Famsville Solicitors

Famsville’s partnership with Viya Law & Consulting Firm

We are glad to announce that Famsville solicitors has entered a partnership with Viya Law & Consulting Firm, the largest, leading and the most focused service provider for Turkey’s Citizenship Program.
We can advise and help compile documents to be submitted for citizenship by investment in Turkey.
Please send an email to pamilerin.adepoju@famsvillesolicitors.com

Famsville’s partnership with Secret Bay Residences Limited

We are glad to announce that Famsville solicitors has entered a partnership with Secret Bay Residences Limited, Caribbean’s most anticipated luxury real estate company and Dominica’s only Citizenship by Investment (CBI) project offering completed villas for immediate purchase with demonstrated rental demand and a competitive exit strategy.
We can advise and help compile documents to be submitted for citizenship by investment in Dominica.
Please send an email to pamilerin.adepoju@famsvillesolicitors.com

Famsville’s partnership with the Canadian Application Processing Services (APS)

We are glad to announce that Famsville solicitors have entered a partnership with the Canadian Application Processing Services (APS), a business advisory company devoted to innovative entrepreneurs from around the globe willing to start their business in Canada.
We can advise and help compile documents to be submitted for Canadian Start-Up Visa Application and applying for Permanent Residency in Canada.
Please send an email to woye.famojuro@famsvillesolicitors.com or pamilerin.adepoju@famsvillesolicitors.com

FIRS lacks the powers to impose turnover assessment on the value of properties

In the recently decided case of Theodak Nigeria Limited (Theodak) v. Federal Inland Revenue Service, the Federal High Court held that the Federal Inland Revenue Service (FIRS) acted ultravires the powers granted to it by the Companies Income Tax (CIT) Act by imposing a turnover assessment on Theodak relying on the value of its property. FIRS argued that Section 65 of CITA vested it with powers to exercise Best of Judgment (BOJ) assessment and its move to subject 20% of the value of Theodak Plaza was a “Best of Judgment Assessment” since Theodak failed to file returns for 2015. FIRS also argued that the action before the court was incompetent as Theodak failed to object to the assessment within 30 days, making the assessment final and conclusive.

The Federal High Court held that the FIRS lacks the powers to impose turnover assessments on the properties of taxpayers even when such taxpayers have failed to file their Annual returns except such company is in the business of selling property and fails to file its annual returns. The Federal High Court sitting at Abuja also held that the wording of Section 69(1) CITA “If anybody disputes the assessment, it may apply to the board by notice of objection in writing…” is to the effect that application to the Board is not mandatory but discretionary.

Ridwan named Legal influencer for TMT- Africa and Middle-East in the Lexology Content Marketing Awards for Q4 2018

We are proud to announce that our Ridwan Oloyede, has been recognised as the Legal influencer for TMT- Africa and Middle-East in the Lexology Content Marketing Awards for Q4 2018. The winner is awarded for constantly producing useful, insightful legal content for Lexology subscribers.

According to Edward Costelloe, Managing Director, Lexology, “the quality of content that you produce keeps our platform the most powerful in the market.”

Ridwan was selected using a bespoke automated process to analyse Lexology readership data.