The Nigerian Federal Tax Authority, called the Federal Inland Revenue Service (FIRS), recently announced that Nigeria's tax-to-GDP ratio as at the end of 2021 was 10.86%.

President Bola Ahmed Tinubu signed the four tax bills into law on 26 June 2025. Two of the laws took effect from 26 June 2025 while the Nigeria Tax Act and the Nigeria Tax Administration Act will become effective on 1 January 2026.

In recent times, global mobility has risen significantly to an all-time high with many skilled workers and students seeking better opportunities abroad.

The question of whether Value Added Tax (VAT) should be remitted on cash or accrual basis has puzzled some taxpayers over the years. This uncertainty persisted, even with the amendments made to the VAT Act (VATA) via various legislations.

Mining business is capital intensive, the critical reason why governments across the world continue to seek ways to incentivise investors in this industry.

Base Erosion and Profit Shifting (BEPS) continues to be a challenge for the government of different countries, as the strategies employed by Multinational Enterprises (MNEs)...

Intra-group financing arrangement, particularly interest-bearing loan arrangements, have long been one of the foremost tax planning strategies adopted by multinational enterprises to shift profits from one jurisdiction to another. As a result, tax authorities globally tend to scrutinize these arrangements under transfer pricing rules to ensure that the terms of these transactions are at arm’s length.

Advance Pricing Agreements (APAs) are currently being discussed by most transfer pricing practitioners in Nigeria.

In June 2025, President Bola Ahmed Tinubu signed into law four landmark Tax Reform Bills: the Nigeria Tax Act (NTA), the Nigeria Tax Administration Act (NTAA), the Nigeria Revenue Service Act (NRSA), and the Joint Revenue Board Act (JRBA) .

The gaming and lottery industry is a major revenue contributor in the economy and, if properly regulated and harnessed, could be a potential source of significant revenue for the government.

The Nigeria Tax Act 2025 (NTA 2025), which came into effect on 1 January 2026, introduces a new framework for the taxation of capital gains in Nigeria.

Business cessation, whether temporary or permanent, represents a critical point in a company's life cycle, often carrying significant legal and tax consequences

Startups in Nigeria have grown exponentially.

On Friday, 27 September 2024, the Minister of Finance and National Planning, Dr Situmbeko Musokotwane, presented to the nation a ZMW217.1 billion National Budget for the 2025 fiscal year.

Since 28 February 2026 when U.S. and Israeli strikes on Iran triggered the closure of the Strait of Hormuz, African economies have absorbed a multi-dimensional economic shock from the disruption of energy supply, food systems, export corridors and financial conditions.

The Nigerian economy has experienced a slow return to normalcy in recent months. A recent economic update published by the World Bank projected that the Country's economy is expected to grow...

The fog of uncertainty is gathering momentum over the delicate, yet controversial topic of Pioneer Status Incentive (PSI ) and "mature industries".

The President of the Federal Republic of Nigeria (FRN), His Excellency Bola Ahmed Tinubu in August 2023, inaugurated the "Presidential Fiscal Policy and Tax Reforms Committee" to, amongst others, review the existing fiscal legislation in the country in a bid to simplifying the tax system, repealing suboptimal ones, harmonising others and mitigating against multiplicity of taxes.

Nigeria's tax-to-GDP ratio at 10.8% as at 2021, is one of the lowest amongst countries of similar economic size . It is also below the International Monetary Fund (IMF) recommended ratio of 12% and

The Nigeria Revenue Service (Establishment) Act, 2025 (the Act) has rebranded the Federal Inland Revenue Service (FIRS) as the Nigeria Revenue Service (NRS or the Service) as a centralised body for tax administration in Nigeria.