FIRS issued a public notice in January 2022 withdrawing the public notice 6/05/21 and reinstating the filing of CbC reports. Learn more here.

On 4 January 2022, Nigeria announced the resumption of CbC report local filing for Non-Parent Entities. Click here to learn more.

The Nigerian Revenue Authorities extends the deadline for waiver of interest and penalties on outstanding tax liabilities by 1 month.  Learn more here.

On 7 October 2021, His Excellency, President Muhammadu Buhari, presented the 2022 Federal Budget Proposal to the National Assembly of Nigeria. The Nigerian Budget theme for 2022 is a “Budget of Economic Growth and Sustainability”. Read more here.

A few days ago, a leaked bill amending the National Information Technology Development Agency Act 2007 started to circulate in Nigeria. This alleged bill imposes a new levy for tech, digital startups and other related companies. In this article, we summarise the modalities of the National Information Technology Levy and the potential changes according to the Aug 2021 leaked bill. Click here to read more.

Nigeria’s Tax Authority issued a public notice on 1 April informing all approved enterprises operating within Nigeria’s Free Trade Zones of their duty to file income tax returns as from 2021 and compute and pay any income tax due. We also cover the special filing arrangements set up for FZEs. Learn more in our article.

The Nigerian Tax authority, the Federal Inland Revenue Authority announced the deployment of their new automated tax administration system. Click here for more info.