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 […]
CategoriesTaxThe 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 […]
CategoriesFirm News Firm UpdateWe are pleased to announce that our Managing Partner, Uche Val Obi SAN, FCARB, ChMC will be Chairing the 2022 Hybrid Annual Conference Planning Committee, hosted by The Nigerian Institute of Chartered Arbitrators (NICArb). This year’s conference themed “The Future of Arbitration and ADR in Africa: Developments & Sustainability” will focus on the means and […]
CategoriesFirm NewsWe are glad to announce that Alliance Law Firm won the Media and Entertainment Team of the Year at the 2022 My ESQ Legal Awards. The firm also made the final shortlist in the following categories: The recognition accorded to the firm and our staff is simply a testament to our dedication towards excellence in […]
CategoriesLegal*Samuel Ngwu, CIPP/E INTRODUCTION: On Thursday 19th of October, 2022, President Muhammadu Buhari signed the Nigeria Startup Bill into law, thus bringing Nigeria in the list of African countries with Startup laws. The Nigerian Startup Act, 2022 (the Act) defines the nature of startups in Nigeria, their scope, operations, incentives and limitations to attract foreign investors […]
CategoriesFirm UpdateThe management and staff of Alliance Law Firm on Saturday 8th of October 2022 hosted a large gathering of friends, clients, senior lawyers and family members in a triple celebration. The law firm celebrated its 20th year anniversary, the founder’s silver jubilee and the fourth edition of its annual lecture series. In his welcome address, […]
CategoriesFirm UpdateAlliance Law Firm congratulates our Associate, Adedoyin Fadare, on his election as the Assistant General Secretary of the Intellectual Property Law Association of Nigeria (IPLAN). He was elected at the IPLAN Annual General Meeting that held on 18th of December 2020. The Firm wishes Adedoyin the very best during his term with IPLAN.
CategoriesNewsPresident Muhammadu Buhari, on 16 August 2021, signed the Petroleum Industry Bill (PIB), 2021 into law, following its passage by the National Assembly in July 2021, ending a long wait since the early 2000s. This marks a significant milestone for Nigeria’s oil industry and a historic achievement.
