The Nigerian Federal Inland Revenue Service has published an updated transfer pricing FAQ on its transfer pricing page, as well as updated declaration and disclosure forms and guidelines for 2016 (to be filed in 2017). Nigeria's transfer pricing rules require taxpayers with controlled transactions to annually submit the disclosure form along with their annual tax return (generally within 6 months of financial year end), while the declaration form is generally only required with the first annual tax return and when there are any significant changes. Contemporaneous transfer pricing documentation is to be prepared at the time controlled transactions are executed...