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Nigeria currently operates a self-assessment system. Prior to 1991, tax administration in Nigeria was based exclusively on assessments made by revenue authorities. Focus has since shifted to the self-assessment system as part of the continuing process to encourage voluntary compliance among corporate and individual taxpayer.

The Nigeria's Finance Bill of 2022 (the Bill) has made changes to several fiscal and administrative laws, including the Public Procurement Act, the Capital Gains Tax Act, the Companies Income Tax Act, the Customs, Excise Tariff, etc. (Consolidation) Act, Corrupt Practices and Other Related Offenses Act, the Personal Income Tax Act, the Petroleum Profits Tax Act (PPTA), and the Stamp Duties Act.

On Tuesday 4 April 2023, the President of the Federal Republic of Nigeria delivered the Nigerian Data Protection Bill 2023 (“the Bill”) to the Senate and House of Representatives chambers of the National Assembly for their consideration.

Generally, aviation taxes are complex. With airlines flying across territorial jurisdictions and spending only a portion of their total distance in any particular sovereign state, the question of when and how to tax their income arises.

The Federal Government, through the National Lottery Regulatory Commission (NLRC), regulates lottery and gaming under the National Lottery Act, 2005 and the National Lottery Regulation, 2007(as amended). At the state level, some states also pass laws to regulate the industry such as the Lagos State Lotteries and Gaming Authority Law 2021

In Nigeria, taxation of capital gains is governed by the Capital Gains Tax Act Cap C 1 LFN 2004 (CGTA), Finance Act 2019, Finance Act 2020, and the Finance Act 2021. As outlined in the public presentation of the approved 2023 budget, it is expected that the Finance Bill 2022 will receive

In 2019, the Federal Competition and Consumer Protection Commission Act (FCCPA) was enacted into law. The FCCPA is Nigeria’s first federal competition and consumer protection statute. The FCCPA also establishes the Federal Competition and Consumer Protection Commission (the Commission) and the Federal Competition and Consumer Protection Tribunal (the Tribunal), respectively,

For an employment relationship that is not clothed with statutory flavor, a contract of employment is the basis of that relationship. In a contract of employment, the terms of the relationship, benefits, and responsibilities of the employer and employee are clearly stated. Such terms may include salary, retirement benefits, company policies, and termination.