TEMPLARS Transcripts: Tax Digest | March 2026

This issue spotlights the Lagos State Internal Revenue Service’s Public Notices implementing the Nigeria Tax Act, 2025 and the Nigeria Tax Administration Act, 2025, including the mandatory use of Tax Identification Numbers, scrutiny of artificial and non-arm’s-length arrangements, compulsory disclosure of tax planning arrangements, and administrative penalties for non-compliance.

The direction is clear, tighter documentation, earlier intervention, and firmer enforcement.

We also examine the Nigeria Revenue Service’s phased rollout of the E-Invoicing and Electronic Fiscal System regime alongside the Federal Government’s discontinuance of the Road Infrastructure Tax Credit Scheme.

On the judicial front, the Tax Appeal Tribunal affirmed that unchallenged assessments constitute a liquidated debt recoverable under the Summary Appeal Procedure, reinforcing the consequences of procedural default.

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