Tag Country-by-Country Reporting

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Transfer Pricing

FIRS introduces electronic filing of transfer pricing returns

In Nigeria, companies with related-party transactions may also have transfer pricing (TP) and country-by-country reporting (CbCR) responsibilities. These entities will file their TP and CbCR returns to the tax authority in the prescribed format. Thus far, the method of filing…

March 30, 2020

Tax, Transfer Pricing

FIRS enforces compliance with Country-by-Country Reporting Regulations

The Federal Inland Revenue Service (FIRS) has started to enforce compliance with the Income Tax (Country-by-Country Reporting) Regulations (2018) in Nigeria. Under the Country-by-Country Reporting (CbCR) Regulations, multinational enterprises (MNEs) should provide the total details of income, tax paid, and…

February 23, 2019