Category Archives: Tax Law

EXCLUSIVE: Nigerian govt clarifies 27 businesses to enjoy tax break under pioneer status

The federal government on Monday gave clarifications on businesses that would qualify to enjoy pioneer status under the additional 27 new industries and products approved last week by the Executive Council of the Federation, FEC. Full story

Source: www.premiumtimesng.com

Posted by Amaka, 10 August 2017

GOVERNOR DICKSON OF BAYELSA SIGNS 3 BILLS INTO LAW

In a bid to promote good governance, the governor of Bayelsa State, Seriake Dickson, signed the Prerogative of Mercy, Revenue Court Amendment, and Infrastructure Maintenance Levy Amendment bills into law. Full story

Source: https://venturesafrica.com/governor-dickson-of-bayelsa-signs-3-bills-into-law/

Posted by Hussaini Ali January 26, 2017

Nigeria: Senate Moves to Review Tax Laws to Enhance Investment Drive

Senate President, Bukola Saraki, wednesday said the eighth Senate would improve investment drive in Nigeria by streamlining Nigeria’s multiple taxation system. Full story

Source: http://allafrica.com/stories/201610130842.html

Posted by Hussaini Ali October 15, 2016

Nigeria: Education Tax – Catholic Threatens Lawsuit Against Fayose’s Govt

Following the introduction of a N1,000 development levy for both public and private schools in Ekiti state by Governor Ayodele Fayose’s government, the Catholic diocese of Ekiti has threatened to sue the government for the action it described as a flagrant violation of the country’s tax policy. Full story

Source: http://allafrica.com/stories/201604220188.html

Posted by Hussaini Ali 23rd April, 2016

Collection of Illegal Taxes on Highways

The resort of some state and local government officials to the mounting of roadblocks on the nation’s highways for the purpose of collecting sundry illegal taxes and levies from   travellers has drawn the ire of the National Economic Council (NEC). Full story

Source: http://www.sunnewsonline.com

Posted by Amaka, 3 September 2013

Amaechi: We Will be Ruthless in Tax Collection

Rivers State Governor, Chibuike Amaechi, has said his administration would be ruthless in the collection of taxes in 2013.He said the state would also ensure that tax defaulters were prosecuted and jailed if found guilty.Amaechi spoke at the maiden town hall meeting with the legal practitioners, on the theme: ‘Justice Delayed Equals Justice Denied,’ at the High Court in Port Harcourt Monday. Full story…

Source: http://www.thisdaylive.com

Posted by Amaka, 4 December 2012

Tax Law

Halliburton vs. FIRS: Judgment Review

 
By Olalekan Sowande
LAGOS Zone of the Tax Appeal Tribunal (the tribunal) on Friday, September 14, 2012, in what could be considered a watershed in the development of Nigeria’s jurisprudence on taxation, delivered its judgment in the case of Halliburton Energy Services Nigeria Limited (Appellant) vs. Federal Inland Revenue Service (FIRS). The judgment of the tribunal has, undoubtedly, reinforced the time-honored fundamental principle of tax law that what could be collected as tax by the state must be clearly enacted by the Legislature. The foundation of this principle was established in Article 4 of the English Bill of Rights (1689) where it was stated “that levying money for, or to the use of the Crown by pretence of prerogative, without consent of Parliament is illegal….”Full story…
Posted by Amaka, 30 October 2012