TEMPLARS Transcripts: Tax Digest | July 2026

In the July 2026 issue of TEMPLARS Tax Transcripts, our Tax Practice examines key developments in tax administration, compliance, and judicial oversight as Nigeria’s new tax regime moves from legislative reform to implementation.

Key updates include the Nigeria Revenue Service’s commencement of enforcement of electronic invoicing for large taxpayers, the implementation of Tax Identification framework, and the International Monetary Fund’s recommendations for further revenue mobilisation through tax reforms.

For judicial developments, the Tax Appeal Tribunal reaffirmed that Best of Judgment assessments must be based on available information and reasonable estimation rather than arbitrary assumptions.

For further information, please contact TEMPLARS Partners, Igonikon Adekunle and Sesan Sulaiman.

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