Demystifying Transfer Pricing Regulations (2018) in Nigeria

Explore the intricacies of Transfer Pricing Regulations (2018) in Nigeria with our comprehensive guide.

In this video, we'll explore the intricacies of transfer pricing in related party transactions, shedding light on the important factors that companies should consider before setting prices for transactions between related parties to allocate profits across different tax jurisdictions.

Discover the importance of Transfer Pricing in Nigeria and how it ensures fairness in related-party transactions.

We explore 2 of the key components of the Transfer Pricing Regulations (2018), including the need for Contemporaneous Transfer Pricing Documentation and Transfer Pricing Methods.

We also delved into various transfer pricing methods, including the Comparable Uncontrolled Price (CUP) Method, Resale Price Method, Cost Plus Method, Transactional Net Margin Method (TNMM), and Profit Split Method, highlighting their significance in ensuring fair taxation and compliance with the Transfer Pricing Regulations 2018 in Nigeria.

Whether you're a tax professional, business owner, or simply curious about transfer pricing, join us for an in-depth introduction to Transfer Pricing in Nigeria and understand its impact on taxation and business operations.

Don't forget to like, share, and subscribe to our channel for more insightful content on taxation in Nigeria and beyond.

Stay tuned for our next video, where we'll continue to unravel the mysteries of Nigerian tax law and provide practical guidance for navigating the complexities of the country's tax system.

Speaker:
Olatunji is the founder Taxmobile.Online and Managing Partner/CEO of AOA Professional Services.

Before this, Olatunji worked as Director- Tax and regulatory Services at Nolands Nigeria Professional Services, Senior Manager – Tax, Regulatory and advisory Services at Saffron Professional Services, Tax and Fiscal Reporting Accountant of Schlumberger Nigeria Limited, and as an Audit Trainee in Ernst & Young.

His experience covers the full range of services in internal audit and control, transfer pricing, arbitration, tax advisory and regulatory services, audit support, forensics investigation, and due diligence.

Disclaimer:
The information contained herein is general and is not intended, and should not be taken, as a legal, accounting or tax advice provided. This information remains strictly the opinion of Olatunji Abdulrazaq.

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