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.
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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
ArticlesGovernance0THE NIGERIAN DATA PROTECTION BUREAU ISSUES A DRAFT CODEOF CONDUCT FOR DATA PROTECTION COMPLIANCE ORGANISATIONS
Under the Nigerian Data Protection Regulations 2019 (NDPR), a Data Protection Compliance Organisation (DPCO) is ‘any entity duly licensed by [the Nigerian Data Protection Bureau] for the purpose of training, auditing, consulting and rendering services and products for the
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
ArticlesCorporate LawLaw and Order0IMPLICATIONS OF THE ARBITRATION AND MEDIATION BILL ON SETTING ASIDE AN ARBITRAL AWARD
The Arbitration and Mediation Bill, 2022 (HB. 91) (the “Bill”) went through third reading and passage by the Senate on 10th May 20221 and is currently awaiting presidential assent. The Bill which seeks to repeal the Arbitration and Conciliation Act, 1988 (the “ACA”), proposes fundamental changes to the conduct of arbitration and enforcement of an arbitral award.
The Federal Competition and Consumer Protection Act, 2018 (“FCCPA” or the “Act”) was enacted with the objects of promoting and maintaining competition in the Nigerian economy, protecting and promoting the interests and welfare of consumers and prohibiting restrictive trade and business practices which hamper competition.1 To realize these objects, the Act vests the Federal
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.
The Nigerian Startup Act, 2022 (the “Act”) was signed into law by President Muhammadu Buhari on 19 October 2022. The Act aims to provide a legal and institutional framework for the development of startups in Nigeria by providing an enabling environment for the establishment, development, and operation of startups in Nigeria, providing for the development and growth of technology-related talent, and positioning Nigeria’s startup ecosystem as the leading digital technology centre in Africa, having excellent innovators with cutting edge skills and exportable capacity.
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.
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