Tax Acts 2025 Transition Guidelines: Key Commercial Insights for Businesses

In this Client Alert, we examine the practical implications of the Guidelines for businesses navigating the transition to the new tax regime. The publication considers the treatment of accounting periods, transaction taxes, ongoing contracts, tax incentives, disputes, and compliance obligations, highlighting how the applicable legal framework will be determined during the transitional period.

The authors also outline key commercial considerations for businesses, including the need to reassess existing contracts, tax positions, compliance processes, and reporting obligations to mitigate implementation risks and ensure a seamless transition under the Tax Acts 2025.

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