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The Quiet Shift In Nigeria’s Tax Landscape Businesses Should Not Ignore

Introduction The Nigeria Tax Act, 2025 (NTA 2025) represents a significant evolution in the country’s fiscal and regulatory framework. Beyond adjustments to tax rates, the Act introduces structural and administrative changes that affect how businesses are

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INTERNAL REVENUE SERVICE (IRS) GUIDELINES FOR TAX TREATMENT ON FOREIGN EXCHANGE TRANSACTIONS IN NIGERIA

INTRODUCTION On July 25, 2024, the Internal Revenue Service (IRS) released new guidelines on the tax treatment of foreign exchange transactions in Nigeria. These guidelines aim to provide clarity on how such transactions should be reported

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