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The Nigeria Tax Act 2025 has re-affirmed the legal definition of significant economic presence as a basis for taxation of non-resident persons doing business in Nigeria.

Section 19 of the Companies Income Tax Act (CITA) imposes tax at 30% on a company where it declares and pays dividends in excess of its total profit.

In June 26, 2025, Nigeria's Presidency signed into law four significant Tax Reform Bills, including a new Tax Act, aimed at overhauling Nigeria's tax landscape.

It is trite that around the world, entertainers and sportsmen are some of the highest paid individuals.

This is one of the most recent benefits offered to taxpayers since the introduction of the TaxPro Max platform in June 2021.

The proposed replacement of the long-standing Consolidated Relief Allowance (CRA) with a Rent Relief Allowance, in the Nigeria Tax Bill, warrants deeper analysis and broader stakeholder engagement.

In this article, we have reviewed these amendments and highlighted how it impacts the Small and Medium Scale Enterprises.

Regulatory compliance is important for any company and forms the foundation that enables businesses operate smoothly and sustainably.

On 31 December, 2021, President Muhammadu Buhari signed the Finance Bill, 2021 (now Finance Act, 2021) into law. The Finance Act, 2021 (the Act), which was signed into ...

On 31st December, 2020, President Muhammadu Buhari signed the Finance Bill, 2020 (now Finance Act) into law. The Finance Act, 2020 (the Act), which has a commencement date of 1st January 2021...

Despite the significant progress made in the implementation and development of TP regimes in Africa, there are still some challenges being faced by tax payers and authorities.

What is Companies Income Tax (CIT)? CIT is tax on the profits of incorporated entities in Nigeria.

On May 29, 2025, President Bola Ahmed Tinubu signed the Nigerian Upstream Petroleum Operations (Cost Efficiency Incentives) Order, 2025 (the "Order")...

Funding of Startups globally hit an all-time high in 2021 with a total investments of approximately $454 billion recorded in just the 1st to 3rd quarter; as compared to investments recorded by Startups in 2020.

It is no news that the national grid has failed to provide a sustainable and reliable source of electricity supply for domestic and industrial consumers in order to sustain a rapidly growing Nigerian population and economy.

The newly enacted Petroleum Industry Act, 2021 (PIA) provides for the overhaul of the institutional, regulatory and fiscal framework for Nigeria's petroleum industry.

In less than seventy days, all Reporting Financial Institutions will be required to file their first set of Information Returns in compliance with Income Tax Regulations.