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Month: May 2020

FIRS WAIVES INTEREST AND PENALTIES ON OUTSTANDING TAX LIABILITIES FOR TAXPAYERS

The Federal Inland Revenue Service (“FIRS”) introduced several measures to mitigate the effect of the COVID-19 Pandemic on taxpayers. (Please see our updates on the initial palliative measures on our website). On 30th April, 2020, the FIRS issued a public notice titled “Update on the Palliative Measures to Cushion the Effects of COVID-19 on Taxpayers […]

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CAC GUIDELINES ON HOLDING ANNUAL GENERAL MEETING BY PROXY AS A RESULT OF THE COVID-19 PANDEMIC

In line with the need to address the impact of the COVID-19 pandemic outbreak on the Nigerian business environment and corporate governance in Nigeria, the Corporate Affairs Commission (“CAC”) has issued guidelines for the conduct of Annual General Meeting (“AGM”) of companies by proxy. The Commission noted that in view of the pandemic, companies can […]

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