Olaniwun Ajayi LP

August 12, 2025

Nigerian Tax Updates 2025

Nigeria’s Tax Landscape in Q2 2025: Key Developments and Insights

The strong momentum of the first quarter of 2025 signalled the prospect of a dynamic and eventful year in Nigeria’s tax landscape. This trend has continued into the second quarter,...

August 4, 2025

Regulatory Framework for the Taxation of Companies in the Manufacturing Sector Under the Nigeria Tax Act 2025

Regulatory Framework for the Taxation of Companies in the Manufacturing Sector Under the Nigeria Tax Act 2025

The third edition of our “Deconstructing the Tax Reform Acts” Series, titled “Regulatory Framework for the Taxation of Companies in the Manufacturing Sector Under the Nigeria Tax Act 2025”, offers...

July 23, 2025

Taxing-Non-Resident-Companies under the Tax Reform Acts

Taxing Non-Resident Companies Under the Tax Reform Acts

As part of Olaniwun Ajayi LP’s ‘Deconstructing the Tax Reform Acts’ Series, this article is focused on taxes imposed on Non-Resident Companies (Including Persons Engaged in Shipping and Air Transport...

July 16, 2025

Employment Income Taxation Under the Tax Reform Act

Employment Income Taxation under the Tax Reform Acts: A Compliance Guide for Employees and Employers

On June 26, 2025, President Bola Ahmed Tinubu signed into law four landmark pieces of legislation: the Nigeria Tax Act (NTA), the Nigeria Tax Administration Act (NTAA), the Nigeria Revenue...

May 19, 2025

Analysis of the latest cases in Nigerian Taxation May 2025

Federal High Court Upholds TAT Decision in Relation to the Constitutionality of the Income Tax (Country-by-Country Reporting) Regulation 2018

On 5 May 2025, the Federal High Court, Lagos Division, affirmed the Tax Appeal Tribunal’s decision setting aside administrative penalties imposed by the Federal Inland Revenue Service (FIRS) on Checkpoint...

April 25, 2025

Q1 Review of the Nigerian Tax Landscape

Q1 2025 Review of the Nigerian Tax Landscape

The strong momentum at the outset of the first quarter of 2025 signals the prospect of a dynamic and eventful year in Nigeria’s tax landscape. Though still early days, this...

April 24, 2025

Demystifying Taxation in Nigeria: Addressing Common Misconceptions in Tax

Not true. Sections 3 and 33 of the Personal Income Tax Act (as amended) (PITA) cover income from other sources beyond salaries. These include income from trade or business, investment,...

April 22, 2025

A Review of the FIRS Advance Pricing Guidelines 2024

A Review of the FIRS Advance Pricing Agreements Guidelines 2024

Nigeria has officially activated its Advance Pricing Agreement (APA) regime with the release of detailed APA Guidelines by the Federal Inland Revenue Service on 27 November 2024. For long, taxpayers...

February 14, 2025

Nigerian Tax Landscape in 2025

Tax Wrap Up Report and Outlook 2025

It has been said that there are decades where nothing happens and weeks where decades happen. This sentiment has never been more relevant than in the 2024 fiscal year. This...

October 31, 2024

Nigerian Tax Updates Q3 2024

Nigeria Tax Updates in Q3 2024

The penultimate quarter of 2024 saw significant developments in Nigeria’s tax landscape. From definitive rulings by the Tax Appeal Tribunal to various incentives to strengthen the oil and gas sector...

August 12, 2025

Nigerian Tax Updates 2025

Nigeria’s Tax Landscape in Q2 2025: Key Developments and Insights

The strong momentum of the first quarter of 2025 signalled the prospect of a dynamic and eventful year in Nigeria’s tax landscape. This trend has continued into the second quarter,...

August 4, 2025

Regulatory Framework for the Taxation of Companies in the Manufacturing Sector Under the Nigeria Tax Act 2025

Regulatory Framework for the Taxation of Companies in the Manufacturing Sector Under the Nigeria Tax Act 2025

The third edition of our “Deconstructing the Tax Reform Acts” Series, titled “Regulatory Framework for the Taxation of Companies in the Manufacturing Sector Under the Nigeria Tax Act 2025”, offers...

July 23, 2025

Taxing-Non-Resident-Companies under the Tax Reform Acts

Taxing Non-Resident Companies Under the Tax Reform Acts

As part of Olaniwun Ajayi LP’s ‘Deconstructing the Tax Reform Acts’ Series, this article is focused on taxes imposed on Non-Resident Companies (Including Persons Engaged in Shipping and Air Transport...

July 16, 2025

Employment Income Taxation Under the Tax Reform Act

Employment Income Taxation under the Tax Reform Acts: A Compliance Guide for Employees and Employers

On June 26, 2025, President Bola Ahmed Tinubu signed into law four landmark pieces of legislation: the Nigeria Tax Act (NTA), the Nigeria Tax Administration Act (NTAA), the Nigeria Revenue...

May 19, 2025

Analysis of the latest cases in Nigerian Taxation May 2025

Federal High Court Upholds TAT Decision in Relation to the Constitutionality of the Income Tax (Country-by-Country Reporting) Regulation 2018

On 5 May 2025, the Federal High Court, Lagos Division, affirmed the Tax Appeal Tribunal’s decision setting aside administrative penalties imposed by the Federal Inland Revenue Service (FIRS) on Checkpoint...

April 25, 2025

Q1 Review of the Nigerian Tax Landscape

Q1 2025 Review of the Nigerian Tax Landscape

The strong momentum at the outset of the first quarter of 2025 signals the prospect of a dynamic and eventful year in Nigeria’s tax landscape. Though still early days, this...

April 24, 2025

Demystifying Taxation in Nigeria: Addressing Common Misconceptions in Tax

Not true. Sections 3 and 33 of the Personal Income Tax Act (as amended) (PITA) cover income from other sources beyond salaries. These include income from trade or business, investment,...

April 22, 2025

A Review of the FIRS Advance Pricing Guidelines 2024

A Review of the FIRS Advance Pricing Agreements Guidelines 2024

Nigeria has officially activated its Advance Pricing Agreement (APA) regime with the release of detailed APA Guidelines by the Federal Inland Revenue Service on 27 November 2024. For long, taxpayers...

February 14, 2025

Nigerian Tax Landscape in 2025

Tax Wrap Up Report and Outlook 2025

It has been said that there are decades where nothing happens and weeks where decades happen. This sentiment has never been more relevant than in the 2024 fiscal year. This...

October 31, 2024

Nigerian Tax Updates Q3 2024

Nigeria Tax Updates in Q3 2024

The penultimate quarter of 2024 saw significant developments in Nigeria’s tax landscape. From definitive rulings by the Tax Appeal Tribunal to various incentives to strengthen the oil and gas sector...