeria Tax reform Acts, 2025.
This article provides guidance on assessing foreign nationals who are resident in Nigeria and from countries with which Nigeria has Double Taxation Agreements (DTAs). The... Read More
Navigating Nigeria’s Tax Reform Landscape: Bridging the Gap Between Legislative Intent on Tax Refund and Administrative Reality
Among its numerous provisions, the NTAA 2025 introduces critical reforms that directly address one of the most persistent challenges in Nigeria's tax system: the cumbersome and often futile process of obtaining tax refunds. The significance of this reform cannot be overstated, particularly when viewed against the backdrop of Nigeria's historically problematic tax refund system.
PROPOSED WINDFALL TAX ON BANKS: A DEEP DIVE INTO POTENTIAL IMPACTS
Windfall Tax on Nigerian Banks
Features/Characteristics of Withholding Tax
Withholding Tax is deductible from the following sources:
Lifestyle tax audit Investigation.
Tax investigation of taxable person’s lifestyle is a very effective tool in the hands of government to reduce corruption. Lifestyle audit is an effective way... Read More
Taxation should not become a tool for harassment but for Economic Prosperity.
Every Tax Accountant knows that tax is a bitter pill to market and for the taxpayer to agree to swallow the pill; the pill must... Read More
Exemption from Withholding Tax
Tax exemptions, deductions allowed, reliefs and tax waivers are legal loopholes used by tax accountants to reduce the incidence of tax on their clients. Below... Read More
How Nigeria can improve witholding Tax Administration.
What is Withholding Tax? Withholding tax is not a separate type of tax rather it is an advance payment of income tax available as a... Read More
2 Ways Tax Refund is Treated in Nigeria
Every Taxpayer including government, departments and agencies as well as NGOs which have made payments to government, either in error or inadvertently may qualify for... Read More