Nigeria's CbC Reporting Guidelines And Notification Form Now Available

Introduction

Following the release of Nigeria's Country-by-Country (CbC) Reporting Regulations ("the Regulations") in June 2018, the Federal Inland Revenue Service (FIRS) has issued the following complimentary information:

• guidelines for CbC reporting ("the Guidelines);
• template for annual CbC notification; and
• guidance (to its staff and the general public) on the appropriate use of information disclosed in CbC reports.

In addition to these three documents, FIRS has also included electronic versions of the official gazettes to the Regulations. You can find the documents here.

Guidelines for CbC reporting in Nigeria

The Guidelines are intended to provide multinational entities (MNE) with a guide for completing the CbC report templates issued alongside the Regulations. Specifically, the Guidelines include: