DCSL Digest 7th Publication

As Nigeria continues to experience the influx of multinational companies setting up branch offices or operating subsidiaries and the globalization of trade, the need for an effective regime that would ensure the maximization of benefits of business operations in Nigeria and prevent tax avoidance became apparent. Transfer pricing is the general term for the pricing of cross-border, intra-company transactions between related parties. Transfer pricing (TP) is a tool employed by the Government to ensure that prices of intra-company transactions are set at the right prices to avoid mis-pricing and potential loss of tax revenue.

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