Nigeria publishes Regulations on Common Reporting Standard

In September 2019, the Federal Inland Revenue Service (“FIRS”) in Nigeria issued the Income Tax (Common Reporting Standard) Regulations, 2019 (CRS Regulations) (Link). This follows Nigeria’s signing of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAC) and the Multilateral Competent Authority Agreement (MCAA) on the Automatic Exchange of Financial Account Information, signed by Nigeria on 17 August 2017.

For more information, PwC Nigeria prepared a summary in their tax blog (Link). A related PwC Tax Alert from PwC Nigeria is also available online (Link).

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