Nigeria: Withholding Tax

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.

Intellectual property ("IP") is increasingly becoming a key driver of value in Nigeria's modern economy. The IP industry accounted for approximately 2.3% of Nigeria's GDP in recent years, and the government projections...

If you're a founder, CEO, or business owner in Nigeria, you've probably seen a lot of tax myths posing as "tax advice" everywhere lately.

For many foreign investors entering Nigeria's fast-growing markets, profitability is only half the battle. The real challenge lies in how much of those profits...

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 Nigeria Revenue Service (Establishment) Act, 2025 marks a significant shift in the country's tax administration framework. The Act formally rebrands the FIRS as the NRS, establishing it as the central authority for tax administration in Nigeria.

In June 2024, the Federal Government of Nigeria through the Minister of Finance and Coordinating Minister of the Economy, Adebayo Olawale Edun issued the Deduction of Tax at Source (Withholding) Regulations, 2024...

On the 1 st of July 2024, the Federal Government of Nigeria, under the hand of the Finance Minister, Hon. Olawale A. Edun, announced the promulgation and immediate implementation...

Nigeria has overhauled its nearly half-century-old regime on the administration of withholding tax (WHT) with the signing of the Deduction of Tax at Source (Withholding)...