Nigeria's Federal Inland Revenue Service (FIRS) has issued Information Circular No. 2024/006 of 27 November 2024, which contains Guidelines on Advance Pricing Agreements (APAs). The guidelines cover the types of available APAs, including unilateral APAs, bilateral APAs, and multilateral APAs, the objectives of APAs, persons covered, eligibility, administration, stages of the APA process, etc. Some key points include: The minimum thresholds for an APA application are: the equivalent of USD 10 million for each covered controlled transaction (single transaction) for each year; or the equivalent of USD 50 million in the case of a group of covered controlled transactions (group...