Nigeria: Tax issues of electricity industry

Nigeria: Tax issues of electricity industry

The electricity industry in Nigeria currently is challenged by several operational, financial, and tax issues.

1000

Related content

The Electric Power Sector Reform Act, 2005 signaled the beginning of a new phase in Nigeria’s electricity industry. A key feature of the reform was the unbundling of the national utility company, Power Holding Company of Nigeria Limited, into 18 “successor companies” made up of six power generating companies, one transmission company, and 11 distribution companies. This was followed by the partial privatization of the industry in November 2013 with the transfer of the majority stakes held by the federal government in the power generating companies and distribution companies to private owners. 

Meetings with the tax authorities have been intended to review some of the peculiar issues faced by the industry and their tax implications. 

 

Read a July 2017 report [PDF 610 KB] prepared by the KPMG member firm in Nigeria

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit

KPMG's new digital platform

KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.