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Income Tax (Common Reporting Standard) Regulations

Income Tax (Common Reporting Standard) Regulations

The Federal Inland Revenue Service (FIRS) recently issued the Income Tax (Common Reporting Standards) Regulations, 2019 (“CRS Regulations”) pursuant to its powers under Section 61 of the FIRS (Establishment) Act, 2007.

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Wole Obayomi

Partner & Head, Tax, Regulatory & People Services

KPMG in Nigeria

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Income Tax (Common Reporting Standard) Regulations

The CRS Regulations commenced on 1 July 2019 and will apply from calendar year ending 31 December 2019 onwards.

Please click here to read our detailed Newsletter on the CRS Regulations and here for our earlier Tax Alert on the subject.

For any enquiries on the above, please contact:

Wole Obayomi

ng-fmtaxenquiries@ng.kpmg.com

© 2020 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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