Foreign companies that consider withholding tax their final obligation in Nigeria are facing a new challenge, which is mandatory registration. Under the Nigeria Tax Administration Act 2025, local firms now risk a N5 million penalty for contracting unregistered entities, putting pressure on cross-bor
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
Chioma Nwangwu
Chioma Nwangwu is a Tax Reporter at BusinessDay, covering Nigeria’s tax policies, regulatory reforms, and compliance trends. She reports on how evolving tax rules impact businesses, investors, and the economy, translating complex fiscal regulations into clear, actionable insights.
