Taxation / Corporate Governance
Tax laws affect everything that our clients do. This means our advice must be legally skilled and commercially aware, and is typically a product of the deployment of minimisation/avoidance techniques. There is no room for error, and our team of skilled experts are more than prepared to deliver the value our clients expect.
In fact, we meet this challenge head on by embedding our tax expertise in all our services to both corporate and private clients. We ensure that every lawyer assigned to the transaction or case proactively asks about, is aware of, and understands any significant tax issues or implications, and is prepared to propose realistic options for the client. This means that our clients can be confident that we have considered any probable impact of Nigerian tax laws and regulations on their decisions and initiatives.
Our leading services:
- Transfer pricing and related party transaction advisory
- Tax avoidance/deferment structures in commercial transactions
- Personal income tax and employment related remittances
- Advisory on tax incentives, benefits, free trade zone corporate structures, and non-resident persons’ tax remittance compliance
- Estate transfer, wills, and gift disposition structures to reduce tax exposures to the barest minimum permissible by law
- Thorough, responsive, and accurate advice on all aspects of business and individual taxation in Nigeria
- Industry-specific and deal-specific analyses of tax issues and implications in the banking, construction, and real estate, oil & gas, and power sectors
Examples of the value we’ve delivered for clients:
- Advising on the tax remittance compliance for non-resident companies in a multi-party trade structure
- Transaction structure for a foreign company deemed to have significant presence in Nigeria following the enactment of the Income Tax (Significant Presence) Order of 2020
- Preparing and monitoring a tax remittance schedule on a tiered payment transaction involving multinational parties.
- Advising an FMCG giant in Nigeria on the transaction structure for a related party foreign loan transaction to ensure compliance with the arms-length requirement
- Successfully prosecuted a suit at the Federal High Court in which demand notices issued by the Rivers State Ministry for Commerce & Industry against two telecommunications infrastructure service provider companies for payments in excess of N2 billion as business registration/renewal of business places and penalty for non-compliance were declared illegal
