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On 26 June 2025, the Federal Government of Nigeria enacted a landmark tax reform package comprising four key statutes: the Nigeria Tax Act, 2025...

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

Nigeria, often referred to as the "Giant of Africa" boasts vast resources, a large and increasingly growing population, and a dynamic economy.

The question of the exercise of jurisdiction by the Tax Appeal Tribunal ("TAT") and the Federal High Court("FHC") over disputes relating to the revenue of a state government, especially personal income tax, has elicited conflicting judicial decisions.

On February 24, 2025, the Federal Inland Revenue Service issued Information Circular No. 01/2025 to guide the implementation of the Deduction of Tax at Source (Withholding Tax) Regulations, 2024, which became effective from January 1, 2025.

The Tax Appeal Tribunal, South East Zone, sitting in Enugu ("TAT" or the "Tribunal"), recently held that tax audits conducted by relevant tax authorities in violation of statutorily laid...

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...

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.

Nigeria's new tax regime introduces critical compliance requirements for incorporated companies that have not yet commenced business operations. The Nigeria Tax Act 2025 and Nigeria Tax Administration Act 2025, effective January 1, 2026, reshape the framework for corporate taxation and administration, raising important questions about filing obligations for shelf companies and non-operational entities.

The Lagos zone of the Tax Appeal Tribunal (TAT) recently issued a significant ruling in the case involving MTN Nigeria Communications Plc and Federal Inland Revenue Service .

In a Public Notice published in October 2019, the Federal Inland Revenue Service ("FIRS") informed the tax-paying public (particularly non-resident taxpayers)...

Nigeria's new Presumptive Tax Regulations establish a simplified tax framework for informal sector businesses and individuals whose income cannot be accurately determined through standard assessment methods. The regulations introduce a 1% turnover-based tax system with specific exemptions for nano businesses, while also implementing a 2% capital gains tax on asset disposals.

The impact of taxation on business is becoming increasingly complex, caused by a mix of external and internal influences – including the constantly evolving nature of business models

The Nigerian Entertainment Industry is a vital part of the country's economy and culture, and it is subject to taxation. One of the main drivers of Nigeria's economy is the entertainment and media sector.

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

We are pleased to publish the first edition of our West Africa Tax Journal.

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...