Tax Updates: FIRS Loses, as the Federal High Court upholds the Tax Appeal Tribunal judgement and declares Country-By-Country Regulations, 2018 Illegal

May 19, 2025

In a groundbreaking judgment delivered on 5th May 2025, the Federal High Court affirmed the Tax Appeal Tribunal’s (TAT) 2023 decision in FIRS v. Check Point Software Technologies B.V. Nigeria Ltd, ruling in favor of the taxpayer and establishing an important legal precedent for the enforcement of Nigeria’s Country-by-Country Reporting (CbCR) Regulations.

Want the full breakdown? Keep reading for expert insights on what this means for taxpayers, regulators, and Nigeria’s position in global tax transparency.