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Advancement in technology has led to fundamental changes in the economy and has also provided businesses with new opportunities to access global markets and execute business activities online.

In many developing countries, a major challenge which occurs in related-party transactions is transfer pricing. A transfer price can be defined as the price at which related parties...

The National Assembly passed the Finance Bill 2022 ("the Finance Bill") on 28 December 2022. The Finance Bill introduces certain amendments to existing tax laws including the Companies...

In this second part of our overview of current transfer pricing regulations on the African continent, we focus on relevant provisions in, amongst others, Ghana, Nigeria and Uganda.

The Transfer Pricing (TP) returns filing deadline has passed for most Nigerian Taxpayers. The Federal Inland Revenue Service (FIRS) therefore has financial information about taxpayer's Related Party Transactions...

The business landscape in Nigeria is shaped by intricate legal frameworks, which includes key legislations: the Companies and Allied Matters Act (CAMA), Companies Income Tax Act (CITA) and Petroleum Profit Tax Act (PPTA).

With immense growth in technology and globalization, cross-border investments have taken prime positions in global economies.

The Petroleum Industry Act, 2021 (PIA) provides a new fiscal and regulatory framework for Nigeria's petroleum industry. The PIA is a major milestone in a long history...

Generally, wealth succession planning entails (amongst others), the development of an action plan or strategy for the distribution of an individual or a family's accumulated wealth to designated beneficiaries.

The Finance Act 2019 introduces several changes to Nigerian tax laws. Some key changes introduced by the Finance Act are identified below:...

The Bill seeks to promote fiscal equity, align domestic laws with global best practices and support Micro, Small and Medium-sized businesses.

The introduction of the electronic money transfer levy ("EMT levy" or "the levy") through the Finance Act, 2020 (the Act) has replaced the previous stamp duty on electronic receipts or electronic transfers.

If there is one thing that the Covid-19 virus has inspired in the entire human race, it is the need, now more than ever before, to prepare for an uncertain future especially in terms of instituting structures for ...

Corporate taxes in Nigeria are administered by the Federal Inland Revenue Service (FIRS). The body is also responsible for tax collection.

WHT operates as an advance payment of income tax.

Remote working arrangements have become the new-normal following the impact of the general lock down experienced across the world arising from Covid-19.

Nigeria's new tax framework, effective January 1, 2026, introduces comprehensive regulations for non-resident individuals earning income from Nigerian sources. Understanding the criteria for non-resident status, tax obligations, registration requirements, and filing procedures is essential for expatriates and foreign workers operating in Nigeria's evolving tax landscape.