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Effective January 1, 2025, the Federal Inland Revenue Service (FIRS) released its first-ever Guidelines on Advance Pricing Agreements ("APA Guidelines"), introducing a new compliance tool for eligible companies.

The Federal Inland Revenue Service (FIRS) as an agency of the Federal Government, has been solely responsible for the administration and management of VAT assessment and collection in Nigeria.

Nigeria's General Transition Guidelines for the Tax Acts 2025 establish a comprehensive framework for managing the shift from repealed tax laws to the new system. These guidelines address critical questions about existing obligations, ongoing disputes, tax incentives, and pending transactions while ensuring that reforms will not be applied retroactively to past matters.

Nigeria is a contracting party to DTAs with several countries which sets out various withholding tax rates chargeable in line with the provisions of the respective DTAs.

The Tax Appeal Tribunal (TAT or "the Tribunal") sitting in Lagos recently ruled in the case between Checkpoint Software Technologies B.V Nigeria Limited (CST or "the Company" or "the Appellant")...

By virtue of section 16 of the Value Added Tax Act (as amended) (the "VAT Act"), a taxable person, while filing monthly Value Added Tax ("VAT") returns with the Federal Inland Revenue Service...

The CRS Regulations became effective on 1 July 2019 and requires Reportable Financial Institutions (RFIs)...

We are delighted to share insights from recent tax cases from the Tax Appeal Tribunals and Courts in Kenya, Nigeria and South Africa.

Globally, tax laws assume that you need a certain level of physical presence (an office, a factory, a workshop etc.) in a foreign country before you can be assumed to have earned taxable revenue from that country.

The August 2026 issue of TEMPLARS Tax Transcripts examines developments in treaty policy, fiscal administration, and stamp duty adjudication as Nigeria continues to align administrative practice with its new tax statutes. Key updates include the signing of a Double Taxation Agreement between Nigeria and Hong Kong, the commencement of the Green Tax surcharge on imported high-engine vehicles, and the Accountant-General's directive to discontinue the 1% stamp duty deduction on payments to contractors, vendors

The case of South Africa Revenue Service vs ABD Limited (ABD) provides insight on critical aspects of transfer pricing, that resonate beyond South Africa's borders, particularly for Nigeria.

Transfer pricing (TP) describes the form of inter-company pricing methods between two or more related economic entities with respect to intra-group supply...

The Nigerian Federal High Court Declares the Tax Appeal Tribunal Unconstitutional...

On February 28, 2024, President Bola Ahmed Tinubu issued the Oil and Gas Companies (Tax Incentives, Exemption, Remission. Etc.) Order 2024 (the "Order") which granted specific tax...

Nigeria is facing major revenue challenges. The 2023 total budget deficit is N10.78 trillion.

Technology continues to gain ground globally and affect businesses and governments alike. Nigeria, like many other countries was not sufficiently poised for the changes the digital...

On 26th June 2025, the President of the Federal Republic of Nigeria signed four landmark tax reform bills into law, marking a significant shift in the nation's tax landscape.