Restructuring is a common strategic tool deployed by businesses
globally to improve operational efficiency, enhance
competitiveness, or respond to financial, market, and regulatory
developments. Such restructuring, whether involving mergers,
spin-offs, carve-outs, or share transfers, enable companies to
adapt to changing business environments and realign with long-term
strategic goals.
In Nigeria, restructuring activities are often driven by factors
such as evolving market dynamics, efforts to align group structures
with core operations, and regulatory reforms. However, while
restructuring may serve commercial and operational objectives, such
restructuring often triggers a range of tax considerations
including tax treatment of asset transfers, tax treatment of share
transfer etc.
