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Seun Adu Profile picture
Seun Adu
@itsSeunAdu
Partner Tax and Transfer Pricing @PwC_Nigeria #TransferPricing #BEPS
Aug 28, 2018 • 12 tweets • 7 min read
Breaking:@firsNigeria has published #Nigeria’s revised #TransferPricing Regulations (NTPR). The #NTPR is effective for basis periods commencing after 12 March 2018 and incorporates #BEPS outcomes and suggestions from @ATAFtax. The #NTPR includes significant penalties for non-compliance (a) failure to file TP declaration = ₦10million + ₦10k/month (b) failure to file updated TP declaration/notification = ₦25k/day.