Taxation

Hermon Barristers & Solicitors are at the forefront of an ever evolving Tax landscape in the Nigerian business scene.

As a leading law firm with a distinguished tax practice in Lagos, we believe that we have to ensure that the tax responsibility of our clients to the Regulatory Authorities are met with. With the tax authorities continually examining the tax compliance strategies of multinationals and domestic companies within Nigeria, we ensure that we devise and develop tax strategies for our clients that can easily fit into the tax regime of the Nigerian government.

The Tax Regime in Nigeria

Tax authorities both at the Federal and State(s) level are interested in increasing the contribution of tax to Nigeria’s GDP, hence the renewed, laser focus on tax compliance, particularly in Nigeria’s leading commercial cities of Abuja and Lagos. The aim is to exponentially increase tax revenues in Nigeria. Add to this is the fact that the multiplicity of tax regimes applicable across Federal, State and Local Government levels across the country presents a going concern for entities and businesses navigating through the country’s commercial scene.

We work with clients to define their Tax Departments and ensure Compliance with extant Lagos Taxation Laws

Many companies and multinationals unwittingly jump into the dragnet of the tax authorities because of non-compliance. To keep pace with the requirements as set out by the regulatory authorities that define and govern the tax regime in Nigeria, our top tax lawyers at Hermon Legal Practitioners helps multinationals and companies with their seat of administration in Lagos to assess their tax compliance and ensure that they can meet the requisite requirements for tax reporting to the authorities.

Our seasoned Lagos tax advisory practitioners ensure that we add significant value to our clients’ business key operations by providing legal representation and tax advisory services on the tax related aspects of their businesses in a broad range of complex, high-value commercial, business and property transactions, as well as general corporate tax matters and tax-related negotiations and litigation in Lagos Courts.

To ensure that we meet and exceed our culture of exceeding clients’ expectations, we dedicate and coordinate our practise groups and consult with seasoned external consultants in order to provide the best, tailor-made services that will specifically suit our clients’ business operations. We do not believe in a one-size-fits all approach, so we work painstakingly to ensure that each client’s solution is tailored specifically to their needs. We are like the gatekeepers that keep bad tax non-compliance out and ensure that even the minutest details do not slip through out net for our clients which range from start-ups, to corporate entities, to cross-border firms with operations in Lagos and other parts of Nigeria.

We have considerable experience interfacing with relevant tax authorities and regulatory bodies in Lagos and Abuja, and we are able to leverage that, coupled with extensive experience handling clients’ tax-related matters, to minimize our clients’ risk exposure and attendant liability, whilst rigorously ensuring our clients’ assured compliance with all relevant laws and regulations.

Why Choose the Tax Advisory Lawyers at Hermon Legal Practitioners, Anthony, Lagos

Lagos is one of the States in Nigeria with a seriously functioning tax regimen that every entity is expected to adhere to. Multinationals, corporates, start-ups, high-value property dealers and other service professionals need to be in compliance with the Tax regimes so as to avoid the sanctions that accompanies non-compliance with applicable tax laws.

Our Tax Advisory services are in the following areas:

  • Companies Income Tax
  • Capital Gains Tax
  • Value Added Tax (VAT)
  • Personal Income Tax
  • Stamp Duties
  • Customs & Excise Duties
  • Tax Appeals
  • Regulatory Advisory
  • Tax Advisory

If your entity is unsure of your tax compliance status in Lagos, or you are in need of general tax advisory to ensure continued compliance with  Lagos tax authorities, then you can reach out to our Tax advisory practice group for a consultation so we can discuss your needs.

KEY CONTACTS

Benjamin Obidegwu, Esq.
Managing Partner
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Dr. Jerome Okoro
Partner
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Ayodele Oguntimehin
Senior Associate
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Ramatu Ibrahim
Associate
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Our Lagos Law Offices

Penthouse Suite, Theodolite House, 306 Ikorodu Road, Anthony, Lagos.