Nigeria: Income Tax

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Tax law and international tax law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics such as capital gains tax, corporate tax, income tax, inheritance tax, national insurance, property taxes, sales taxes, VAT, GST, tax authorities, transfer pricing and withholding tax.

The Legality Or Otherwise Of Paying Taxes On Sales/consumption To Both The Federal And State Governments By Nigerian Companies' - Part A

This write-up is premised on the demand made for payment of VAT by the Federal Government which is currently charged on goods and services (except those exempted) purchased...

Gresyndale Legal

Navigating Nigeria's Fiscal Challenges Through Tax Reform

Over the years, Nigeria has faced persistent revenue shortfalls, rising debt obligations, and soaring inflation (which peaked at over 32% in 2024).

KN

KPMG Nigeria

The Case For A Defined Gift Taxation Regime In Nigeria

The Nigerian economy has continued to face the challenge of a remarkably low tax revenue to Gross Domestic Product (GDP) ratio, compared to other economies worldwide.

KN

KPMG Nigeria

Tax Breaks & More: What The Nigerian Startup Act Offers

The Nigerian Startup Act 2022 (NSA) is a significant piece of legislation, designed to foster innovation, attract investment, and create a favourable business climate for tech-enabled startups in Nigeria. It aims to position Nigeria as a leading hub for digital entrepreneurship in Africa by removing regulatory barriers and offering targeted incentives.

PL

Pavestones Legal

Company Income Tax: Everything You Must Know As A Business Owner With A Significant Economic Presence In Nigeria

Adeola Oyinlade & Co

Understanding Nigeria's Withholding Tax Regulations: A Guide For Businesses

Gresyndale Legal

Taxation And Development In Nigeria: Bridging The Gap Between Policy And Implementation

Adeola Oyinlade & Co

Corporate Tax 2025 - Trends and Developments

UU

Udo Udoma & Belo-Osagie

The Newly Approved Tax Reform Bill: A Voyage Into The Future Of Nigeria's Tax Allocation.

Gresyndale Legal

Taxation In Nigeria: A Review Of The Newly Approved VAT Formula

Gresyndale Legal

Artificial Intelligence And Taxation In Nigeria

SP

SimmonsCooper Partners

Cost Price Ratio And The Reasonability Test For Expenses Of Upstream Companies

KN

KPMG Nigeria

Tax Compliance Checklist For Businesses In Nigeria

Adeola Oyinlade & Co

Taxpayers' Right To Fair Hearing Vs Tax Administrator's Distraining Power

SP

SimmonsCooper Partners

ISA 2025: What Investors Need To Know About Nigeria's New Capital Market Law

Nigeria Commercial

TA

Tope Adebayo LP

Environmental, Social, And Governance (ESG) And Data Protection: A Nexus

Nigeria Commercial

A

Alliance Law Firm

Review Of The Investment And Securities Act Of 2025

Nigeria Commercial

TT

The Trusted Advisors

Taxation In Nigeria: A Review Of The Newly Approved VAT Formula

Gresyndale Legal

Understanding The Investment And Securities Act 2025: Key Innovations And Implications

Nigeria Commercial

PA

PUNUKA Attorneys & Solicitors

Tax Treaties

Understanding Nigeria's Withholding Tax Regulations: A Guide For Businesses

The Deduction of Tax at Source (Withholding Regulations) 2024 (‘the Regulations') provides rules for deduction of tax at source from payment to taxable persons...

Gresyndale Legal

The Impact Of The Deduction Of Tax At Source (Withholding) Regulations 2024 On Non Resident Companies In Nigeria

A non resident company is a company registered or incorporated under the laws of another country.

Gresyndale Legal

Tax Gross-Up Clauses In Agreements And Nigeria's New Withholding Tax Regulations: Issues And Practical Considerations

Following the coming into effect of the Deduction of Tax at Source (Withholding) Regulations 2024 (the "Withholding Tax Regulations") on 1st January, 2025, there have been questions about the continued relevance.

UU

Udo Udoma & Belo-Osagie

Nigeria's APA Rules – A Mirror Reflection Of Global Practices Or Not?

KN

KPMG Nigeria

Should SMEs In Nigeria Be Excluded From Transfer Pricing Requirements?

KN

KPMG Nigeria

An Overview Of The Taxation Of Non-Resident Companies In Nigeria

Adeola Oyinlade & Co

The Impact Of The 2020 Finance Act On The Oil And Gas Industry In Nigeria

TA

Tope Adebayo LP

FHC Rules That Ancillary Income Earned By International Shipping Companies Does Not Constitute...

KN

KPMG Nigeria

TAT Rules That The Administrative Penalties Stipulated In The Country-By-Country Regulations, 2018 Are Illegal And Ultra Vires The Powers Of The FIRS

KN

KPMG Nigeria

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Income Tax

The Case For A Defined Gift Taxation Regime In Nigeria

The Nigerian economy has continued to face the challenge of a remarkably low tax revenue to Gross Domestic Product (GDP) ratio, compared to other economies worldwide.

KN

KPMG Nigeria

Company Income Tax: Everything You Must Know As A Business Owner With A Significant Economic Presence In Nigeria

Company Income Tax, also known as Corporate Tax, is a levy imposed on the profits of companies conducting business in Nigeria.

Adeola Oyinlade & Co

Understanding Nigeria's Withholding Tax Regulations: A Guide For Businesses

The Deduction of Tax at Source (Withholding Regulations) 2024 (‘the Regulations') provides rules for deduction of tax at source from payment to taxable persons...

Gresyndale Legal

Taxation And Development In Nigeria: Bridging The Gap Between Policy And Implementation

Adeola Oyinlade & Co

A Legal Guide For The Provision Of Health Services In Nigeria Through Digital Channels

Nigeria Healthcare

UU

Udo Udoma & Belo-Osagie

The Newly Approved Tax Reform Bill: A Voyage Into The Future Of Nigeria's Tax Allocation.

Gresyndale Legal

Taxation In Nigeria: A Review Of The Newly Approved VAT Formula

Gresyndale Legal

Artificial Intelligence And Taxation In Nigeria

SP

SimmonsCooper Partners

Cost Price Ratio And The Reasonability Test For Expenses Of Upstream Companies

KN

KPMG Nigeria

See more

Transfer Pricing

Economic Implications Of Transfer Pricing Audits And Adjustments On Nigerian Business Performance

Conducting business in Nigeria may present a range of complexities, particularly for companies engaged in cross-border transactions.

KN

KPMG Nigeria

Navigating FIRS's New APA Guidelines: Key Considerations For Taxpayers And The FIRS

On November 27, 2024, the Federal Inland Revenue Service (‘the FIRS or the Service") issued the Advance Pricing Agreement (APA) Guidelines (the Guidelines) through Information Circular No. 2024/006, with an effective date of 1 January 2025.

KN

KPMG Nigeria

Tax Reform Updates Nigeria Plans To Introduce CFC Rules

The four bills, which form the backbone of Nigeria's ongoing tax reform efforts, have been passed by the House of Representatives and are awaiting passage by the Senate.

UU

Udo Udoma & Belo-Osagie

Safe Harbour Rules And The Nigerian Transfer Pricing Regulation – A Critical Examination

A

Alliance Law Firm

Regulation 7(5) On Intangibles And The Arm's Length Principle In Nigeria

KN

KPMG Nigeria

Tax Reforms: Guidelines On Advance Pricing Agreements In Nigeria

PL

Pavestones Legal

Nigeria's APA Rules – A Mirror Reflection Of Global Practices Or Not?

KN

KPMG Nigeria

Should SMEs In Nigeria Be Excluded From Transfer Pricing Requirements?

KN

KPMG Nigeria

Nigeria's Guidelines For Advance Pricing Agreements: A Giant Step In The Right Direction?

KN

KPMG Nigeria

See more

Corporate Tax

Company Income Tax: Everything You Must Know As A Business Owner With A Significant Economic Presence In Nigeria

Company Income Tax, also known as Corporate Tax, is a levy imposed on the profits of companies conducting business in Nigeria.

Adeola Oyinlade & Co

Corporate Tax 2025 - Trends and Developments

The Nigerian fiscal landscape has witnessed interesting trends and developments in recent times. One key development is the proposed overhaul of Nigeria's fiscal regime.

UU

Udo Udoma & Belo-Osagie

Understanding Tax Compliance Requirements And The Tax Audit Process

Tax compliance is about complying with the tax laws and regulations outlined by government entities, ensuring timely and accurate reporting and payment of taxes.

SP

SimmonsCooper Partners

Regulatory Compliance For Manufacturing Businesses In Nigeria

Nigeria Commercial

uA

Firmus Advisory

Significant Tax Developments In Nigeria

GE

G ELIAS

President Tinubu's Tax Reform Bill: Implications And Pathways For Progress

OA

Olisa Agbakoba Legal (OAL)

BEPS 2.0 - Achieving Financial Sustainability In Africa Through Taxation

KN

KPMG Nigeria

The Impact Of The 2020 Finance Act On The Oil And Gas Industry In Nigeria

TA

Tope Adebayo LP

Achieving Tax Yield Growth In A Turbulent Economy

KN

KPMG Nigeria

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Latest Videos

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Nigeria Commences Automatic Exchange Of Taxpayer Information

PN

PwC Nigeria

Is FIRS Empowered To Place A Lien On Tax Defaulter's Account? (Video)

DN

Deloitte Nigeria

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