The Tax Effect of a Specific Transaction on Free Trade Zones

The NEPZ Authority (NEPZA) is vested with general responsibility for administering and managing all Free Zones within the country and prescribing regulations governing activities within each Zone. The NEPZA is also empowered to establish zonal administrations, which will have responsibility for managing each Free Zone.
The recently signed Memorandum of Understanding (MoU) on the effective administration of the free trade zones tax system has been modified, as agreed upon by the Federal Inland Revenue Service (FIRS) and Nigerian Export Processing Zones Authority (NEPZA).