FIRS Lacks the Powers to Impose Turnover Assessment on the Value of Properties –  Federal High Court

FIRS Lacks the Powers to Impose Turnover Assessment on the Value of Properties – Federal High Court

On 29 November 2018, the Federal High Court (the Court) delivered a Judgment on the imposition of turnover assessment in a case between Theodak Nigeria Limited (Theodak) v Federal Inland Revenue Service (FIRS). Based on the Judgment, the FIRS acted ultra vires the powers granted to it under the Companies Income Tax (CIT) Act, by imposing turnover assessment on Theodak based on the value of its property.

NITDA To Enforce Regulations On Public Internet Access

NITDA To Enforce Regulations On Public Internet Access

The National Information Technology Development Agency (NITDA) is to begin the enforcement of compliance with the Public Internet Access (PIA) Regulation which mandates all providers of free internet in open spaces including airports, malls, restaurants and hotels among others to adhere to the regulatory framework for the provision of internet services in locations where members of the public have unfettered access.