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Perhaps the most compelling justification for a re-examination of this directive is the spate of losses turned in by NRCs at the immediate aftermath of the application and compliance with this directive

Intangibles are an integral part of the value creation process of businesses and a fundamental part of their continuing success.

In an era dominated by rapid technological advancement, the digital economy has emerged as a powerhouse of global growth, reshaping commerce, communication, and finance.

The digital economy is fast becoming the most innovative and widest reaching economy in the world.

The Regulations provide for a singular and one-off levy of ₦50 on the recipient of any electronic receipts or transfers of ₦10,000 or above.

As implementation of Nigeria's Tax Reform Acts 2025 (namely The Nigeria Tax Administration Act 2025, The Nigeria Revenue Service Act 2025 and the Joint Revenue Board of Nigeria Act 2025...

On 26 June 2025, four new tax acts were signed into law, with two taking effect from 1 January 2026. One of the silent but most consequential changes buried in those pages is a clear but broadened legal definition of who a non-resident individual is, for tax purposes in Nigeria.

Technology continues to gain ground globally and affect businesses and governments alike. Nigeria, like many other countries was not sufficiently poised for the changes the digital...

The world is constantly being shaped by innovative technologies. Businesses are constantly sourcing for ways to enhance their operational models while keeping up with the fast-paced technological evolution.

The judiciary plays a crucial role in the administration of justice. Applicable tax laws in Nigeria clearly define the procedures for tax appeal and for challenging any decision of tax authorities.

The TAT also gave a ruling on when a tax assessment becomes final and conclusive.

Financial institutions must take steps to ascertain whether they are 'Reporting Financial Institutions' for CRS purposes and, if so, take further steps to understand...

Small and medium enterprises (SMEs) are the bedrock of the Nigerian economy. They serve as an important source of employment generation, economic dynamism, competition ...

In Nigeria, the adherence to personal income tax obligations by employers is a cornerstone of corporate fiscal responsibility. This legal obligation as outlined in the Personal Income Tax Act...

Given Nigeria's vast human and natural resources (which position her as a frontier market and potential investment haven) and against the background of the recent rebasing of her GDP (which resulted in her emergence as Africa's largest economy), ...

A 2021 report by the International Survey on Revenue Administration reveals that only about 16.7% of the Nigerian economically active population pay tax...

In recent years, transfer pricing (TP) has emerged as a significant concern for multinational enterprises (MNEs) operating in Nigeria. With the Nigeria Revenue Service (NRS) (formerly Federal Inland Revenue Service) intensifying efforts to generate revenue through taxation, taxpayers face heightened scrutiny, prolonged audits, and increasing risk of double taxation.