Andersen Nigeria's Podcast

An employer’s tax and other regulatory compliance obligations concerning its workforce or employees are defined by the nature of the relationship or contract with the latter. In practice, some employers have neglected these obligations when the workforce is engaged as contract workers or consultants. Will this be deemed non-compliant considering the common law doctrine of substance over form? What...

This article focuses on the recent transformation of TCN into the NISO and the TSP, the potential opportunities the unbundling presents for enhancing operational efficiency and grid reliability and the key things to consider prior to the conclusion of the transfer. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook

This published article discusses the need effective internal control to ensure business continuity and investment security, ensure the accuracy and reliability of financial reporting, and promote compliance with laws and regulations. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook

As businesses continue to expand their reach and significantly increase their use of technology, the risks must be weighed against the benefits of technology usage. Increased exposure to cyberattacks and data breach incidents necessitate improved measures to combat these issues and mitigate the resulting risks from these incidents.  This public article considers the evolution of the Act, issues ar...

This published article delves into the complexities of the Nigerian power sector, analyzes the implications of the tariff increase, and explores potential pathways to address the sector’s persistent challenges. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook

This published article examines the operations of the Electronic Money Transfer Levy (EMTL) since its commencement in 2020, its contributions to Nigeria’s financial environment, and the overall impact on the Nigerian economy. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook

This published article discusses the recent migration of transfer pricing (TP) filings and Country-by-Country Reporting (CbCR) notification forms from the electronic TP platform (e-TP Plat) to the TaxPro Max platform by the Federal Inland Revenue Service (FIRS) in Nigeria. Taxpayers are granted until 30 June 2024 to complete any outstanding filings on the new platform.  Thanks for listening! Follo...

This published article discusses the key considerations for banks as they gear up to the proposed banking sector recapitalization programme. On 28 March 2024, the Central Bank of Nigeria (CBN) in line with Section 9 of the Banking and Other Financial Institutions Act (BOFIA) of 2020 released a circular on the review of minimum capital requirements for commercial, merchant, and non-interest banks i...

This published article explains the nuances of tax management for high-net worth individuals and families, and also highlights strategies to mitigate risks and ensure compliance with regulatory mandates. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook

This published article discusses the concept of Maximizing Nigeria's Renewable Energy Potentials for Sustainable Growth and Development. As you are aware, Nigeria is currently facing economic difficulties from the ongoing government reforms which has a general increase in the prices of goods and services. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook

This Published article embarks on a comprehensive exploration, unraveling the intricate relationship between corporate governance and financial performance within the unique context of Nigerian Businesses. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook

As part of our annual review of the Nigerian TP space, in this article, we review the major developments in the Nigerian TP space in 2023 and the potential implications for taxpayers in 2024. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook

An important discussion on the International Sustainability Standards and the game-changing dynamics they bring. The question we pose today is: How prepared is your organization for this transformative shift?  Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook

This published article discusses some developments around the Data Privacy in Nigeria and also highlighted relevant obligations for businesses in the coming months.  Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook

This article provides insight into the effects of the economic issues and how they impact family businesses while offering guidelines to navigate the uncertain future and protect the Family's accumulated wealth. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook

This article examines the proposed taxation of foreign exchange transactions in the parallel market and its implications on the economy and taxpayers.  Parallel foreign exchange markets or “black market” as it is popularly called, has been in existence for a while now and has become a common phenomenon in most developing countries.  In Nigeria, the market has grown in to become a major and ready s...

This article discusses the concept of Global Minimum Top-up Tax as a key Tax Transparency Driver for ESG Reporting. The Global Minimum Top-up Tax is an International Tax Reform under the Pillar II Tax mechanism that aims at ensuring a fairer and even distribution of taxable profits across jurisdictions that multinationals operate in. It is also an assessment that qualifying Multinationals would ha...

In recent times, the Intellectual Property space in Nigeria has witnessed a number of developments that are critical to note. In this Article, we have discussed some of these developments and highlighted the impact on creatives, IP rights owners and other stakeholders. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook

This published article focuses on the potential tax implication of some of these policies and the strategies that businesses have adopted in ensuring survival during this very challenging phase. More specifically, it highlights the intricacies of the free-floating exchange rate policy vis-à-vis its current and potential future tax implications, treatments, and compliance matters. Thanks for listen...

This publishes article discusses on how ESG practices are becoming more and more crucial for businesses and organizations. ESG practices can aid companies in lowering risks, enhancing their image, and luring in new clients.  Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook

This published article provides highlights on the Personal Income Tax (PIT) obligations for Non-Resident Employers of Labour in Nigeria as it pertains to their Nigerian employees. Our discussions herein are limited to NREs that do not require any form of business registration in Nigeria. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook

 This published article explores the ways in which technology is transforming businesses and facilitating efficiency in accounting procedures, as well as the benefits it brings to the accounting profession. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook

This published article examines some of the reasons for this third generation “curse” and offered suggested strategies to family businesses on how to beat it.  Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook

In this published article, we explore the nature of the CVFF and how eligible indigenous maritime operators can access finance from the Fund to expand their maritime assets and capabilities. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook

This published article examines the impact of ESG on the growth and productivity of business organisations. Thanks for listening! Follow us on LinkedIn and Twitter or find us on Facebook