Nigeria–MNE Tax

Africa

EU tax transparency directive: When turkeys vote for Christmas

January 10, 2022

Cédric Maheo, CWA Morocco, discusses how the EU directive on public country-by-country reporting for large multinationals, published in the Official Journal of the European Union on December 1, will give tax authorities in the developing world new data on multinationals operating in . . .

Africa

Nigeria transfer pricing local file requirement takes effect as suspension withdrawn

January 6, 2022

Nigeria’s Federal Inland Revenue Service on January 4 issued a notice withdrawing its previous suspension of the local file country-by-country reporting requirement for local branches and subsidiaries of multinational groups that are . . .

Africa

International tax-related information exchange generates billions in revenue, Global Forum reports

November 17, 2021

The automatic exchange of financial account information between countries is linked directly to at least EUR 3 billion in additional tax revenues; it also has contributed, through voluntary disclosure and other programs, to more than EUR 112 billion in additional tax revenues, according to a November 17 . . .

Africa

‘Tax Inspectors Without Borders’ expands developing country tax and transfer pricing assistance

November 9, 2021

Tax Inspectors Without Borders – a joint initiative of the OECD and United Nations Development Programme – expanded the scope of its assistance to developing country tax administrations, according to the initiative’s 2021 annual report released November 9, amid challenges faced by . . .

Africa

Kenya prefers its digital tax, which hits 89 companies in the country, to global tax deal, which would only hit 11 (exempting Uber and others); also objects, with Nigeria, to deal’s mandatory binding arbitration: Carlos Mureithi / Quartz Africa→

November 5, 2021

Asia-Pacific

Mauritania becomes 141st country to join global tax ‘Inclusive Framework’

November 4, 2021

The OECD Inclusive Framework gains another member, with the northwestern Africa country of Mauritania joining as the 141st member, according to a November 4 OECD release. Mauritania is also joining the October 8 global tax pact.

Africa

Global tax talks reach ‘critical mass’ for landmark deal by tweaking details

October 8, 2021

The historic October 8 agreement on a global minimum tax and new rules for allocating taxing rights for large multinationals both firms up issues left open in the initial July statement and reflects concessions that were made to bring into the deal a few new countries, including . . .

Africa

Global minimum tax negotiations focus on carve-outs, EU consensus, closing deal

September 30, 2021

Negotiators are seeking to achieve final consensus on the details of the global minimum tax deal, according to September 29 comments from European Commission official Benjamin Angel, with talks centering on the terms for carve-outs and other technical aspects that might bring into the fold remaining . . .

Africa

G-24 warns that global tax deal will fail without better terms for developing countries

September 21, 2021

An international tax agreement on new profit allocation rules and a minimum tax will “not be sustainable even in the medium run” unless the terms allow developing countries to see fair shares under both pillars of the deal, the G-24 contended in September 19 comments submitted . . .

Africa

Nigeria’s petroleum industry bill includes tax changes to spur investment, increase revenue

August 16, 2021

Ibrahim Moshood, Centurion Law Group, discusses the Nigerian National Assembly’s July 1 passage of the petroleum industry bill, including tax changes expected to increase . . .

Africa

Countries take diverse transfer pricing approaches to financial transactions, profit attributions

August 4, 2021

Updated transfer pricing country profiles released by the OECD on August 3 include for the first time information on 20 reviewed countries’ transfer pricing rules applicable to . . .

Americas

G20 reaffirms tax deal while EU delays digital levy, US eyes legislation

July 12, 2021

The communique issued by the G20 finance ministers at the conclusion of their July 9–10 meeting did not break substantial new ground in international tax talks, but the discussions seemed to help clear a hurdle in helping to . . .

Africa

130 nations endorse global tax overhaul, nine nations hold out

July 1, 2021

Following virtual talks between 139 nations represented in the OECD’s “Inclusive Framework,” 130 nations signed onto a detailed statement on July 1 for adopting new international tax rules, including . . .

Africa

Irish tax treaty commentators disagree on approach to new negotiations

June 23, 2021

Comments from business groups and non-governmental organizations, published June 21, in response to Ireland’s public consultation on its tax treaty policy identified several jurisdictions where . . .

Africa

OECD publishes details on 40 countries’ uptake of transfer pricing rules for hard-to-value intangibles

December 16, 2020

The OECD today published 40 responses to a questionnaire that asked officials whether their country has adopted transfer pricing rules for . . .

Africa

Nigeria clarifies new tax on nonresident digital businesses

July 6, 2020

Gabriel Nwodo and Oluwapelumi Omoniyi of AELEX, Nigeria, discuss a new Nigerian order addressing when a digital business operated by a nonresident company is deemed to have a significant economic presence in Nigeria and is thus subject to tax . . .

Nigeria’s Tax Appeal Tribunal decides Prime Plastichem transfer pricing case

March 16, 2020

Chizaram Modline Oparaji of Deloitte Middle East, Dubai, discusses a Nigerian Tax Appeal Tribunal decision, delivered February 19, finding in favor of the tax authority in a dispute over Prime Plastichem Nigeria Limited’s transfer pricing method . . .

Africa

Nigeria’s new finance bill becomes law adding new VAT rate of 7.5%, digital tax, withholding on tax foreign services: Celia Becker / ENSafrica→

January 22, 2020

Africa

Shell publishes country-by-country tax report

December 22, 2019

Oil giant Royal Dutch Shell on December 17 published its country-by-country report data for 2018 on the internet, providing . . .

Africa

New Nigeria circular explains how nonresidents may claim tax treaty benefits: Federal Inland Revenue Service→

December 11, 2019

Africa

Nigeria to introduce e-filing for transfer pricing related returns: PwC→

October 16, 2019

Africa

Nigeria to collect company tax debt from directors, staff: Deloitte→

August 29, 2019

Africa

Japan, Nigeria to begin tax treaty negotiations

June 18, 2019

The Ministry of Foreign Affairs of Japan . . .

Africa

Switzerland’s Federal Council approves plan to exchange account data with 19 more country tax administration

May 30, 2019

Davide Anghileri of the University of Lausanne writes that Switzerland’s Federal Council adopted a dispatch yesterday approving the introduction of automatic exchange of financial account information with 19 more countries . . .

Africa

Nigeria publishes country-by-country reporting regulations: KPMG→

September 24, 2018

Africa

New CIAT database tracks BEPS implementation in 36 countries

February 22, 2019

The Inter-American Center of Tax Administrations (CIAT) on February 21 released . . .

Africa

New Nigerian transfer pricing regs promote compliance, official says: Peter Uzoho / THISDAYLIVE→

September 20, 2018

Africa

Nigeria signs MLI to tackle tax avoidance by multinational firms

August 17, 2017

Nigeria today signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base . . .

Africa

Nigeria revises list of industries eligible for pioneer status tax incentive: EY→

August 15, 2017

Africa

Nigeria publishes country-by-country reporting regulations: KPMG→

June 28, 2018

Africa

Singapore, Nigeria income tax treaty enters into force

August 3, 2018

The Inland Revenue Authority of Singapore has today announced that a comprehensive tax treaty signed between Singapore and Nigeria has been ratified . . .

Australia

31 nations sign agreement on exchange of country-by-country transfer pricing reports

January 27, 2016

In an effort to provide their tax administrations with more tools to combat corporate tax avoidance through transfer pricing, officials from 31 countries today signed an agreement setting . . .

Africa

Nigeria committee to investigate perceived abuse of pioneer status tax incentive: Deloitte→

May 22, 2017

Switzerland starts consultation on introduction of AEOI with 18 further states

December 11, 2018

Davide Anghileri of the University of Lausanne writes that Switzerland expects to soon introduce automatic exchange of financial account information with 18 more states and territories . . .

Lesotho

Nigeria’s Fowler reelected as head of African Tax Administration Forum

October 29, 2018

Tunde Fowler, Executive Chairman of Nigeria’s Federal Inland Revenue Service (FIRS), has been re-elected Council Chairman of the African Tax Administration Forum (ATAF) for a two-year . . .

Africa

Trade unions accuse Chevron of avoiding tax in Nigeria, Argentina, Venezuela using Dutch letterbox companies: Business Insider→

October 9, 2018

Africa

G20 finance ministers endorse plan for multilateral instrument to implement BEPS

February 10, 2015

G20 finance ministers have agreed to a plan to create a multilateral instrument to implement tax treaty-related measures under OECD/G20 the base erosion and profit shifting (BEPS) plan, the ministers said in a communique following their February 9-10 meeting in Istanbul . . .

Africa

Nigeria imposes new requirements on nonresident companies that file on a deemed basis, EY reports

August 6, 2014

Nigeria’s Federal Inland Revenue Service (FRIS) has notified nonresident companies that they must include audited financial statements and tax computations of actual profits . . .

Khaled Al Zaabi on Spanish government proposes digital services tax: “We are seeking assistance with Digital Assets and International Tax Consulting to help Abu Dhabi UAE Oil Company navigate the…” October 24 ,2024

Emma Hinson Sims on The Pillar One blueprint — the potential future of international taxation and transfer pricing: “HAPPY BIRTHDAY TO A VERY SMART, BEAUTIFUL, YOUNG LADY ON JANUARY 13TH.” January 6 ,2024

David Valdez on US Tax Court resolves Whirlpool tax dispute involving Mexican maquiladora structure: “Greetings Whirlpool Mexico, I’m trying to contact someone involved with the decision making for transportation from all of your Mexican…” October 20 ,2023

Jose Dominguez on The new US international tax rules: what you need to know about GILTI, FDII, BEAT etc.: “Very informative article. Question. Do you have a software to compute these US International Calcs to make them in house?” April 12 ,2023

Ciro César Soriano de Oliveira on Danish High Court rules on beneficial ownership of dividends for tax purposes: “Dear Ms Susi, This article is immensely clarifying. I’d like to know whether Danish Supreme Court has already granted its…” March 24 ,2023

May 19 – 20	Tax Council Policy Institute Conference	Washington, D.C.
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