Selling a subsidiary in Nigeria just got a lot more expensive.
Under the Nigeria Tax Act 2025, the capital gains tax rate for companies has tripled, from 10% to 30%. Add a 15% minimum effective tax rate, controlled foreign corporation rules that can tax profits parked offshore, and a new 4% development levy, and the old restructuring playbook needs a serious rethink.
What does this mean for share sales, group reorganisations and cross border structures? And what should companies do now to protect their cash flow?
Read the full article from The Law Suite to find out.
Prepared by Ifeoma Ben and Emeka Lawrence Okwuokie, with contribution from Abdulazeez Karimat Opeyemi.