Tax & Business Matters - Nigeria

Expatriates to obtain Nigeria’s National Identity Number (NIN)

Section 16 of the NIMC Act defines registrable persons to include Nigerian citizens, permanent residents and foreigners who are legally resident in the country for a period of 2 years or more. Below are the list of requirements for expatriates to obtain a NIN:

1. International passport
2. Residence permit (CERPAC form / card)
3. Bank Verification Number (BVN)

Read our alert for more information:

Download PwC Immigration Alert_ NIN Registration for Expats_Feb2021

COVID-19 and the Africa Continental Free Trade Area (AfCFTA) - Key Considerations

What role will the Africa Continental Free Trade Area agreement play in delivering Africa's Agenda 2063 - "The Africa We Want"?

And what are the key considerations for individuals and businesses?

#Watch 

Tax Treaties benefit application in Nigeria

"In business as in life, you don't get what you deserve, you get what you negotiate." - Karrass, Chester L. 

PwC's Tax Controversy and Dispute Resolutions (TCDR) Series

Disputes are bound to arise between taxpayers and tax authorities often due to ambiguities or gaps in the tax laws and lack of clarity in tax administration. Your knowledge of the law and understanding of tax authorities' perspectives as well as the position taken by the court in similar circumstances will have impact on the outcome of your dispute. 

The Issue 3 of our TCDR provides an update on recent tax cases from the Tax Appeal Tribunal and the Federal High Court in Nigeria.

Some of the decisions analysed in the publication include:

• Cases relating to the extent of the executive’s power to make or amend tax statutes,

• Applicability of Double Tax Treaty Commentary to the France-Nigeria Double Tax Treaty with respect to income from shipping operations,

• Applicability of Value Added Tax to commercial and residential leases and,

• A precedent setting decision, on the applicability of Withholding Tax to sales in the ordinary course of business. 

Download a copy here.

Nigeria's Finance Act 2020: Insights series and sector analysis

Read our insights series on the Finance Act 2020.

Our analysis covers key changes and implications for the following sectors:

1. Overview and General Implications
2. Non-residents and the Digital Economy
3. Banking Sector and Capital Market
4. Insurance Industry
5. Energy and Utilities Sector
6. Agricultural industry
7. Consumer and Industrial Products Industry
8. Micro, Small and Medium-Sized Enterprises
9. Construction and Real Estate Industry
10. Public Sector
11. Aviation, shipping, and road transportation
12. Implications for individuals and employers of labour

Download a copy here.