Overview
Nigeria's tax regime has entered a new era. With the Nigeria Tax Act 2025, the Nigeria Tax Administration Act 2025, and the establishment of the Nigeria Revenue Service now in force, the landscape has shifted in ways that boards and executives cannot afford to overlook.
This Q1 brief examines the decisions and developments shaping the new regime. It covers the courts' clarification of the Tax Appeal Tribunal's role as the primary forum for tax disputes, the sector implications for financial services, energy, M&A, and free trade zones, and the compliance areas that demand immediate attention, from VAT filing discipline to fiscalisation and the use of advance rulings.
