As we count down to the end of 2018 with excitement, the taxman is also counting down and may be excited for a different reason.

Another quick reminder to keep an eye on your tax returns and payment deadlines for the month of May.

The African Tax Administration Forum (ATAF) launched its "Toolkit for Transfer Pricing Risk Assessment in the African Mining Industry" at the recently concluded International...

Our tax calendar for the month of April is available for download. Ensure to keep an eye on your tax compliance obligations to avoid sanctions in view of the aggressive tax drive by governments at all levels.

FIRS held a stakeholder meeting on 19 September 2014 to sensitise Sole Risk and Marginal Field operators on tax compliance and transfer pricing issues.

You should have your transfer pricing (TP) policy and documentation in place by now or in the process of doing so.

There is a Yoruba adage which says: it is the way that the bird flies that the hunter will throw stones at it.

The deadline for filing of income tax and transfer pricing (TP) returns with Federal Inland Revenue Service (FIRS) is fast approaching for corporate taxpayers whose financial year-end is 31 December.

On 17 March 2020, the Federal Inland Revenue Service (FIRS) organized a stakeholder's event for the official launch of its electronic filing solution for Transfer Pricing (TP) called E-TP PLAT 2.0.

The Federal Inland Revenue Service (FIRS), in its bid to enhance efficiency in tax administration, is set to automate the process of filing transfer pricing (TP) returns.

On 5 October 2015, the Organisation for Economic Cooperation and Development (OECD) released its final Base Erosion and Profit Shifting (BEPS)...

The Federal Inland Revenue Service (FIRS) has released updated Transfer Pricing (TP) Declaration and Disclosure Forms, which take effect from January 2017.

A public notice has been published by the Lagos State Internal Revenue Service (LIRS) on the taxation of foreigners who perform employment duties in Nigeria.

The OECD has been leading the efforts to combat aggressive tax avoidance through base erosion and profit shifting (BEPS) especially by multinational companies.

On September 16, the OECD published the first set of recommendations in connection with its Base Erosion and Profit Shifting (BEPS) action plan.

The Federal Inland Revenue Service (FIRS) recently released the Income Tax (Transfer Pricing) Regulation 2018 (‘the Regulation').

With the release of the Income Tax (Transfer Pricing) Regulations, 2018 on 27 August 2018, Nigeria took yet another very bold step in its quest towards adopting and implementing recent international multilateral initiatives.

In the coming days, we will be bringing you a detailed analysis of the changes contained in the 2017 revised TP Guidelines, as well as their anticipated local impact in the Nigerian tax landscape.

Federal Inland Revenue Service (FIRS), on 21 February 2019, issued guidelines setting out steps that taxpayers must follow for initiating Mutual Agreement Procedure (MAP).

The end of the year typically signals a winding down of activities by most firms. However December 2018 saw an unprecedented flurry of activities by Nigerian taxpayers to meet the 31 December deadline