CategoriesTaxThe 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 […]
CategoriesLegalIn furtherance of the CBN’s objective to deepen financial inclusion in Nigeria, the apex financial regulator has invited innovators to submit their expression of interest to participate in its Regulatory Sandbox (the “Sandbox”) in accordance with its Framework for Regulatory Sandbox Operations before the 1st of February 2023. Application is via the link https://sandbox.cbn.gov.ng/ The […]
CategoriesTaxThe 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 […]
