Multinationals operating in Nigeria are not only facing tougher compliance rules under new tax laws, but they are also poised to benefit from several new incentives built into the country’s evolving tax framework.
These changes, quietly embedded in the latest legislation, are designed to level the playing field between foreign and local companies and, in some cases, reduce operational costs.
A senior tax lead at a multinational in Nigeria, who asked not to be named, said the new rules go beyond enforcement and introduce meaningful reliefs
