The increased presence of Multinational Enterprises (MNEs) across various jurisdictions has among other things, created the need to centralize certain functions within the MNE Group.

The Finance Act which came into force on 13th January 2020, introduced the concept of "significant economic presence" ("SEP") as a new basis for the taxation of digital and online...

The fiscal changes introduced in 2021 demonstrate the FGN's commitment to improving Nigeria's tax and regulatory landscape, especially following the effects of the COVID-19 pandemic on the economy.

Transfer pricing is the amounts charged during intercompany transactions between related companies. It is the price paid for goods or services that are transferred from one unit of an organization...

As 2023 winds down, the need for a thorough review of tax-related judicial decisions likely to significantly impact the 2024 tax atmosphere cannot be overstated.

One of the more common related party transactions conducted by taxpayers in Nigeria is intra-group services.

The Federal Inland Revenue Service (FIRS or "the Service") recently issued the keenly awaited Guidelines on Advance Pricing Agreements (APA) via Information Circular No. 2024/006 on 27 November 2024.

Recent developments in Nigeria including the impact of the global COVID-19 pandemic on the economy, the urgent need...

The Nigeria Tax Act, 2025 (the "NTA") and the Nigeria Tax Administration Act, 2025 (the "NTAA") introduced a revised tax administration and enforcement framework applicable across Nigeria, including Lagos State.

One of the important operating decisions a company makes is the establishment of a model for setting the prices of its products and services.

The Nigerian Government's relentless drive to boost non-oil revenue is clearly evident with intensified audits, increase in treaty networks, promulgation of new Transfer Pricing Regulations and the launch of tax amnesty schemes.

The taxation of the digital economy has prompted tax administrations throughout the world to become more aggressive in their efforts to eradicate base erosion and profit-shifting activities...

The much awaited maiden Transfer Pricing (TP) Judgment in Nigeria finally arrived with a big bang!

On November 27, 2024, the Federal Inland Revenue Service (FIRS) issued the Guidelines on Advance Pricing Agreements ("the Guidelines") pursuant to Section 8(1)(u) of the FIRS...

Thereby reducing the tax payable to the Revenue Authority. This action is referred to as "Profit Shifting.

The Federal Inland Revenue Service (FIRS), in exercise of powers conferred on it by Section 61 of the Federal Inland Revenue Service (Establishment) Act No.13 of 2007 ...

On 6 March 2024, the President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, executed Policy Directives aimed at enhancing the investment climate in Nigeria.

The June Transfer Pricing (TP) filing season is here, with the deadline only a few weeks away!

Pillar two, a global anti-base erosion mechanism, attempts to establish a global minimum tax rate that will help numerous countries protect their tax bases.

Year-end tax compliance has assumed heightened significance for multinational enterprises (MNEs) operating in Nigeria, particularly in the context of increased enforcement activities by the Federal Inland Revenue Service (FIRS)...