Olaniwun Ajayi LP

July 23, 2025

Taxing-Non-Resident-Companies under the Tax Reform Acts

Taxing Non-Resident Companies Under the Tax Reform Acts

As part of Olaniwun Ajayi LP’s ‘Deconstructing the Tax Reform Acts’ Series, this article is focused on taxes imposed on Non-Resident Companies (Including Persons Engaged in Shipping and Air Transport...

July 16, 2025

Employment Income Taxation Under the Tax Reform Act

Employment Income Taxation under the Tax Reform Acts: A Compliance Guide for Employees and Employers

On June 26, 2025, President Bola Ahmed Tinubu signed into law four landmark pieces of legislation: the Nigeria Tax Act (NTA), the Nigeria Tax Administration Act (NTAA), the Nigeria Revenue...

May 19, 2025

Analysis of the latest cases in Nigerian Taxation May 2025

Federal High Court Upholds TAT Decision in Relation to the Constitutionality of the Income Tax (Country-by-Country Reporting) Regulation 2018

On 5 May 2025, the Federal High Court, Lagos Division, affirmed a Tax Appeal Tribunal decision that set aside administrative penalties the Federal Inland Revenue Service (FIRS) had imposed on...

April 25, 2025

Q1 Review of the Nigerian Tax Landscape

Q1 2025 Review of the Nigerian Tax Landscape

The first quarter of 2025 started with strong momentum, and it points to an eventful year for the Nigerian tax landscape. Although it is still early, the quarter has already...

April 24, 2025

Demystifying Taxation in Nigeria: Addressing Common Misconceptions in Tax

Personal income tax in Nigeria is widely misunderstood. Below, we address six common misconceptions under the Personal Income Tax Act (as amended) (PITA). 1. I don’t have to pay personal...

April 22, 2025

A Review of the FIRS Advance Pricing Guidelines 2024

A Review of the FIRS Advance Pricing Agreements Guidelines 2024

Nigeria has activated its Advance Pricing Agreement (APA) regime. The Federal Inland Revenue Service (the Service) released detailed APA Guidelines on 27 November 2024, and they took effect on 1...

February 14, 2025

Nigerian Tax Landscape in 2025

Tax Wrap Up Report and Outlook 2025

It has been said that there are decades where nothing happens and weeks where decades happen. This sentiment has never been more relevant than in the 2024 fiscal year. This...

October 31, 2024

Nigerian Tax Updates Q3 2024

Nigeria Tax Updates in Q3 2024

The penultimate quarter of 2024 saw significant developments in Nigeria’s tax landscape. It brought key Tax Appeal Tribunal rulings, incentives for the oil and gas sector and new Federal Inland...

October 24, 2024

Newsletter on Deep Offshore Production and Tax Incentives 2024

Deep Offshore Production: 2024 Tax Incentives

On October 2, 2024, the Minister of Finance and Coordinating Minister of the Economy unveiled the Notice of Tax Incentives on Deep Offshore Oil and Gas Production, 2024 (the Notice)....

September 17, 2024

Olaniwun Ajayi ranks in 2025 Global Tax Rankings for Lawyers

Olaniwun Ajayi, Lawyers rank in ITR 2025 World Tax Rankings

We are pleased to announce that the International Tax Review (ITR) has recognised Olaniwun Ajayi in its 2025 ITR World Tax Rankings. This annual publication ranks the world’s leading tax...

July 23, 2025

Taxing-Non-Resident-Companies under the Tax Reform Acts

Taxing Non-Resident Companies Under the Tax Reform Acts

As part of Olaniwun Ajayi LP’s ‘Deconstructing the Tax Reform Acts’ Series, this article is focused on taxes imposed on Non-Resident Companies (Including Persons Engaged in Shipping and Air Transport...

July 16, 2025

Employment Income Taxation Under the Tax Reform Act

Employment Income Taxation under the Tax Reform Acts: A Compliance Guide for Employees and Employers

On June 26, 2025, President Bola Ahmed Tinubu signed into law four landmark pieces of legislation: the Nigeria Tax Act (NTA), the Nigeria Tax Administration Act (NTAA), the Nigeria Revenue...

May 19, 2025

Analysis of the latest cases in Nigerian Taxation May 2025

Federal High Court Upholds TAT Decision in Relation to the Constitutionality of the Income Tax (Country-by-Country Reporting) Regulation 2018

On 5 May 2025, the Federal High Court, Lagos Division, affirmed a Tax Appeal Tribunal decision that set aside administrative penalties the Federal Inland Revenue Service (FIRS) had imposed on...

April 25, 2025

Q1 Review of the Nigerian Tax Landscape

Q1 2025 Review of the Nigerian Tax Landscape

The first quarter of 2025 started with strong momentum, and it points to an eventful year for the Nigerian tax landscape. Although it is still early, the quarter has already...

April 24, 2025

Demystifying Taxation in Nigeria: Addressing Common Misconceptions in Tax

Personal income tax in Nigeria is widely misunderstood. Below, we address six common misconceptions under the Personal Income Tax Act (as amended) (PITA). 1. I don’t have to pay personal...

April 22, 2025

A Review of the FIRS Advance Pricing Guidelines 2024

A Review of the FIRS Advance Pricing Agreements Guidelines 2024

Nigeria has activated its Advance Pricing Agreement (APA) regime. The Federal Inland Revenue Service (the Service) released detailed APA Guidelines on 27 November 2024, and they took effect on 1...

February 14, 2025

Nigerian Tax Landscape in 2025

Tax Wrap Up Report and Outlook 2025

It has been said that there are decades where nothing happens and weeks where decades happen. This sentiment has never been more relevant than in the 2024 fiscal year. This...

October 31, 2024

Nigerian Tax Updates Q3 2024

Nigeria Tax Updates in Q3 2024

The penultimate quarter of 2024 saw significant developments in Nigeria’s tax landscape. It brought key Tax Appeal Tribunal rulings, incentives for the oil and gas sector and new Federal Inland...

October 24, 2024

Newsletter on Deep Offshore Production and Tax Incentives 2024

Deep Offshore Production: 2024 Tax Incentives

On October 2, 2024, the Minister of Finance and Coordinating Minister of the Economy unveiled the Notice of Tax Incentives on Deep Offshore Oil and Gas Production, 2024 (the Notice)....

September 17, 2024

Olaniwun Ajayi ranks in 2025 Global Tax Rankings for Lawyers

Olaniwun Ajayi, Lawyers rank in ITR 2025 World Tax Rankings

We are pleased to announce that the International Tax Review (ITR) has recognised Olaniwun Ajayi in its 2025 ITR World Tax Rankings. This annual publication ranks the world’s leading tax...