copy the linklink copied!Nigeria
Nigeria has met all aspects of the terms of reference (OECD, 2017[3]) (ToR) for the calendar year 2018 (year in review).
In the prior year report, Nigeria did not receive any recommendations.
Nigeria does not issue any type of ruling within the scope of the transparency framework. Nigeria issues rulings on the tax consequences of a transaction which are binding for the tax authorities. However, the rulings issued by Nigeria do not relate to any of the categories of rulings in the scope of the Action 5 Report (OECD, 2015[5]). In the event that Nigeria puts in place the administrative process to issue rulings within the scope of the transparency framework, Nigeria notes that it would implement the transparency framework obligations.
As no exchanges were required to take place, no peer input was received in respect of the exchanges of information on rulings received from Nigeria.
copy the linklink copied!Introduction
This peer review covers Nigeria’s implementation of the BEPS Action 5 transparency framework for the year 2018. The report has four parts, each relating to a key part of the ToR. Each part is discussed in turn. A summary of recommendations is included at the end of this report.
copy the linklink copied!A. The information gathering process
As no rulings are issued, this section is not assessed.
copy the linklink copied!B. The exchange of information
As no rulings are issued, this section is not assessed.
copy the linklink copied!C. Statistics (ToR IV)
As no rulings are issued, no statistics can be reported.
copy the linklink copied!D. Matters related to intellectual property regimes (ToR I.4.1.3)
Nigeria does not offer an intellectual property regime for which transparency requirements under the Action 5 Report (OECD, 2015[5]) were imposed.
Metadata, Legal and Rights
https://doi.org/10.1787/7cc5b1a2-en
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