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The importance of taxation to a nation's economic wealth and development cannot be overemphasized.

On November 27, 2024, the Federal Inland Revenue Service (‘the FIRS or the Service") issued the Advance Pricing Agreement (APA) Guidelines (the Guidelines) through Information Circular No. 2024/006, with an effective date of 1 January 2025.

The Minister of Finance, Budget and National Planning (the Minister) has issued the Companies Income Tax (Significant Economic Presence) Order, 2020 (SEP Order), to complement the 2019 Finance Act (FA 2019).

Between Wednesday and Thursday, 7th and 8th of May 2025, the Senate passed all four of President Bola Ahmed Tinubu's proposed tax reform bills for the next step of enactment into laws.

On 28 November 2025, the Tax Appeal Tribunal in Oando Oil Limited v. Federal Inland Revenue Service (FIRS) ruled that Share Purchase Agreements are subject to stamp duty in Nigeria...

On 10th September, 2020, the Tax Appeal Tribunal ("TAT") in the case of Ess-ay Holdings Limited ("Ess-ay Holdings" or "the Company") v Federal Inland Revenue Service ("FIRS") held that a lease...

As part of the effort to boost economic growth, attract foreign direct investment (FDI), boost exports, and encourage industrialization, the Nigerian government offer tax and regulatory incentives...

The Pioneer Status Incentive ("PSI") is one of the available tax incentives in Nigeria aimed at attracting investment into critical sectors of the Nigerian economy.

Power, regardless of its source, remains a critical factor for economic and industrial development in any country.

In a study conducted by the Organization for Economic Cooperation and Development (OECD) in 2019, it was established that Nigeria has the lowest tax to Gross Domestic Product

The concerns expressed by the general public regarding the Memorandum of Understanding between Nigeria and France are well-founded, particularly in light of the legal obligations imposed on the Nigeria...

Taxpayers and tax administrators have continued to grapple with the burden of undertaking complex Transfer Pricing (TP) analyses in order to justify the arm's length principle.

It comes as no surprise that Nigerian entities are net recipients of intercompany loans from their related parties in other jurisdictions. Nigerian entities enter such financial...

One of the major changes in the Income Tax (Transfer Pricing) Regulations 2018 (NTPR) is the introduction of administrative penalties.

Generally, countries around the world have benefitted from globalization occasioned by rapid developments in technology and increased integration of persons, businesses, and economies...

These elements also create a tax culture, reduced incidences of corruption and tax evasion.

It is often said that the engine of any successful organisation is a well-executed strategy. While this saying can be considered a cliché, many of the global fortune 500 companies