The Federal Inland Revenue Service (FIRS) has issued the Income Tax (Transfer Pricing) Regulations, 2018.
The new Regulations incorporate the 2017 updates to the OECD's TP Guidelines and some provisions contained in the African Tax Administration Forum's (ATAF) Suggested Approach to drafting TP legislation. The Regulations also introduce administrative penalties for a wide range of offences.
Read our alert for further analyses and download a copy of the Regulations below. Also watch TV interviews by our TP Partner, Seun Adu.
Download PwC Alert_FIRS Issues New TP Regulations 2018
Download Nigeria_Income Tax (Transfer Pricing) Regulations 2018
Seun Adu's interview - CNBC Africa
Seun Adu's interview - Channels TV
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.