In a landmark legislative overhaul in June 2025, Nigeria reformed its tax landscape. The reform built upon four interconnected laws, each with a distinct purpose: one that defines what is taxed; one that outlines how taxes are administered; one that establishes a new federal tax authority; and one that creates bodies for coordination and dispute resolution.
More
Сhoose
Corporate Law & Practice
Industry Insight
Regulatory Compliance
Technology Law
September 28, 2022
International Businesses in the Digital Economy: Why Nigeria Adopted its Significant Economic Presence (SEP) Rules over OECD’s Corporate Tax Agreement
In this article, Jude Ayua briefly highlights and discusses the provisions of the OECD framework on base erosion, profit sharing, and taxation of international businesses in the digital economy, the three reasons why the FIRS rejected it, and the four steps FIRS has taken to ensure that Nigeria’s revenue is not hurt by its decision.