Nigeria Joins Global Community To Push For Tax Transparency
Channel: Plus TV Africa
Date: 25/10/2019

In the last few years, at least, after the global recession, the international tax space has been very strategic in its drive to achieve increased transparency in the tax practices of Multinational Enterprises (MNEs) and individuals.

This brought about the Base Erosion and Profit Shifting (BEPS) project by the Organisation for Economic Co-operation and Developments. This move is expected to curb tax avoidance and evasion and encourage transparency via increased disclosure of sensitive information by MNEs and individuals. 

Nigeria has signed up to the Multilateral Competent Authority Agreements on the Automatic Exchange of Country-by-Country Reports and Automatic Exchange of Financial Account Information. This simply means it’s no longer business as usual for taxpayers. 

Irene Ubani spoke with Emmanuel Onasami, Manager Transfer Pricing Services at ANDERSEN TAX.
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