TEMPLARS Transcripts: Tax Digest | April 2026

A Tax Identification Number (TIN) is a unique identifier assigned to businesses, individuals, and other entities for the purpose of tax administration. In Nigeria, obtaining a TIN is crucial for businesses to comply with their tax obligations.

Months after its enactment in 2025, the Nigeria tax reform laws continue to generate significant public interest with many taxpayers still uncertain about how the changes affect them in practical terms.

The Federal Inland Revenue Service (FIRS) has introduced a 10% Withholding Tax (WHT) on interest earned from short - term investments such as treasury bills...

Nigeria's 2025 Tax Reform Acts introduce sweeping changes for non-residents, foreign investors, and expatriates operating in or deriving income from Nigeria. From expanded Permanent Establishment rules and Significant Economic Presence thresholds to mandatory VAT registration for offshore suppliers and Capital Gains Tax on indirect share transfers, the new framework fundamentally reshapes cross-border tax obligations. Understanding these provisions and taking proactive compliance steps is now essential for

On June 26, 2025, President Bola Ahmed Tinubu signed into law a historic package of tax reform legislation, marking the most comprehensive overhaul of Nigeria's fiscal architecture in decades.

The Nigeria Tax Act, 2025 ("the Act") was signed into law on June 26, 2025, and is set to take effect from January 1, 2026. This new legislation marks a major reform of Nigeria's tax system.

It repeals several existing tax laws, including the Personal Income Tax Act, and it took effect from January 1, 2026.

The Nigeria Tax Act 2025 (NTA 2025), which came into effect on 1 January 2026, introduces a new framework for the taxation of capital gains in Nigeria.

On June 26, 2025, President Bola Ahmed Tinubu signed four transformative tax bills into law, fundamentally reshaping Nigeria's taxation landscape. The Nigeria Tax Act, 2025 repealed principal taxation legislations, introducing a comprehensive new framework that affects companies and taxpayers across the country. What are the key provisions of this new tax regime and how will it impact businesses operating in Nigeria?

Nigeria's new tax framework, effective January 1, 2026, introduces comprehensive regulations for non-resident individuals earning income from Nigerian sources. Understanding the criteria for non-resident status, tax obligations, registration requirements, and filing procedures is essential for expatriates and foreign workers operating in Nigeria's evolving tax landscape.

The Supreme Court of Nigeria (the 'Court') has resolved the controversy created by conflicting judicial pronouncements on the extent of the jurisdiction...

If the 2008 global financial crisis and subsequent failures of various banks around the world have taught us anything, it is that regulatory capital is pivotal in sustaining the resilience of banks...

The Bank of Ghana has reset the regulatory framework for microfinance, replacing a fragmented, activity-based regime with a structured system anchored on institutional form, capital strength, and governance.

This is the maiden edition of the TEMPLARS Dispute Resolution Digest (the Digest), a quarterly publication focused on the evolving litigation landscapes of Nigeria and Ghana.

On 24 October 2025, the Financial Action Task Force ("FATF") announced Nigeria has been removed from its Grey List1 . Today's publication is a follow-up to TEMPLARS' publication on 31 May 2023 further to Nigeria's addition to the Grey List which can be read HERE.

The issuance of the General Transition Guidelines for the Tax Acts 2025 provides long-awaited clarity on one of the most significant tax reforms in Nigeria's recent history. This Client Alert examines the practical implications for businesses navigating the transition to the new tax regime, including treatment of accounting periods, transaction taxes, ongoing contracts, tax incentives, disputes, and compliance obligations.

On 6 August 2026, President Bola Ahmed Tinubu signed the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, consolidating fiscal incentive measures into a single framework for deep offshore developments. The Order introduces a Supplementary Production Tax Credit and a Profit Oil Reset for qualifying greenfield projects, requiring approval by the Nigeria Revenue Service and compliance with Nigerian content requirements.

The Federal Competition and Consumer Protection Commission (the "FCCPC") has issued a public notice stipulating 5 January 2026 as the deadline for all digital lending operators...

In today's globalized economy, the intricacies of international business transactions have resulted in a marked increase in cross-border economic crimes, including money laundering.

On 17 August 2026, Nigeria's Federal Government released its National Digital Cloud Policy, superseding the 2019 framework to establish a domestic cloud and data infrastructure ecosystem. The Policy introduces fiscal and regulatory incentives for qualifying investors, mandates cloud-first adoption across government agencies, and implements a four-tier sovereign data classification system that confines data residency requirements to specific categories rather than imposing blanket localisation.