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CRYPTOCURRENCIES, TAXES AND NIGERIA

The digital world is here to stay. It is the new normal. This realization was responsible for the conclusion of the OECD that the digital economy cannot be ringfenced for tax purposes as digitalization has imprinted virtually every sector of the world’s economies.

Partnership with Project Lead to educate teenagers

We are committed to partnering with other institutions that align with the UN Sustainable Development Goals in attaining quality education. We partnered with ProjectLEAD @projectleadng, an NGO run by Amaka Amalu, to educate young teens on making the right career choices. The event took place at Topfield College in Apapa. The Firm was represented by Modupe Olusoga, Agbada S. Agbada, Dan Whisky and Munachimso Odibo.

CONSTITUTION AMENDMENT BILL NO. 19, 2022 AND SWIFT ADMINISTRATION OF JUSTICE IN NIGERIA: A COMMENTARY.

The Constitution of the Federal Republic of Nigeria (Fifth Alteration) Bill No. 19, 2022 (“the Bill”) sought to amend Chapter VII, Part IV of the Principal Act (the 1999 Constitution), by inserting after the existing section 287, a new section ‘287A’, that will comprise 10 (ten) clauses. Clause 2 of the Bill proposed to mandate every trial superior court of record to deliver judgment on a matter before it, within 270 days (about nine months) from the date of the filing.

AVIATION FINANCE & LEASING 2022

Tax disputes in Nigeria are primarily resolved by the courts and the Tax Appeal Tribunal (TAT). The Constitution of the Federal Republic of Nigeria, 1999 (as amended) and the Taxes and Levies (Approved List for Collection) Act, LFN 2004 provide for the assessment and collection of taxes by the federal, states and local governments. The jurisdiction of the courts over tax disputes derives from whether the taxes are federal, state or local government taxes. Jurisdiction over taxes administered at both the federal and state levels, such as stamp duties, is determined by the legal personality of the taxpayer and for individuals, their place of residence.

Dominance 2022

The FCCPA defnes dominance in section 70(2) as a market situation where an undertaking enjoys a position of economic strength enabling it to prevent effective competition from being maintained on the relevant market and having the power to behave to an appreciable extent independently of its competitors

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