“Multinationals will operate under a more structured and closely supervised TP regime,” Onyinye Afolabi, a transfer pricing expert from a consulting firm in Abuja, said.
Nigeria has already incorporated several BEPS (Base Erosion and Profit Shifting) rules into its local tax framework.
“Developing e
Many multinationals use transfer pricing techniques to avoid tax compliance and shift profits from high-tax to low-tax countries. The new tax reform ensures a stricter transfer pricing policy so that companies don’t underpay the government.
“Multinationals will operate under a more structured and closely supervised TP regime,” Onyinye Afolabi, a transfer pricing expert from a consulting firm in Abuja, said.
Nigeria has already incorporated several BEPS (Base Erosion and Profit Shifting) rules into its local tax framework.
“Developing e