Calculating numbers for income tax return with glasses pen and calculator

Transfer Pricing Awareness Survey

There have been significant developments in the international tax and transfer pricing space since the publication of the Transfer Pricing (TP) Regulations in Nigeria.

In 2017, we conducted our first Transfer Pricing survey to gauge taxpayers’ awareness of TP compliance requirements, TP risk assessment and audit preparedness. This year, we are pleased to present the findings from the second edition of our survey. For this edition of the survey, we had 56 respondents, representing the major industry sectors.

Based on the feedback provided by the respondents, the level of awareness of the TP compliance requirements appears to have improved over the past year. Also, in light of the outcomes of the Base Erosion and Profit Shifting (BEPS) project and the increased experience of the Nigeria tax authorities with respect to TP, taxpayers are doing more to appropriately plan and manage their related party transactions. This is to avoid material additional tax liabilities in the event of a TP audit.

 Please download the survey here

About Femi Oke

Relentless passion for creativity and digital acumen to help a professional services firm thrive in the digital space. Femi is an individual with a rich experience on regional African knowledge, its diverse business culture and he understands the continent’s economic drive. He thrives on selfless service and lasting mutually beneficial relationships with colleagues and especially clients encountered in the course of his duties. He is creative, practical and self-motivated with business judgement in corporate, brand and strategic communications, social, digital & traditional media and executive profiling. Roles in the firm include New Media, Digital Communication, Corporate Communication, executive profiling and Brand Management execution. Working on the multi-million dollar Africa high growth market project stands out for femi; besides this, managing all KPMG’s digital communication for the World Economic Forum on Africa is another project that gives him great delight. Femi holds a Masters Degree in Global Marketing from the University of Liverpool.


No comments yet.

Leave a Reply

Twitter Linkedin Facebook YouTube RSS