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Nigeria issues Guidelines on Advance Pricing Agreements

|Tax Alerts, National/Federal Taxation, T ...|Nigeria
Nigeria

  • Nigeria has introduced Guidelines on Advance Pricing Agreements (APAs).
  • The guidelines activate the APA provisions contained in the Income Tax (Transfer Pricing) Regulations 2018 and shall take effect from 1 January 2025.
  • Taxpayers engaged in intercompany transactions that meet the required threshold annually can apply.
  • APAs have a maximum duration of three years and may be renewed upon expiration.
  • Th…

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