Nigeria on Tax Authorities

Companies in Nigeria are generally subject to annual taxation on their assessable profits for the preceding accounting period.

On November 27, 2024, the Federal Inland Revenue Service (FIRS) issued the Guidelines on Advance Pricing Agreements ("the Guidelines") pursuant to Section 8(1)(u) of the FIRS...

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