In this June 2025 edition of TEMPLARS Tax Transcripts, our Tax Practice shares key updates on judicial decisions, policy changes, and tax administration.

Highlights include the passage of the Tax Reform Bills, a public notice from the Lagos State Internal Revenue Service (LIRS), and the proposed U.S. remittance tax.

We also spotlight Nigeria’s tax revenue gap and the recent ruling on Federal Inland Revenue Service (FIRS) Country-by-Country Reporting (CbCR) Regulations.

If you require any clarification, please contact TEMPLARS Partners, Dipo Komolafe, Igonikon Adekunle, and Sesan Sulaiman.