The new provisions now capture indirect transfers of Nigerian assets made through offshore share sales; a move that compels international investors to urgently reassess their holding company (HoldCo) structures and cross-border tax exposure.
Closing the indirect transfer loophole
Until now, foreign investors could avoid paying capi
Nigeria’s newly consolidated Tax Act (NTA) has introduced sweeping reforms that close long-standing offshore tax loopholes and significantly expand the country’s Capital Gains Tax (CGT) net.
The new provisions now capture indirect transfers of Nigerian assets made through offshore share sales; a move that compels international investors to urgently reassess their holding company (HoldCo) structures and cross-border tax exposure.
Closing the indirect transfer loophole
Until now, foreign investors could avoid paying capi