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Nigeria
Andersen in Nigeria
The Nigeria Transfer Pricing Regulations (NTPR) 2018 includes various compliance obligations for taxpayers, one of which is the filing of annual statutory Transfer Pricing (TP)...
Templars
On 6 March 2024, the President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, executed Policy Directives aimed at enhancing the investment climate in Nigeria.
Andersen in Nigeria
In recent years, Nigeria has been developing its Transfer Pricing (TP) regime to align with international standards and combat tax evasion.
S.P.A. Ajibade & Co.
As 2023 winds down, the need for a thorough review of tax-related judicial decisions likely to significantly impact the 2024 tax atmosphere cannot be overstated.
The Trusted Advisors
Navigating the complexities of international trade law can be difficult for businesses, especially in the presence of constantly changing government regulations in countries.
Andersen in Nigeria
Transfer Pricing (TP) audits are a key part of the activities of the tax authorities as audits afford them the opportunity to assess the level of taxpayers' compliance to extant TP laws and the arm's length principle.
KPMG Nigeria
GlaxoSmithKline (GSK) recently announced a formal exit from Nigeria, which generated a lot of emotions in the country. It was seen by many as a fall out of how the economy...
KPMG Nigeria
The Federal Inland Revenue Service (FIRS) has released guidelines to provide clarity regarding the nature and extent of inquiries related to desk examinations, tax audits, tax investigation...
Alliance Law Firm
A most ironic scenario played out on the 17th of August 2023 at the Tax Appeal Tribunal (Lagos Zone) ("TAT") when the TAT, a tribunal created under the Federal Inland Revenue Service (FIRS) Establishment Act 2007...
The Trusted Advisors
Transfer pricing is the amounts charged during intercompany transactions between related companies. It is the price paid for goods or services that are transferred from one unit of an organization...
Andersen in Nigeria
Since the introduction of Transfer Pricing (TP) Regulations in Nigeria, there have been some significant events which have shaped the TP landscape...
KPMG Nigeria
The Tax Appeal Tribunal (TAT or "the Tribunal") sitting in Lagos recently ruled in the case between Checkpoint Software Technologies B.V Nigeria Limited (CST or "the Company" or "the Appellant")...
KPMG Nigeria
The history of Transfer Pricing (TP) in Nigeria dates back to 2012 when the first Income Tax (Transfer Pricing) Regulations No. 1, 2012 was gazetted.
KPMG Nigeria
The taxation of the digital economy has prompted tax administrations throughout the world to become more aggressive in their efforts to eradicate base erosion and profit-shifting activities...
KPMG Nigeria
It comes as no surprise that Nigerian entities are net recipients of intercompany loans from their related parties in other jurisdictions. Nigerian entities enter such financial...
Andersen in Nigeria
As the drive to increase government revenue continues in Nigeria, taxes have taken a bigger role in generation of the income to fund the budget.
Andersen in Nigeria
I vividly remember six years ago when I received a call from a former colleague that someone wanted to meet with me to discuss a business opportunity. At the time, I was an Associate...
Pavestones Legal
In our previous article, we highlighted some key provisions of the Nigeria Finance Bill 2022 (the "Bill"). In a final move by former President Mohammadu Buhari, the Bill...
Andersen in Nigeria
The Nigeria Transfer Pricing Regulations 2018 include various compliance obligations for taxpayers, one of which is the filing of annual statutory Transfer Pricing returns with the Federal Inland Revenue Service.
Andersen in Nigeria
Despite the significant progress made in the implementation and development of TP regimes in Africa, there are still some challenges being faced by tax payers and authorities.
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