Nigeria: Taxpayer’s deductions for bad debts allowed, but deductions for public relations disallowed

A Tax Appeal Tribunal decision concerning allowable expenses - bad debts and public relations expenses

A decision concerning allowable expenses - bad debts and public relations expenses

The Tax Appeal Tribunal Lagos Zone held that deductions by the taxpayer, a financial services institution offering banking products and services to both serving and retired members of the Nigerian Police Force as well as the general public, for certain bad debts must be allowed, but its deductions for certain public relations expenses could be disallowed.

The case is: NPF Microfinance Bank PLC v. Federal Inland Revenue Service

Read an October 2023 report [PDF 1.2 MB] prepared by the KPMG member firm in Nigeria


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