Nigeria Tax News

Nigeria Introducing 1% Levy on Companies for the National Youth Service Corps Trust Fund
Jun 24, 2022
Nigeria Establishes Certificate of Acceptance Requirement for Claiming Capital Allowances on Qualifying Capital Expenditure
Jun 14, 2022
Critical Tax Issues for the Operation of a Holding Company Structure in Nigeria
May 18, 2022
Bermuda Issues CbC Reportable Jurisdictions List for 2020 and 2021
Feb 08, 2022
German Tax Treaty and Negotiations Status Update
Jan 28, 2022
Nigeria Introduces e-Evaluator and e-Invoicing System for Import and Export Businesses
Jan 27, 2022
Nigeria Withdraws Suspension of CbC Report Local Filing for Non-Parent Entities
Jan 11, 2022
Nigeria Publishes Finance Act 2021 Containing Tax Changes for 2022
Jan 10, 2022
Nigeria Tax Appeal Tribunal Issues Decision Regarding Interpretation of Tax Treaties Based on OECD Model Commentary
Dec 29, 2021
IGF Releases New Practice Note on Tax Treaty Practices in Mining Countries
Dec 02, 2021
Nigeria Publishes Guidelines on Simplified Compliance Regime for VAT for Non-Resident Suppliers
Nov 17, 2021
Update - Tax Treaty between Nigeria and Turkey
Oct 27, 2021
Nigeria Expands Scope of VAT Exempt Supplies
Oct 25, 2021
Tax Treaty between Nigeria and Turkey Signed
Oct 21, 2021
Nigeria Provides Interest and Penalty Relief for Late Filing of Tax Returns via TaxPro-Max
Oct 19, 2021
Nigerian Minister of Finance Explains Reasoning for Not Joining Inclusive Framework Statement for Two-Pillar Solution
Sep 28, 2021
IGF Releases Draft Practice Note for Consultation on Tax Treaty Practice in Mining Countries
Sep 02, 2021
Nigerian Petroleum Industry Act Signed into Law
Sep 01, 2021
Nigeria Suspends CbC Report Local Filing for Non-Parent Entities
Aug 31, 2021
Nigeria Begins Collection of Levy on Companies to Fund National Agency for Science and Engineering Infrastructure
Aug 25, 2021
OECD Updates Transfer Pricing Country Profiles to Include New Fields on Financial Transactions and Permanent Establishments
Aug 04, 2021
Hong Kong and Nigeria Continue Tax Treaty Negotiations
Jul 12, 2021
ATAF Issues Release on Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy
Jul 09, 2021
Nigeria Issues Public Notice on Requirement to File Returns via TaxPro-Max e-Filing Solution
Jun 16, 2021
Nigeria Tax Changes for 2021
Apr 13, 2021
Switzerland Negotiating Tax Treaties with Nigeria, Rwanda, and Senegal and Revisions to the Tax Treaty with Sri Lanka
Mar 08, 2021
Nigerian Parliament Considering Draft Petroleum Industry Bill
Jan 19, 2021
Nigeria Provides Further Penalty Relief for Outstanding Tax Debts due to Ongoing Protests
Nov 12, 2020
ATAF Releases Paper on Suggested Approach to Drafting Digital Services Tax Legislation
Oct 05, 2020
Nigeria's Tax Appeal Tribunal Holds Real Estate Rental Income Not Subject to VAT
Oct 01, 2020
Bangladesh and Nigeria Working Towards Signing of Tax Treaty
Sep 02, 2020
Nigeria Introduces New Legal Forms of Doing Business and Other Company Changes Including Beneficial Ownership Register Requirements
Aug 24, 2020
Nigeria Provides Further One-Week Extension for Filing Corporate Tax Returns
Aug 04, 2020
ATAF Releases Policy Paper on Tax Administration and Policy Developments in Response to the COVID-19 Pandemic in Africa
Jul 28, 2020
Nigeria Issues Public Notices on Stamp Duty
Jul 28, 2020
Nigeria Provides Further Extension of Penalty Relief for Outstanding Tax Debts
Jul 14, 2020
ATAF Publishes Policy Brief on Digital Services Taxation in Africa
Jun 15, 2020
Nigeria Directs Dormant Companies to Regularize Returns by 30 June
Jun 11, 2020
Nigeria Announces Resumption of Field Audits, Investigations, and Monitoring Visits
Jun 10, 2020
Nigeria Extends Penalty Relief for Outstanding Tax Debts
Jun 09, 2020
Nigeria Order on Significant Economic Presence
Jun 01, 2020
Nigeria Clarifies VAT Exemption for Basic Food Items and Other Supplies
May 29, 2020
Nigeria Issues Information Circular Providing Clarification on the Implementation of the VAT Provisions of the Finance Act 2019
May 19, 2020
Nigeria Issues Information Circular Providing Clarification on the Provisions of the Stamp Duties Act
May 15, 2020
Nigeria Providing Penalty Relief for Outstanding Tax Debts
May 05, 2020
Nigeria Providing Additional COVID-19 Tax Relief Measures
Apr 23, 2020
ATAF Publishes Suggested Measures to Help Manage the Impact of COVID-19
Apr 10, 2020
Nigeria Providing COVID-19 Tax Deadline Extensions
Mar 30, 2020
Nigeria Providing COVID-19 Tax Deadline Extensions
Mar 30, 2020
Nigeria Finance Act 2019 (Amendment) Bill 2020 Submitted in National Assembly
Mar 13, 2020
Nigeria's Tax Appeal Tribunal Issues First Ruling on Transfer Pricing
Mar 02, 2020
Nigeria Issues Public Notices on Tax Payment Due Dates and New Tax Identification Number Requirements
Feb 27, 2020
Jersey Discusses Negotiation of Tax Treaties with Kenya and Nigeria
Feb 03, 2020
Nigeria Finance Bill 2019 Signed into Law
Jan 23, 2020
Nigeria Issues Information Circular on Claiming Tax Treaty Benefits
Dec 13, 2019
Nigerian Parliament Considering 2019 Finance Bill
Nov 14, 2019
Tax Treaty between Jersey and Nigeria to be Negotiated
Oct 30, 2019
Nigeria Establishes New Tax Office for Non-Resident Taxpayers
Oct 29, 2019
Nigeria 2020 Budget Speech Delivered Including VAT Rate Increase
Oct 17, 2019
Nigeria Introducing Electronic Transfer Pricing and CbC Filing in 2020
Oct 16, 2019
Nigeria Introduces Police Trust Fund Levy on Company Profits
Sep 23, 2019
Nigeria Planning to Increase VAT Rate from 5% to 7.5%
Sep 16, 2019
Nigeria Tax Appeal Tribunal Upholds Statute of Limitations in State Tax Assessment Case
Sep 06, 2019
Nigeria to Impose VAT on Online Sales from 2020
Aug 28, 2019
Nigeria Holding Directors and Other Management Personally Liable for Company Tax Debts
Aug 23, 2019
Nigeria Revokes Rule Restricting the Recognition of Expenses that Require Approval
Aug 08, 2019
Nigerian Court Holds Bandwidth Services Used in Nigeria Subject to VAT and Reverse Charge May Apply
Jul 22, 2019
Nigeria's Tax Appeal Tribunal Holds Excess Dividends Tax Applies for Dividends Paid Out of Prior Year's Profits
Jul 15, 2019
Tax Treaty between Japan and Nigeria under Negotiation
Jun 20, 2019
Nigeria to Introduce VAT Withholding for Online Purchases
May 28, 2019
Nigeria Publishes Guidelines on Mutual Agreement Procedures
Mar 13, 2019
Nigeria Introduces Tax Credit Scheme for Road Infrastructure Investment
Feb 04, 2019
India and Nigeria Close to Concluding Tax Treaty Negotiations
Jan 25, 2019
Lagos Internal Revenue Service Appoints Employers as Collecting Agents for Capital Gains of Employees
Jan 16, 2019
Switzerland Consulting on Automatic Exchange of Finance Account Information with 18 States and Territories
Dec 11, 2018
OECD Updates Activations of Exchange Relationships for CbC Reports
Nov 16, 2018
Nigeria Publishes New Transfer Pricing Documentation Guidelines, Text of 2018 Regulations, and Declaration and Disclosure Forms for 2018
Oct 25, 2018
Nigeria Launches Offshore Assets Regularization Scheme
Oct 19, 2018
Nigeria Issues Notice on Submission of CbC Notifications
Sep 19, 2018
World Customs Organization Publishes Updated Guide to Customs Valuation and Transfer Pricing
Sep 11, 2018
Nigeria Issues Updated Transfer Pricing Regulations
Aug 31, 2018
Cameroon and Nigeria Conclude Tax Treaty Negotiations
Aug 22, 2018
Tax Treaty between Nigeria and Singapore to Enter into Force
Aug 08, 2018
Ghana and Nigeria Conclude Tax Treaty Negotiations
Aug 01, 2018
Nigeria Provides Guidance on CbC Reporting
Jul 18, 2018
Nigeria Approves Multilateral Agreement on Automatic Exchange of Financial Account Information
Jul 10, 2018
Nigeria Formally Publishes CbC Reporting Regulations
Jun 22, 2018
Nigeria Extends Tax Regularization Scheme to 30 June
Apr 16, 2018
Nigeria Ratifies Pending Tax Treaty with Singapore
Mar 29, 2018
Nigeria Working to Finalize Implementation of CbC Reporting
Mar 21, 2018
Nigerian Parliament Approves Petroleum Industry Governance Bill
Feb 06, 2018
Nigeria Issues CbC Reporting Regulations
Jan 25, 2018
Nigeria Launches Tax Regularization Scheme Website
Aug 24, 2017
Nigeria Signs Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS and Agreement on Exchange of Financial Account Information
Aug 18, 2017
Nigeria Revises List of Eligible Industries for Pioneer Status Incentives
Aug 09, 2017
Tax Treaty between Nigeria and Singapore Signed
Aug 07, 2017
Nigeria Ministry of Finance Confirms Interest Rate for Late Tax Payment in 2017
Aug 01, 2017
Nigeria Launches Nine-Month Tax Regularization Scheme
Jul 12, 2017
Nigeria Approves Signature of BEPS Multilateral Instrument
Jun 19, 2017
Nigeria Sets 19% Interest Rate for Late Tax Payment in 2017
Jun 02, 2017
Tax Treaty between Nigeria and Turkey under Negotiation
May 19, 2017
Nigeria Publishes Updated Transfer Pricing FAQ and Forms
Apr 21, 2017
Germany Negotiating Tax Instruments with Angola, Bahamas, Nigeria and Senegal
Feb 17, 2017
Tax Treaty between Hong Kong and Nigeria under Negotiation
Feb 06, 2017
Update - Tax Treaty between Nigeria and the U.A.E.
Jan 23, 2017
Nigeria to Sign Tax Treaty with Singapore
Nov 22, 2016
Nigeria Provides 45-Day Tax Amnesty Window
Oct 11, 2016
World Bank Publishes Global Corruption Survey Data in Relation to Taxation, Licensing and Other Areas of Doing Business
Aug 22, 2016
Nigeria Committed to CbC Reporting
Aug 12, 2016
82 Countries Committed to Implementation of Four Minimum Standards of OECD BEPS Project under Inclusive Framework
Jul 05, 2016
Nigeria Revokes Reduced Withholding Tax on Construction Activities
Jul 01, 2016
Nigeria Introduces New e-Tax Payment Channels
Jun 22, 2016
Nigeria Expected to Adopt CbC Reporting in the Near Future
Jun 17, 2016
UK Publishes List of Countries Committed to the Exchange of Beneficial Ownership Information
May 17, 2016
Update - Tax Treaty between Nigeria and Qatar
Apr 19, 2016
Nigerian Tax Tribunal Confirms VAT Obligations of Non-resident Suppliers and Nigerian Recipients
Apr 01, 2016
OECD Publishes Peer Review Reports on Transparency and Information Exchange for 10 Jurisdictions
Mar 15, 2016
Update - Tax Treaty between Nigeria and South Korea Not Effective
Mar 04, 2016
Tax Treaty between Nigeria and Qatar Signed
Mar 02, 2016
OECD Announces that 31 Countries have Signed Multilateral Agreement for the Exchange of CbC Reports
Jan 28, 2016
Tax Treaty between Nigeria and the U.A.E Signed
Jan 21, 2016
Nigeria Considering 5% National Security Tax on Profits
Dec 04, 2015
Bangladesh Negotiating Tax Treaties with 13 Countries
Nov 13, 2015
OECD Holds Inaugural Meeting for the BEPS Multilateral Instrument
Nov 12, 2015
OECD Publishes Final BEPS Package
Oct 06, 2015
Tax Treaty between Nigeria and Seychelles to be Negotiated
Sep 28, 2015
Nigeria to Enforce 30% Tax on Interim Dividends
Sep 09, 2015
Mutual Assistance Convention as Amended has Entered into Force for Azerbaijan and Nigeria
Sep 02, 2015
Tax Treaty between Nigeria and Sweden has Entered into Force
Aug 26, 2015
Nigeria Confirms Plans to Increase VAT Rate to 10%
Aug 11, 2015
Nigeria Establishes FCT Internal Revenue Service
Jul 21, 2015
Nigeria Publishes List of industries Eligible for Pioneer Status Scheme
Jul 06, 2015
Tax Treaty between Nigeria and Taiwan to be Negotiated
Jun 09, 2015
OECD Announces that Work on the BEPS Multilateral Instrument is Underway
Jun 02, 2015
Nigeria Deposits Ratification Instrument for Mutual Assistance Convention
Jun 02, 2015
Nigeria Issues Circular on Luxury Surcharges on Private Jets and Air Ticket Levies
Apr 22, 2015
Tax Treaty between Nigeria and Spain to Enter into Force 5 June 2015
Apr 15, 2015
Tax Treaty between Nigeria and South Korea (Amended)
Apr 01, 2015
Tax Treaty between Nigeria and Qatar to be Signed
Mar 30, 2015
Nigeria Reduces Pioneer Status Tax Holiday Duration
Feb 23, 2015
Nigeria Reduces Withholding Tax on Construction Activities
Feb 20, 2015
Clarification of Nigeria's Non-Resident Tax Return Filing Requirements
Jan 30, 2015
Nigeria Considering Increase in Standard VAT Rate
Jan 23, 2015
Nigeria Launches E-Filing Platform
Dec 29, 2014
ECOWAS Launches West African Economic and Trade Integration and Competiveness Programs
Dec 02, 2014
Barbados to Negotiate Tax Agreements with Burkina Faso, Cameroon, Kenya, and Nigeria
Nov 14, 2014
Nigeria to Increase Filing Requirements for Non-Residents with a PE in the Country
Nov 13, 2014
Tax Treaty between Kuwait and Nigeria
Nov 06, 2014
Nigeria Sets Late Tax Payment Penalty and Interest at 10% and 15% for 2014
Oct 30, 2014
Nigeria Clarfieies the Taxation of Exempt Entities' Passive Income
Oct 16, 2014
Nigerian Tax Appeal Tribunal Holds Interest on Related Party Loans Deductible if at Arm's Length
Oct 03, 2014
Nigeria's Pension Reform Act 2014 Signed into Law
Jul 28, 2014
Tax Treaty between India and Nigeria Under Negotiation
Jul 28, 2014
Nigeria Imposes Domestic Filing Requirements on Non-Resident Taxpayers
Jul 24, 2014
Tax Treaty between Jamaica and Nigeria under Negotiation
Jul 01, 2014
Canada and Nigeria Sign IPA
May 15, 2014
Nigeria Issues Transfer Pricing Guidance
Mar 24, 2014
Treaty between Philippines and Nigeria enters into force
Feb 01, 2014
Treaty between Kenya and Nigeria signed
Dec 02, 2013
Companies Income Tax (Exemption of Profits) Order 2012 – details
Feb 10, 2013
New transfer pricing regulations introduced
Feb 09, 2013
Treaty between Mauritius and Nigeria – details
Feb 09, 2013
Budget for 2013 – details
Dec 02, 2012
Treaty between Mauritius and Nigeria signed
Oct 14, 2012
Treaty between Spain and Nigeria – details
Nov 20, 2009
Treaty between China (People's Rep.) and Nigeria enters into force
May 13, 2009
Treaty between Korea (Rep.) and Nigeria signed
Dec 17, 2006
It has been reported that Spain initialled a first-time tax treaty with Nigeria on 20 September 2005. Further details of the treaty will be reported subsequently.
Dec 06, 2005
Nigeria and Sweden signed a first-time income tax treaty and protocol on 18 November 2004.
Jun 09, 2005