Oserogho & Associates

Inheritance and Gift Taxes Introduction The generally held opinion in Nigeria is that there is no Inheritance and Gift Taxes in Nigeria. This is despite the enforcement of a Ten per cent (10%) Estate Fee charged on a…more

COMPANY FORMATION In Nigeria, the most common form of business formation and registration is a registered company. Under Nigerian Law, a company is a voluntary association of a number of persons united to carry on a…more

Legal Alert – February 2013 – Co-operative Societies: Laws, Taxes & Regulations 1. Legal Alert – February 2013 – Co-operative Societies: Laws, Taxes & Regulations. 2. Disclaimer Notice. 3. Copyright…more

Legal Alert – January 2013 – Limitation Law 1. Legal Alert – January 2013 – Limitation Law 2. Disclaimer Notice 3. Copyright Notice Introduction There is usually a Limitation Law, in many countries, which requires…more

Introduction – Property Taxes in Nigeria There are various taxes that apply to real estate or real property transactions in Nigeria. The common public representation or perception that there are no real property or real…more

1. Tax Alert – The Income Tax (Transfer Pricing) Regulations, No. 1, 2012 2. Disclaimer Notice 3. Copyright Notice The Income Tax (Transfer Pricing) Regulations, No. 1, 2012 Introduction The proposed Income Tax…more

Legal & Tax Alert – Companies’ and Personal Withholding Tax Regime Introduction Withholding Tax (“WHT”) is an advance tax payment which is deducted and withheld from any income or disbursement due to a taxable person or to…more

1. Tax Alert – Personal Income Tax Residency Rules 2. Disclaimer Notice 3. Copyright Notice Personal Income Tax Residency Rules The controversy over which State Government is the relevant tax authority authorised to…more

1. Tax Alert – Minimum Tax and Dormant Companies 2. Disclaimer Notice 3. Copyright Notice Tax Alert - Minimum Tax and Dormant Companies General Introduction The inability of global economies to come out of recession…more

In this Issue 1. June 2012 – Limited and General Partnerships. 2. Copyright and Disclaimer Notices. 3. Subscribe and Unsubscribe. Introduction Partnership is one of the most common forms of establishing a business in…more

In this Issue 1. May 2012 – Admissibility of Electronic Evidence 2. Copyright and Disclaimer Notices 3. Subscribe and Unsubscribe Introduction The inestimable benefits of the various advancements in information and…more

A proper understanding of the various federal, state and local government licensing and regulatory regimes in the Hotels, Hospitality and Tourism markets in Nigeria is critical to the execution and substance of a viable business…more

The Nigerian Industrial Training Fund Act 2004 has been amended by the Industrial Training Fund (Amendment) Act 2011. The Industrial Training Fund is established to utilise contributions to the Fund to “promote and…more

The Personal Income Tax (Amendment) Act 2011 ("PIT 2011") has amended the Personal Income Tax Act, 2004 by consolidating all the personal income tax reliefs or allowances into one Consolidated Tax Allowance/Relief ("CTAR") of…more

The Personal Income Tax (Amendment) Act 2011 ("PIT 2011") has amended the Personal Income Tax Act, 2004 by consolidating all the personal income tax reliefs or allowances into one Consolidated Tax Allowance/Relief ("CTAR") of…more