On Dec. 19, 2023, Treasury announced the entry into force of the U.S.-Chile bilateral income tax treaty (the Tax Treaty). The Tax Treaty is the first new comprehensive.
The Lagos Zone of the Tax Appeal Tribunal has ruled that Dangote Sugar Refinery Plc has paid all the tax liability owed to the Nigerian Government following the payment of the revised final additional assessment in the sum of N220,973,124. Dangote Sugar Refinery Plc sued the Federal Inland Revenue Service, asking the Tribunal to enter judgement on the revised final additional assessment in the sum of N220,973,124, a tax liability already paid covering 2008 to 2013 years of assessment.
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