Tax Consultancy Services in Nigeria

Taxation in Nigeria is dynamic, influenced by frequent legislative updates, evolving regulatory interpretations, and shifts in enforcement practices by the Federal Inland Revenue Service (FIRS) and various State Internal Revenue Services (SIRS). Whether you are an individual taxpayer, SME, multinational, or nonprofit, understanding your tax obligations and structuring your affairs accordingly is critical to financial and legal sustainability.

At SOW Professional, we offer in-depth, research-driven tax consultancy services in Nigeria, helping clients meet their compliance obligations and make sound tax-related decisions, grounded in Nigerian law and global best practices.

Key Areas of Expertise

1. Tax Compliance and Regulatory Filings

Accurate and timely tax compliance is non-negotiable under Nigerian law. We assist with:

Preparation and filing of returns (CIT, PITA, VAT, WHT, CGT, etc.)
Annual returns for both Federal and State Tax Authorities
Processing of Tax Clearance Certificates (TCCs)
PAYE remittances and schedules for employees
Statutory deadlines under CITA, PITA, and other taxes and stipulated by Finance Act and other relevant tax laws

We keep clients informed of key regulatory timelines and maintain full documentation for audit readiness.

2. Tax Planning and Advisory

Strategic tax planning helps avoid unnecessary tax exposure while remaining compliant. Our advisory includes:

Optimal business structuring (sole proprietorship, partnership, limited liability)
Capital allowance and investment incentives (pioneer status, export expansion grant)
Sector-specific exemptions and incentives under Nigerian law
Cross-border transactions and double tax treaty (DTT) reliefs
Impact of tax reforms introduced under the Finance Acts (2019–2024)

We provide legally grounded advice that supports operational efficiency and risk mitigation.

3. Tax Audits, Investigations, and Dispute Resolution

Tax audits by FIRS and SIRS have become more frequent and data-driven. We provide:

Pre-audit health checks to identify potential exposures
Response to tax audit queries and notices
Liaison and representation throughout the audit process
Filing of objections, appeals, and negotiation of payment plans
Support through Tax Appeal Tribunal (TAT) proceedings and ADR channels

Our experience in dealing with regulatory authorities ensures that your position is clearly and effectively presented.

4. Transfer Pricing and Related-Party Transactions

For companies with related-party dealings, Nigeria’s Transfer Pricing Regulations impose strict documentation and reporting obligations. We assist with:

Preparation of TP documentation and Master/Local files
Economic analysis and benchmarking studies
TP policy design and transaction review
Support during TP audits and controversy resolution

We also help assess when simplified compliance options apply under revised TP rules.

5. Sector-Specific Tax Solutions

Each industry faces unique tax challenges. Our sector-specific insights include:

Oil & Gas: Petroleum Profits Tax (PPT), royalty structures, cost recovery, and licensing fees
Real Estate: Capital gains tax, stamp duties, property tax (Land Use Charge)
Technology & Digital Services: Significant economic presence (SEP) rules, digital VAT
NGOs and Development Projects: Tax exemption applications, withholding tax obligations

We provide insight that bridges sector realities and regulatory expectations.

6. Capacity Building and Internal Support

We also support clients through internal training and documentation development, including:

Staff training on tax processes, compliance, and reporting
Development of internal tax compliance manuals and SOPs
Advisory on tax software integration and automation

Our Professional Commitment

We are bound by the ethical codes and professional conducts as guided by relevant professional and regulatory bodies. Our services are delivered with integrity, confidentiality, and professionalism.

Get in Touch for Informed Tax Guidance

If you require clarity on your tax obligations or need support navigating Nigeria’s tax landscape, we’re available to assist. Our team brings practical experience and technical depth to every engagement.

Website: www.sowprofessional.com

Phone: 07038254989

WhatsApp: 08152451523

7 May 2025
Samuel Omofojoye