Alliance Law Firm

CategoriesTax

The Senate and the House of Representatives have passed the Finance Bill 2022

The Senate and the House of Representatives have passed the Finance Bill 2022 Background The National Assembly passed the Finance Bill 2022 (“the Finance Bill”) on 28 December 2022. The Finance Bill introduces certain amendments to existing tax laws including the Companies Income Tax Act (CITA), Customs, Excise Tariff, etc. (Consolidation) Act, Personal Income Tax […]

CategoriesTax

The Federal Inland Revenue Service (FIRS) Appoints MTN, Airtel and Banks as VAT Collection Agents

The Federal Inland Revenue Service (FIRS) Appoints MTN, Airtel and Banks as VAT Collection Agents The Federal Inland Revenue Service (FIRS) Appoints MTN, Airtel and Banks as VAT Collection Agents The FIRS has issued a Public Notice (the “Notice”) appointing MTN, Airtel and all money deposit Banks (as defined in the Central Bank of Nigeria […]

CategoriesTax

Judicial Intervention in Tax Dispute Resolution

The judiciary plays a crucial role in the administration of justice. Applicable tax laws in Nigeria clearly define the procedures for tax appeal and for challenging any decision of tax authorities. Unfortunately, taxpayers hardly explore this avenue in asserting their rights and entitlements in the wake of tax related disputes. This creates situations where tax […]

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