Nigeria News

OECD Global Forum Discusses Tax Transparency Progress
by Ulrika Lomas, Tax-News.com, Brussels
Friday, November 17, 2017
200 delegates from more than 90 delegations met in Yaoundé, Cameroon, on November 15-17, 2017, for the 10th meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes which now includes 147 countries and jurisdictions. Read Full Story

27 Industries Newly Granted Pioneer Status In Nigeria
by Lorys Charalambous, Tax-News.com, Cyprus
Tuesday, August 8, 2017
The Nigerian authorities have granted Pioneer Status to a further 27 industries, after the first review of the incentive since 2006. Read Full Story

Nigeria Launches Tax Amnesty
by Lorys Charalambous, Tax-News.com, Cyprus
Friday, July 7, 2017
Nigeria launched a new tax amnesty for companies and individuals on July 1. Read Full Story

Nigeria To Sign OECD's Multilateral Tax Treaty Instrument
by Lorys Charalambous, Tax-News.com, Cyprus
Monday, June 19, 2017
Nigeria's Cabinet has approved the signing of the BEPS Multilateral Instrument to introduce anti-base erosion and profit shifting (BEPS) measures into its tax treaties. Read Full Story

IMF Says African Countries Need To Tap New Revenue Streams
by Lorys Charalambous, Tax-News.com, Cyprus
Thursday, May 11, 2017
Sub-Saharan African countries should look to tap tax revenues outside natural resources, to finance stimulus measures that could reinvigorate their ailing economies, a new report from the International Monetary Fund says. Read Full Story

Nigeria Should Develop Broad Tax Reforms: IMF
by Lorys Charalambous, Tax-News.com, Cyprus
Wednesday, April 5, 2017
Nigeria should introduce a number of tax reforms in 2017 to reduce its reliance on oil revenues, the International Monetary Fund has said. Read Full Story

Nigeria Denies Plans To Increase Taxes
by Lorys Charalambous, Tax-News.com, Cyprus
Friday, February 17, 2017
Nigeria's Minister of Budget and National Planning, Udoma Udo Udoma, has denied that the Nigerian Government intends to raise taxes and will instead focus on compliance. Read Full Story

Nigeria Rules Out Value-Added Tax Rate Hike
by Lorys Charalambous, Tax-News.com, Cyprus
Friday, December 9, 2016
A Nigerian government spokesperson has confirmed that the nation is not planning to increase its value-added tax (VAT) rate or impose new taxes to increase tax revenue. Read Full Story

Nigerians To Need Tax Certificates To Get Passports
by Lorys Charalambous, Tax-News.com, Cyprus
Monday, December 5, 2016
The Executive Chairman of Nigeria's Federal Inland Revenue Service, Babatunde Fowler, has disclosed that the Nigerian Government is to introduce a requirement for an individual to show a tax certificate before obtaining or renewing a passport. Read Full Story

Tax Inspectors Without Borders Boosting Revenues For Developing States
by Ulrika Lomas, Tax-News.com, Brussels
Friday, November 25, 2016
More than USD260m in tax revenues has been generated through the Tax Inspectors Without Borders initiative since its launch in July last year, the OECD announced on November 22. Read Full Story
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