Latest News

Latest News2022-08-14T08:56:37+00:00

New Rules on Issuance, Offering Platforms And Custody of Digital Assets

Recall that on 14 September 2020 the Securities and Exchange Commission “SEC” released a Statement on Digital Assets and their Classification and Treatment to regulate crypto-token or crypto-coin investments detailed in our

By |June 21st, 2022|Categories: Publications|0 Comments

ATTORNEY GENERAL OF RIVERS STATE V. FEDERAL INLAND REVENUE SERVICE & A.G FEDERATION: THE COURT’S DECISION

The Federal High Court recently ruled that the Federal Government is not empowered to make tax laws in relation to VAT, withholding tax, education tax and technology tax . The

By |December 9th, 2021|Categories: Newsletter, Publications|0 Comments

COMPENDIUM ON BANKING AND PAYMENT SYSTEM FRAMEWORKS,CIRCULARS AND GUIDELINES IN NIGERIA

The Fintech Association of Nigeria in collaboration with TONBOFA Law Practice has published a First Volume Compendium of Fintech regulations. It will serve as a point of reference to all

By |September 30th, 2021|Categories: Publications|0 Comments

FEDERAL HIGH COURT PRACTICE DIRECTION ON FEDERAL INLAND REVENUE SERVICES (FIRS) 2021

The Federal High Court issues Practice Direction for Determination of Tax Disputes See below for more on the provisions of the Practice direction. Read more

By |July 7th, 2021|Categories: Publications|0 Comments

SUMMARY OF THE NATIONAL PENSION COMMISSION NOTICE ON COMPLIANCE WITH THE GUIDELINE ON GROUP LIFE INSURANCE POLICY FOR EMPLOYEE

The Nigerian National Pension Commission has mandated employers to whom the Pension Act relates to comply with the Guideline on Group Life Insurance Policy (GLIP) for Employees on or before

By |May 27th, 2021|Categories: Publications|0 Comments

SUMMARY OF GUIDELINE ON THE TAX TREATMENT OF NON-GOVERNMENTAL ORGANISATIONS

According to the Nigerian FIRS Guideline on Tax treatment of Non-governmental organisation, NGOs are subject to a number of taxes such as income tax, Capital Gains Tax etc. Read more

By |May 18th, 2021|Categories: Publications|0 Comments

Summary Of Provision Of The Significant Economic Order And Compliance Steps

According to the Nigerian Finance Act, foreign companies which provide some specific services to Nigerians or persons resident in Nigeria may be liable to pay Companies Income Tax if they

By |May 5th, 2021|Categories: Publications|0 Comments
Go to Top