Legal Briefings

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The Implications of Nigeria becoming a Signatory to both the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting; and the Common Reporting Standard Multilateral Competent Authority Agreement

The Federal Government of Nigeria has taken further steps in pursuance of its objective to curb tax evasion, widen the tax net and improve the tax to Gross Domestic Product (GDP) ratio when on Thursday 17 August 2017, it signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“MLI”) and the Common Reporting Standard Multilateral Competent Authority Agreement (“CRS MCAA”)

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ENABLING ACCESS TO CREDIT IN NIGERIA: AN OVERVIEW OF THE CREDIT REPORTING ACT 2017

The Credit Reporting Act 2017 (the ‘Act’) provides the framework for credit reporting, licensing and regulation of credit bureaux. The Act is in line with the Federal Government’s Economic Growth and Recovery Plan for 2017 – 2020 (the ‘Plan’) released by the office of the President in April 2017. The Plan recognises Nigeria’s need to become a competitive economy by improving the business environment.

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