On 27 September 2019, Federal Inland Revenue Service (FIRS) described the way of how to submit transfer pricing (TP) returns through the electronic platform, when it is active. Now, the FIRS is get ready to automate the process of filing TP returns. The e-filing platform for TP returns submission would begin in 2020. Taxpayers will be able to complete and submit the transfer pricing declaration, transfer pricing disclosure form, CbC notification form and CbC reports via electronic platform when it becomes active. Note that, taxpayers may also still have the ability to file hardcopy of their returns and CbC reports at the appropriate tax offices.
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