Transfer Pricing (TP) in Nigeria entered a new phase of its development when the Tax Appeal Tribunal (TAT) on the 19th February 2020 (TAT) delivered its judgment in the case of Prime Plastichem Nigeria Limited v. Federal Inland Revenue Service1 (the PPNL case);

The House of Senate and House of Representatives passed the Finance Bill on 15th and 17th December, 2020 respectively. On the 31st of December, 2020 the President of the Federal Republic of Nigeria gave his presidential assent and the Act took effect from 1st January, 2021. Below are some important things you should know about the new law:

CITATION: [2020]13 NWLR PT.1740 PG.. 2 Courtesy: Moruff O. Balogun Esq. Summary of Facts:The appellant, a legal practitioner, was a post-paid customer of the respondent on his GSM line No. 0803-720-0757. The appellant claimed that the respondent breached its contractual obligations to him when, for a cumulative period of thirty-one days, it blocked/ disconnected the

By ThankGod Nwedukwu, Esq. INTRODUCTION: Summary dismissal is a common law right of the employer to terminate the contract of service of an employee without option of issuance of a month notice or payment of a month salary in lieu of the notice. Unlike other options available for determination of contract of service, the employer

CITATION: [2019]11 NWLR PT.1682 AT 165. Courtesy: Moruff O. Balogun Esq. Summary of Facts:The respondent is a public limited liability company. The appellants were some of its employees. The respondent informed its employees that it intended to declare some of them redundant, and that employees declared redundant and paid, should vacate its quarters within a

By Chiedozie Kelechi Ogbu and Eze Kenechukwu INTRODUCTION The need for an advanced tax ruling may arise where there is an uncertainty as to the correct application or interpretation of tax law to a set of facts. In such cases, the tax payer can apply to the tax authority for an interpretation of the statute