Nigeria: Tax amnesty program | KPMG Global
Share with your friends

Nigeria: Tax amnesty program

Nigeria: Tax amnesty program

The Federal Ministry of Finance has been authorized to establish a “voluntary assets and income declaration scheme” for taxpayers with unpaid tax liabilities—that is, a tax amnesty program.


Related content

The tax amnesty program is effective 1 July 2017. The program provides a nine-month period during which eligible taxpayers can declare their previously unreported assets and income from all sources (whether inside or outside Nigeria) for the preceding six years (the 2011-2016 years of assessment) in order to regularize their tax status and be fully compliant.

Those taxpayers that voluntarily participate in the tax amnesty program may benefit from certain incentives, such as immunity from prosecution and from tax audits, and waivers of penalties and interest charges. Participating taxpayers also may be able to spread payments of the amount of taxes owed over a maximum period of three years (subject to an agreement with the tax authority).


Read a July 2017 report [PDF 194 KB] prepared by the KPMG member firm in Nigeria

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal