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Transfer Pricing Newsletter - Presentation on Impact of BEPS and Other Reforms

Transfer Pricing Newsletter - Impact of BEPS

The Head of International Tax Department of the Federal Inland Revenue Service (FIRS), Mr. M.O. Gbonjubola, was the Keynote Speaker at the KPMG Quarterly Tax Breakfast Seminar held on Tuesday, 19 June 2018.

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Wole Obayomi

Partner & Head, Tax, Regulatory & People Services

KPMG in Nigeria

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Transfer Pricing

Mr. Gbonjubola discussed key changes in the Nigerian Transfer Pricing (TP) environment and also highlighted some of the achievements of the Federal Government in modelling the Nigerian TP regime after global best practices. The changes include:

  • Revision of the TP Regulations
  • Implementation of Country-by-Country Reporting and Automatic Exchange of Information
  • Review of Nigerian Model Tax Convention

The expectation is that the above reforms would further develop the TP regime in Nigeria to promote greater transparency and accountability.  

Click here to access our newsletter, which provides a summary of discussions at the Tax Breakfast Seminar.

© 2019 KPMG Professional Services, a partnership registered in Nigeria and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

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