Tax considerations will often affect and may even dictate the form of a transaction. The Partnership therefore pays particular attention to the tax implications of every area of its practice in order to ensure that at all times clients are advised on the tax implications of proposed transactions or of their operations in general. The objective is to develop tax efficient structures to meet the commercial aims of clients, guide clients through compliance procedures and handle taxation disputes for clients if and when the need arises. We recently secured very substantial savings on Stamp Duties payable in respect of a financing package with cross border elements using documentation techniques that allowed us to make use of the applicable provisions of the law.
Members have been involved in the representation of clients in tax matters before the Federal and State High Courts as well as the various revenue and other tax gathering tribunals set up at the state and local government levels. We have had a measure of success in persuading these latter judicial and quasi-judicial bodies that they have little or no jurisdiction in respect of taxation of companies and other persons subject to Federal Tax Laws.
Address on Ascon
The National Assembly has requested to be addressed on the issue of the sale of ALSCON. The powers of the National Assembly are extensive Section 88 of the Constitution of the Federal Republic of Nigeria Provides ? read more >>>
Legal issues in Mergers and Acquisition
in Nigeria following CBN directive on minimum share holders fund and its implication for bank consolidation
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