International tax solutions in Nigeria
Understanding the complexities of international tax is essential for companies operating globally. In Nigeria, it is important to comprehend and manage cross-border tax responsibilities, which necessitates a thorough awareness of local regulations and international tax treaties. Our strategy aims to assist businesses in confidently navigating these challenges, ensuring compliance while enhancing their international tax strategies. We prioritize precision and strategic insight, allowing companies to fulfill their tax responsibilities efficiently while capitalizing on tax efficiency opportunities across borders.
International tax rate
Nigeria’s international tax framework encompasses various taxes such as corporate income tax, petroleum profits tax, and capital gains tax, with rates spanning from 0% to 85%. Both residents and non-residents are subject to these taxes on income generated within Nigeria or, for residents, on worldwide income. The framework also features multiple exemptions and tax reliefs, especially through double taxation treaties.
Our international tax services
We provide a complete range of international tax services aimed at helping businesses navigate the intricacies of cross-border taxation in Nigeria. Our objective is to guarantee total compliance while improving your global tax strategy, enabling you to concentrate on growing your international activities. Our offerings consist of:
Cross-border tax compliance
We provide cross-border tax compliance services that guarantee your international tax submissions are correct and submitted on time, in line with tax laws in Nigeria and other countries. We assist you in navigating the process of meeting reporting obligations, documentation requirements, and filing timelines across various jurisdictions. This service minimizes the chances of penalties and ensures your business remains compliant with international tax rules.
Transfer pricing advisory
We offer specialized Transfer Pricing Advisory services to assist your business in formulating and recording pricing strategies for transactions between affiliated entities across various countries. Our team aids in creating transfer pricing policies that adhere to Nigerian regulations and OECD guidelines, reducing the likelihood of disputes and penalties. Additionally, we carry out benchmarking studies and prepare transfer pricing documentation to back your pricing arrangements, ensuring compliance with local and international standards.
International tax planning
Our international tax planning services aim to create strategies that enhance your global tax situation. We collaborate closely with you to pinpoint and utilize tax treaties, credits, deductions, and exemptions that can lessen your total tax liability. Additionally, we offer advice on organizing your international activities to reduce the risks associated with permanent establishment and other international tax issues, making sure that your global tax strategy is in line with your overall business goals.
Tax treaty analysis and optimization
Our services include specialized analysis and optimization regarding tax treaties, enabling you to maximize the benefits of Nigeria’s double taxation agreements (DTAs). Our team examines the relevant treaties to uncover opportunities for minimizing withholding taxes, preventing double taxation, and taking advantage of treaty benefits. This service is especially important for businesses involved in international investments, financing, and supply chain operations.
Foreign tax credit management
Our services for managing foreign tax credits help businesses make the most of these credits to prevent double taxation on income generated overseas. We offer advice on how to claim credits for taxes paid in different regions, ensuring your business takes full advantage of these credits while staying compliant with Nigeria’s tax regulations. This approach helps lower your total global tax burden and enhances your cash flow.
International tax system
Grasping the intricacies of the international tax system in connection with Nigeria is crucial for companies that operate internationally. Our knowledge equips you with an in-depth understanding of the regulations surrounding international taxation, as well as the implications of worldwide tax reforms like the OECD’s BEPS initiatives. We assist you in managing the difficulties of global tax compliance and offer strategic guidance to improve your international tax effectiveness.
Contact us
For further information about our international tax services or to talk about how we can help your business navigate cross-border tax issues, feel free to contact us.
Disclaimer
Tax laws and regulations are frequently updated and can differ depending on personal situations. The information presented here is intended for general guidance and might not represent the latest developments. It is strongly advised to seek the assistance of a qualified tax professional for specific advice that is accurate and current for your circumstances.