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In this article, we have highlighted factors to consider in preparation for a transfer pricing audit.

On 24 September 2019, the Tax Appeal Tribunal ("TAT" or "the Tribunal"), sitting in Lagos, upheld the imposition of excess dividend tax under Section 19 of the Companies Income Tax (CIT)...

The Tax Appeal Tribunal Lagos Zone has ruled, in NGX Real Estate Limited and Federal Inland Revenue Service, that rental income derived from real properties are not subject to Value Added Tax.

On 8th October, 2020, the Tax Appeal Tribunal ("TAT" or "the Tribunal"), sitting in Benin, delivered a ruling in the case of Citibank Nigeria Limited ("Citibank" or "the Bank") ...

The Nigerian Startup Act 2022 (NSA) is a significant piece of legislation, designed to foster innovation, attract investment, and create a favourable business climate for tech-enabled startups in Nigeria. It aims to position Nigeria as a leading hub for digital entrepreneurship in Africa by removing regulatory barriers and offering targeted incentives.

A major highlight of 2023 was the general election which ushered in a new government. Importantly, while as a final act, the outgoing government passed the Finance Bill 2023...

Gains from disposal of shares are now subject to Capital Gains Tax in Nigeria. Capital Gains Tax ("CGT") is a tax charged on the disposal of chargeable assets.

The players in the digital economy took the world by storm at the turn of this century. This was aided by the advent of global system for mobile telecommunication

One of the major objectives of the National Tax Policy (NTP) is to ensure fairness and equity, in order to imbibe a tax culture where taxpayers are regarded as the custodians...

The decision of the Federal High Court (FHC) in Vodacom Business Nigeria Limited v. Federal Inland Revenue Service has understandably continued to generate a lot of controversy and angst.

There have been varying judicial pronouncements as to who is entitled to collect consumption tax and which takes priority where the same is imposed by both the state and the federal government.

Nigeria's archives are littered with series of programmes geared towards social, political and economic transformation of the nation.

The recent tax reform laws have significantly reshaped how employees' income is taxed in Nigeria, introducing new bands and reliefs, and clarifying existing ones to promote economic fairness and tax compliance.

Today 29 June 2017, the Acting President, Prof. Yemi Osinbajo, SAN formally launched the Voluntary Assets and Income Declaration Scheme (VAIDS).

Pending the resolution of the jurisdictional concerns around TAT, it is imperative for FIRS to consider alternative options to resolve these age-long disputes.

After several months of stakeholder engagements and legislative processes, the President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, signed the 4 (four) tax reform bills into law on 26 June 2025...

Considering the nature of the global trade system which necessitates connections between the economies of various countries, governments implement exchange rate systems...