Olaniwun Ajayi LP

October 14, 2025

Taxation of Oil and Gas Companies under Nigeria’s New Fiscal Framework

In this edition of our Deconstructing the Tax Reform Acts Series, we explore how the NTA reshapes petroleum taxation, highlight key fiscal and compliance updates, and examine what these changes...

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 24, 2024

Newsletter on Deep Offshore Production and Tax Incentives 2024

Deep Offshore Production: 2024 Tax Incentives

On October 2, 2024, the Nigerian government, through the Minister of Finance and Coordinating Minister of the Economy unveiled the Notice of Tax Incentives on Deep Offshore Oil and Gas...

June 3, 2020

SEP

Nigeria issues the Companies Income Tax (Significant Economic Presence) Order, 2020

The Finance Act 2019 heralded the introduction of a new framework for the taxation of e-commerce in Nigeria and this was to be based on the Significant Economic Presence (SEP)...

June 2, 2020

The Value Added Tax (VAT) Modification Order 2020

The Honourable Minister of Finance, Budget and National Planning, in the exercise of powers granted in section 38 of the Value Added Tax Act Cap V1 LFN 2004 (VATA or the Act)...

May 22, 2020

FIRS Circular

FIRS Circular on the Tax Implications of Operation of Real Estate Investment Companies in Nigeria

Following the passage of the Finance Act 2019, the Federal Inland Revenue Service (FIRS or the Service) has released several circular providing clarification on certain provisions of extant tax laws...

May 15, 2020

FIRS circular

FIRS Circular on the Implementation of The Value Added Tax Provisions in the Finance Act 2019

With the introduction of sweeping changes to the provisions of existing tax laws in Nigeria by the Finance Act 2019 (the Act), it has become necessary for the Federal Inland Revenue...

May 5, 2020

TP

Navigating Transfer Pricing Concerns in the Covid Season

In its latest Interim Economic Outlook of March 2020, the Organisation for Economic Co-operation and Development (OECD) warns that the COVID-19 Pandemic (“the Pandemic” or “the Virus”) is the global...

March 27, 2020

Tax banner

COVID-19: Impact on Business and Tax Implications

Given the gross reduction in the volume of economic activities in most countries, including Nigeria; and in some cases, a complete halt, the Coronavirus pandemic (the Pandemic) is bound to...

October 14, 2025

Taxation of Oil and Gas Companies under Nigeria’s New Fiscal Framework

In this edition of our Deconstructing the Tax Reform Acts Series, we explore how the NTA reshapes petroleum taxation, highlight key fiscal and compliance updates, and examine what these changes...

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 24, 2024

Newsletter on Deep Offshore Production and Tax Incentives 2024

Deep Offshore Production: 2024 Tax Incentives

On October 2, 2024, the Nigerian government, through the Minister of Finance and Coordinating Minister of the Economy unveiled the Notice of Tax Incentives on Deep Offshore Oil and Gas...

June 3, 2020

SEP

Nigeria issues the Companies Income Tax (Significant Economic Presence) Order, 2020

The Finance Act 2019 heralded the introduction of a new framework for the taxation of e-commerce in Nigeria and this was to be based on the Significant Economic Presence (SEP)...

June 2, 2020

The Value Added Tax (VAT) Modification Order 2020

The Honourable Minister of Finance, Budget and National Planning, in the exercise of powers granted in section 38 of the Value Added Tax Act Cap V1 LFN 2004 (VATA or the Act)...

May 22, 2020

FIRS Circular

FIRS Circular on the Tax Implications of Operation of Real Estate Investment Companies in Nigeria

Following the passage of the Finance Act 2019, the Federal Inland Revenue Service (FIRS or the Service) has released several circular providing clarification on certain provisions of extant tax laws...

May 15, 2020

FIRS circular

FIRS Circular on the Implementation of The Value Added Tax Provisions in the Finance Act 2019

With the introduction of sweeping changes to the provisions of existing tax laws in Nigeria by the Finance Act 2019 (the Act), it has become necessary for the Federal Inland Revenue...

May 5, 2020

TP

Navigating Transfer Pricing Concerns in the Covid Season

In its latest Interim Economic Outlook of March 2020, the Organisation for Economic Co-operation and Development (OECD) warns that the COVID-19 Pandemic (“the Pandemic” or “the Virus”) is the global...

March 27, 2020

Tax banner

COVID-19: Impact on Business and Tax Implications

Given the gross reduction in the volume of economic activities in most countries, including Nigeria; and in some cases, a complete halt, the Coronavirus pandemic (the Pandemic) is bound to...