Business restructuring emerges as a critical tool for navigating these turbulent times. By optimizing operations, reducing costs, and adapting to changing market conditions, businesses can enhance their chances of long-term success. This published article explores business restructuring as a strategic imperative for building resilience during chall…

This published article highlighted some factors affecting effective TP compliance by taxpayers and the process and impact of operationalising TP as a means to help tackle these issues. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

This published article discusses Artificial Intelligence and its privacy risks. We also offer some recommendations about the ethical use of AI to ensure data privacy compliance in line with the provisions of the law. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

An employer’s tax and other regulatory compliance obligations concerning its workforce or employees are defined by the nature of the relationship or contract with the latter. In practice, some employers have neglected these obligations when the workforce is engaged as contract workers or consultants. Will this be deemed non-compliant considering th…

This article focuses on the recent transformation of TCN into the NISO and the TSP, the potential opportunities the unbundling presents for enhancing operational efficiency and grid reliability and the key things to consider prior to the conclusion of the transfer. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook…

This published article discusses the need effective internal control to ensure business continuity and investment security, ensure the accuracy and reliability of financial reporting, and promote compliance with laws and regulations. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook…

As businesses continue to expand their reach and significantly increase their use of technology, the risks must be weighed against the benefits of technology usage. Increased exposure to cyberattacks and data breach incidents necessitate improved measures to combat these issues and mitigate the resulting risks from these incidents. This public arti…

This published article delves into the complexities of the Nigerian power sector, analyzes the implications of the tariff increase, and explores potential pathways to address the sector’s persistent challenges. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

This published article examines the operations of the Electronic Money Transfer Levy (EMTL) since its commencement in 2020, its contributions to Nigeria’s financial environment, and the overall impact on the Nigerian economy. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook…

This published article discusses the recent migration of transfer pricing (TP) filings and Country-by-Country Reporting (CbCR) notification forms from the electronic TP platform (e-TP Plat) to the TaxPro Max platform by the Federal Inland Revenue Service (FIRS) in Nigeria. Taxpayers are granted until 30 June 2024 to complete any outstanding filings…

This published article discusses the key considerations for banks as they gear up to the proposed banking sector recapitalization programme. On 28 March 2024, the Central Bank of Nigeria (CBN) in line with Section 9 of the Banking and Other Financial Institutions Act (BOFIA) of 2020 released a circular on the review of minimum capital requirements …

This published article explains the nuances of tax management for high-net worth individuals and families, and also highlights strategies to mitigate risks and ensure compliance with regulatory mandates. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

This published article discusses the concept of Maximizing Nigeria's Renewable Energy Potentials for Sustainable Growth and Development. As you are aware, Nigeria is currently facing economic difficulties from the ongoing government reforms which has a general increase in the prices of goods and services. Thanks for listening! Follow us on LinkedIn…

This Published article embarks on a comprehensive exploration, unraveling the intricate relationship between corporate governance and financial performance within the unique context of Nigerian Businesses. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

As part of our annual review of the Nigerian TP space, in this article, we review the major developments in the Nigerian TP space in 2023 and the potential implications for taxpayers in 2024. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

An important discussion on the International Sustainability Standards and the game-changing dynamics they bring. The question we pose today is: How prepared is your organization for this transformative shift? Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

This published article discusses some developments around the Data Privacy in Nigeria and also highlighted relevant obligations for businesses in the coming months. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

This article provides insight into the effects of the economic issues and how they impact family businesses while offering guidelines to navigate the uncertain future and protect the Family's accumulated wealth. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

This article examines the proposed taxation of foreign exchange transactions in the parallel market and its implications on the economy and taxpayers. Parallel foreign exchange markets or “black market” as it is popularly called, has been in existence for a while now and has become a common phenomenon in most developing countries. In Nigeria, the m…

This article discusses the concept of Global Minimum Top-up Tax as a key Tax Transparency Driver for ESG Reporting. The Global Minimum Top-up Tax is an International Tax Reform under the Pillar II Tax mechanism that aims at ensuring a fairer and even distribution of taxable profits across jurisdictions that multinationals operate in. It is also an …

In recent times, the Intellectual Property space in Nigeria has witnessed a number of developments that are critical to note. In this Article, we have discussed some of these developments and highlighted the impact on creatives, IP rights owners and other stakeholders. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook…

This published article focuses on the potential tax implication of some of these policies and the strategies that businesses have adopted in ensuring survival during this very challenging phase. More specifically, it highlights the intricacies of the free-floating exchange rate policy vis-à-vis its current and potential future tax implications, tre…

This publishes article discusses on how ESG practices are becoming more and more crucial for businesses and organizations. ESG practices can aid companies in lowering risks, enhancing their image, and luring in new clients. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook…

This published article provides highlights on the Personal Income Tax (PIT) obligations for Non-Resident Employers of Labour in Nigeria as it pertains to their Nigerian employees. Our discussions herein are limited to NREs that do not require any form of business registration in Nigeria. Thanks for listening! Follow us on LinkedIn and Twitter or fi…

This published article explores the ways in which technology is transforming businesses and facilitating efficiency in accounting procedures, as well as the benefits it brings to the accounting profession. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

This published article examines some of the reasons for this third generation “curse” and offered suggested strategies to family businesses on how to beat it. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

In this published article, we explore the nature of the CVFF and how eligible indigenous maritime operators can access finance from the Fund to expand their maritime assets and capabilities. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

This published article examines the impact of ESG on the growth and productivity of business organisations. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

This published article discusses the Transfer Pricing Returns Filing in Nigeria as the month of June is usually an extremely busy season for taxpayers and tax consultants, primarily because most companies in Nigeria have a December year-end and are required by law to file their TP returns six (6) months after the year-end i.e. on or before 30 June …

This published article examines the important reasons why the Board of Directors should be actively involved in data privacy compliance within their organisations as well as practical steps towards promoting effective board participation in data privacy related matters. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook…

This article published article examines some of the policies enacted to aid foreign direct investment in Nigeria, and the tax and other regulatory challenges that impede local and foreign investors in Nigeria’s business environment. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook…

This article examines prior legislative efforts to discourage gas flaring and we will also consider the implications of the proposed gas flaring provisions in the Finance Bill 2022. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

This published article seeks to examine the taxation of transactions involving uncommon digital assets such as Cryptocurrencies and Non-Fungible Tokens (NFTs) in Nigeria, the current and potential future implications of holding such assets and the imminent changes to our taxing legislature with implications for digital asset creators, buyers and se…

This published article discusses several strategies businesses can adopt in order to showcase a resilient business model and increase the chances of a successful fundraise process during a political year. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

2023 still shoulders some of the burdens in 2022 and is set to face its ripple effects. With the ongoing Russia-Ukraine war, oil prices are expected to remain at a relatively high price above its peak in 2021. Although, this is supposed to be an advantage to Nigeria due to its status as the largest oil producer in Africa, the Nigerian oil sector ha…

This published article seeks to highlight the major provisions in the Bill and discuss its impact on data controllers, data processors and data subjects in Nigeria. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

This published article seeks to discuss the compliance challenges with respect to social security contribution schemes in Nigeria, with a particular focus on the Industrial Training Fund (ITF) and Employees Compensation Scheme (ECS or “the Scheme”). We have also provided our views on boosting the compliance levels to social security contributions i…

This published article seeks to evaluate some of the amendments to the tax laws introduced by the Finance Act that impact NRCs operations in Nigeria. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

This published article focuses on the role of some of the stakeholders in the Nigerian Maritime Sector in driving voluntary tax compliance. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

This published article focuses on some of the salient tax provisions in the Bill and the potential implications on businesses for both indigenous and non-resident companies. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

This published article discusses how to position and manage the Enterprise Risk Management Function for Strategic Organizational Efficiency Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

This published article examines the regulatory framework for nutritional claims in Nigeria and provides relevant insights on the considerations for labelling and advertisement of food products and the roles played by the regulator in the validation of these claims and approval of adverts. Thanks for listening! Follow us on LinkedIn and Twitter or f…

This published article provides an overview of Advance Pricing Agreements, examines the provisions relating to APA in Nigeria and highlights the benefits of entering into APAs to taxpayers and the FIRS. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

In this published article, we discuss wealthy individuals and families with dual/multiple citizenships and the implications of this status to their wealth transfer/succession plans. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

This published article discusses how taxpayers can make use of the e-TP Platform and how it can be navigated effectively to ensure that the Transfer Pricing returns are filed on time. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

This published article discusses how businesses can lower the risk of regulatory non-compliance by proactively analysing the recently implemented legislation to see how they affect their operations besides the new filing requirements and deadlines. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook…

This published article discusses the meaning of gifts under Nigerian law, highlights the provisions of the Personal Income Tax Act (PITA or “the Act”) with respect to gifts and then analyses the tax impact of gifts received in Nigeria and the practice in some other jurisdictions. Thanks for listening! Follow us on LinkedIn and Twitter or find us on…

This published article, discusses management’s role in ensuring that an organisation has an effective internal control system. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

This published article focuses on the potential implications of the Digital Services Taxes for the Nigerian economy and businesses and the implications of the Two-Pillar Solution. Thanks for listening! Follow us on LinkedIn and Twitter or find us on FacebookAf Andersen Nigeria

Given the significant role that the InfraCorp is expected to play within the Nigerian economy, this published article discusses the general overview of the InfraCorp, its prospects and likely challenges as well as outlook for the future. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook…