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Nigeria: Country-by-country reporting, implementation moves forward

Nigeria: Country-by-country reporting

Nigeria’s Federal Executive Council has approved the Multilateral Competent Authority Agreement (MCAA) for the exchange of country-by-country (CbC) reports. Nigeria signed the MCAA in January 2016, along with representatives of some 30 other countries.


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With approval of the MCAA by the council, Nigeria is a step closer to implementation of the base erosion and profit shifting (BEPS) Action 13 on CbC reporting. It is expected that a bill to transpose the CbC rules into Nigerian law will be presented to the National Assembly soon.


Read an August 2016 report [PDF 76 KB] prepared by the KPMG member firm in Nigeria

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