Tax Advisory Services

Expertise

Tax Advisory Services

The administrative instruments currently existing for tax management in Nigeria include:

The Federal Board of Inland Revenue (FBIR)
The Joint Tax Board (JTB)
The State Board on Internal Revenue (SBIR)
Local Government Revenue Committee
Joint State Revenue Committee

Our tax team has considerable experience in offering practical and efficient solutions to complex tax matters. We have a diverse client base including financial institutions, multinational corporations and governmental bodies. Our lawyers work closely with clients to create innovative structures and solve complex tax issues arising from transactions, controversies and general business operations. We have expertise in providing tax advice, tax risk analysis, tax arbitration, tax compliance reviews and providing implementation support to clients.

Practice on Corporate Commercial

Taxation of Non-Residents in Nigeria

A Non-resident is liable to taxation on income derived or received from Nigeria. Nigeria’s tax regime defines a Non-resident individual as a person who derives income in Nigeria but is not domiciled in Nigeria or does not stay in Nigeria for more than 183 days within a twelve months period.

Administrative Set Ups

The Federal Board of Inland Revenue (FBIR)

Our team of corporate lawyers reflects our much valued entrepreneurial approach to clients’ needs. Our corporate law team advises on business formation, incorporation, capital markets, mergers and acquisitions, equity issues, corporate reorganisations, general company law, corporate governance and privatisations.

The Joint Tax Board (JTB)

The JTB is more of an advisory “committee” comprising of representatives of the federal government and each of the 36 federating states in Nigeria.

The State Board on Internal Revenue (SBIR)

Apart from implementing policy decision as it affects the state tax regime, SBIR is also responsible for the assessment and collection of PAY AS YOU EARN (P.A.Y.E.) and other Personal Income Tax requirements. Pool betting and lottery are imposed and managed by the SBIR. Other taxes collected by SBIR include but are not limited to withholding tax (individual only), capital gains tax (individual only), etc.

Local Government Revenue Committee

Taxes and Levies collected by the Local Government Revenue Committee include but are not limited to:

- Tenement rates
- Marriage, birth and death registration fees
- On and off liquor licence
- Radio and television licence fees
- Vehicle parking charges
- Shops and Kiosks rate
- Signboard and advertisement permit fees
- Domestic animal licence fees, etc.

Joint State Revenue Committee

The Joint State Revenue Committee is in essence a State based committee fashioned along the line of JTB. It comprises of representatives of the State Internal Revenue Services, local government revenue committees and affairs and an observer from the National Revenue Mobilisation, Allocation and Fiscal Commission.

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