Transfer Pricing and the Regulations in Nigerian Milieu

  • Shafi’u Abubakar Kurfi Department of Accounting, Umaru Mus a Yar‟adua University, Katsina , Nigeria
  • Noraza Mat Udin Tunku Putri Intan Safinaz School of Account ancy, Universiti Utara Malaysia , Malaysia
  • Usman Muhtari Tsohuwar Kasuwa Department of Accounting, Umaru Musa Yar‟adua University, Katsina, Nigeria
Keywords: Nigeria, Transfer Pricing, Regulation s


The main objective of this paper is to provide an overview of the transfer pricing practices and highlight the newly adopted regulations on transfer pricing in Nigeria. Due to the increase numbers of multinational corporations in the country, reports show that the transfer pricing activities by these entities has resulted in economics lost and a large amount of net resources being carried way from the region. These unethical exercises had signal clearly of the serious need to amend the massive leakages of economic resources. Over decades, Nigeria has worked tirelessly to develop its own transfer pricing formulae and finally the Income Tax (Transfer Pricing) Regulations No. 1, 2012 (or known as TP Regulations) has been published on 21 September 2012. Specifically, the TP Regulations in Nigeria served as the mechanisms that the Government through the tax authority can use to combat the misused of transfer pricing practices. This paper also highlights some issues that need to be strengthen and future challenges in implementing the regulations. Some recommendations are also provided at the end of the paper to the tax authority and policy makers to enhance and improve the governance of transfer pricing matters in the country.


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How to Cite
Kurfi, S. A., Udin, N. M., & Kasuwa, U. M. T. (2017). Transfer Pricing and the Regulations in Nigerian Milieu. Indian Journal of Finance and Banking, 1(1), 33-41.
Regular Research Article/ Short Communication Article