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Nigeria Chapter IOR Members Only1Nigeria ChapterBank Verification Number BVN Enabling the tracking and reporting of fraudsters in the Nigerian Banking IndustryKnowledge Sharing Session October 2016
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Nigeria - chapter refers to the Country-by-Country Reporting (CbCR) requirement in Nigeria. It is part of the tax regulations that multinational companies need to comply with in Nigeria.
Multinational companies with a consolidated group revenue of over 160 million Naira are required to file Nigeria - chapter.
Nigeria - chapter can be filled out electronically through the Federal Inland Revenue Service (FIRS) portal. The company needs to provide information on their revenue, profits, taxes paid, and other financial data.
The purpose of Nigeria - chapter is to provide tax authorities with information on the global allocation of income, taxes paid, and economic activity of multinational companies operating in Nigeria.
The information reported on Nigeria - chapter includes revenue, profits, taxes paid, employees, assets, and activities of the multinational company in Nigeria.
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