Background
In 2017, the Federal Inland Revenue Service (FIRS) announced the
introduction of six (6) new electronic services. One of the
services was e-filing which enables taxpayers to file their returns
on FIRS' Integrated Tax Administration System (ITAS). ITAS
however did not include a module for the filing of transfer pricing
(TP) related returns.
To close this gap, the FIRS now plans to deploy a platform for
e-filing of TP-related returns.
At a recent FIRS-organized stakeholders' forum, the FIRS
demonstrated a beta version of the platform.
What will the platform accommodate?
When deployed, the platform will have functionality for
electronic filing of the following returns: