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, hinting that 2025 may become the most significant year for Nigeria’s tax regime in recent times.
The second quarter saw landmark judicial decisions alongside significant legislative and administrative developments. Our Q2 newsletter spotlights these developments, delivering current insightful tax updates. We explore the long-awaited presidential assent of the tax reform Bills into law, the Federal High Court’s affirmation of the Tax Appeal Tribunal’s decision on the unconstitutionality of the Income Tax Country-by-Country Reporting Regulations 2018, and government policies such as Nigeria’s Double Taxation Agreement with Rwanda and the FIRS’ preparation to launch the e-invoicing system.
Our newsletter is divided into three segments: Part A deals with judicial pronouncements, Part B with legislative developments, and Part C highlights key government policies and administrative decisions.
