Tax implications of e commerce in nigeria

The Internet has in many ways facilitated the development of businesses worldwide that can reach out to a wider consumer base and advertises their products more effectively and efficiently. Corporate communications, interface designs, cutting edge applications are also found on the Internet.

Tax implications of e commerce in nigeria

Access is free for in-house lawyers, and by subscription for law firms. For more information, contact david. Adrian Chek is advising a client on the tax issues related to a major transport infrastructure project; he and senior counsel Jennee Chan also assisted Goldman Sachs with its joint venture with Propertylink to acquire a large industrial portfolio.

Bermuda's International and Local Companies and Limited Partnerships G to L

Managing associate Shaun Cartoon is another name to note in Melbourne; he supported Sarah Bernhardt in her advice to the Australian Post Superannuation Scheme on regulatory compliance issues arising from updates to its products. Dispute resolution and litigation specialist Toby Knight is also recommended.

Recent work highlights also include significant disputes pertaining to cross-border tax and royalty issues and agreement breaches. It acts for blue-chip clients in the full range of tax mandates with a particular expertise in the private equity space.

In terms of disputes work, the recommended Michael Clough and Jerome Tse represent Chevron in an appeal against a Federal Court decision pertaining to a transfer pricing case initially filed by the Australian Taxation Office. Noted for handling the full spectrum of tax work, the group is particularly strong in disputes management.

Sydney-based practice head Andrew Sommer is challenging the Commissioner of Taxation regarding his decision to withhold a refund on behalf of ABC Refinery.

Other names to note include Peter Feros who specialises in income tax, and Jonathan Donald who has a strong track record in corporate taxation and issues arising from IPOs and transactions.

The tax controversy team is led by Carmen McElwain who advised the Australian subsidiary of a multinational corporation on the tax implications arising from the closure of a power plant; Nathan Deveson heads the stamp duty and state taxes unit.

Chris Kinsella represented the Commission of Taxation in transfer pricing litigation proceedings against Chevron, and national head of indirect tax Rhys Guild and Deveson advised Australian Unity on all tax aspects of the Herston Quarter project in Brisbane.

The University of Melbourne is a key client who appointed the team to handle all tax issues related to its plan to construct, operate and maintain new student accommodation. Senior associate Simone Bridges is another key contact.

Along with assisting overseas investors such as private equity funds and corporate entities, the team has a particular strength in tax structuring issues arising from real estate investment transactions.

Other work highlights include transfer pricing for intra-group financing arrangements, regulatory advice, interactions with the Australian Taxation Office, and risk assessments.

On the regulatory side, the recommended Richard Gelski advised a major multinational corporation on the potential application of incoming legislative changes. Special counsel Andy Milidoni has a particular strength in income tax, trust and superannuation law.

Wong is supported by counsel Angela Melick and associate Alice Morstyn. Practice head Muhunthan Kanagaratnam has a particular strength in financial services, manufacturing and the transport and logistics industries.

He and Hanh Chau advised two investment firms on the acquisition of a pharmaceuticals business, and an Australian conglomerate on the establishment of employee share schemes and the stamp duty implications of a potential IPO. Other key names include special counsel and indirect tax law expert Adam Musgrave who advised Arrium on the disposal of its Moly-Cop business through a dual track trade sale and IPO.The growth of e-commerce has the potential to increase competition within retail markets, to greatly enhance consumer choice, and to prompt and facilitate innovation in product distribution.

The OECD held a roundtable in June to explore the growing phenomenon of e-commerce in terms of its implications for competition law and policy. Implications.

The inclusion of software development, e-commerce activities, real estate investment schemes (REIS) and mortgage backed securities are a positive development as these sectors have not had significant investments in the past.

A FATCA (Foreign Account Tax Compliance Act) / CRS (Common Reporting Standard) declaration was prepared by financial institutions/ intermediaries to comply with the Central Board of .

Tax implications of e commerce in nigeria

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Accounting and Business magazine is a rich source of CPD. If you read it to keep yourself up to date, it will contribute to your non-verifiable CPD. INTRODUCTION. BACKGROUND INFORMATION ON NIGERIA The Federal Republic of Nigeria is a tropical country on the West African Coast along the Gulf of Guinea, with the Republic of Benin to the West, Niger to the North, Chad to the North-East and Cameroon to .

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