Nigeria: Migration of electronic platform for filing transfer pricing returns and country-by-country notifications
Taxpayers have until 30 June 2024 to fulfill all pending filing obligations relating to filings on TaxPro-Max.
Transfer pricing returns and country-by-country notifications
The Federal Inland Revenue Service (FIRS) issued a notice that the electronic platform for filing transfer pricing returns and country-by-country (CbC) reporting notifications will be migrated from E-TPPLAT to TaxPro-Max (TPM).
The notice grants both existing and prospective taxpayers until 30 June 2024 to fulfill all pending filing obligations relating to such filings on TPM.
KPMG observation
The E-TPPLAT portal was launched by the FIRS in March 2020 to enable seamless, electronic filing of annual transfer pricing and CbC returns. The TPM platform was subsequently introduced by FIRS in June 2021 for taxpayers’ electronic filing of Naira-denominated direct and indirect tax returns. Consequently, up until now, taxpayers were required to register on both the TPM and E-TPPLAT platforms to discharge all of their tax obligations.
Read a February 2024 report prepared by the KPMG member firm in Nigeria
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.