Nigeria releases transfer pricing regulations

Tax Insights ()

The Nigerian Tax Authority (Federal Inland Revenue Service, ("FIRS") has issued draft Transfer Pricing Regulations ("TP Regs"). The final version is expected to be published in June 2012. An effective compliance date is yet to be determined; however, a date in 2013 or late 2012 is expected to be announced when the final TP Regs are released in June 2012.