CGT: PwC explains how new indirect transfer rules will tax foreign company deals

PricewaterhouseCoopers (PwC) has explained how Nigeria's new indirect transfer rules under the Nigeria Tax Act 2025 will affect foreign company transactions. The rules expand the scope of Capital Gains Tax (CGT) to include indirect transfers of assets in Nigeria, even when there is no direct disposal of shares in a Nigerian company. This means foreign companies may now be subject to tax in Nigeria on certain cross-border deals. PwC noted that the changes aim to align Nigeria's tax regime with international standards and prevent tax avoidance.

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