The South African Revenue Service (SARS) has announced that it would temporarily allow taxpayers to report information on controlled foreign corporations (CFCs) under the old filing rules, which were replaced last February. The SARS had on 26 February 2018, replaced the old IT10B Adobe PDF schedule with a simplified MS Excel IT10B schedule. The new […]
A Federal High Court, Abuja has granted granted the prayers of the Federal Inland Revenue Service (FIRS), First Bank of Nigeria Limited and an indigenous company, Biatemp Ventures Ltd, seeking an out of court settlement in a N25 billion damages suit filed against the lender and the FIRS by the firm over alleged account manipulation. […]
A European Union consultation is ongoing on a draft Directive that would make permanent the provision in the EU VAT Directive
