Month: August 2020

Posted on August 24, 2020 by Blackwood & Stone LP

THE SIGNIFICANT ECONOMIC PRESENCE ORDER 2020

EXECUTIVE SUMMARY The concept of digital services taxation is fast becoming a global trend and has been a subject of discussion by the OECD through its Base Erosion and Profit Shifting (BEPS) Project, with several ongoing proposal talks with member countries. Nigeria like some countries has taken steps ahead of the OECD in taxing its […]

Posted on August 12, 2020 by Blackwood & Stone LP

HIGHLIGHTS OF THE NEW COMPANIES AND ALLIED MATTERS ACT 2020

INTRODUCTION The signing of the Companies and Allied Matters Act, 2020 (“CAMA, 2020”) into law by President Muhammadu Buhari on the 7th of August, 2020 rides on the successful enactment of the Finance Act which fundamentally repositions Nigeria tax legislations and the enactment of the Federal Competition and Consumer Protection Act of 2019 which represents […]