Introduction Following the judgment of the Federal High Court sitting in Port Harcourt in Attorney-General of Rivers State v. FIRS & Attorney-General of the Federation affirming the exclusive legi...
THE FINANCE ACT 2020-THE NIGERIAN GUIDE ON MAJOR CHANGES TO THE NIGERIAN TAX REGIME
Introduction On 31st December 2020, President Muhammadu Buhari signed the 2021 Appropriation Bill and the 2020 Finance Bill into law.[2] The Finance Act 2020 took effect from 1st January 2021. The Fi...
Revenue Generation Through Taxation Versus Investment Attraction Through Tax Incentives: In Search of a Balance [Miracle Eme’s winning essay]
Introduction A basic responsibility of every government is the provision of public infrastructure and social services to its citizenry. Being a highly capital-intensive venture, generating adequate re...
Jurisdiction of the State High Courts on Tax Matters – Olukolade Ehinmosan
By section 272 of the 1999 Constitution of the Federal Republic of Nigeria (as amended), state high courts have wide jurisdiction over civil and criminal matters.[2] Evidently in line with this provis...
Is a CITN License Required to File Tax Returns? A Review of the ICAN v. FIRS & CITN Case – Olukolade Ehinmosan
Dating as far back as 2003, the Institute of Chartered Accountants of Nigeria (ICAN) and the Chartered Institute of Taxation of Nigeria (CITN) have been at loggerheads over the appropriate body to reg...
Towards an efficient Tax Legislative Environment: Revisiting the Judicial Challenges of the Vat & Tat Tribunals, and Other Laws – Olukolade Ehinmosan
On 25th May 2009, the Ibadan Judicial Division of the Court of Appeal held that the VAT Tribunal was not an administrative Tribunal since appeals from it did not lie to the Federal High Court (FHC), a...