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Nigerian Tax Appeals Tribunal Holds CbC Reporting Regulations Unconstitutional

|Approved Changes|Nigeria
Nigeria

According to recent reports, the Tax Appeal Tribunal in Lagos, Nigeria has issued a decision regarding the constitutionality of the Income Tax (Country-by-Country Reporting) Regulations 2018. The case concerned a Nigerian company that was issued notices of administrative penalties by the Federal Inland Revenue Service (FIRS) for failing to file CbC notifications for 2019 and 2020 as required by…