Nigeria embraced the Country-by-Country Multilateral Competent Authority Agreement (CbC MCAA) on January 27, 2016, paving the way for the introduction of the Income Tax (Country-By-Country Reporting) Regulations in 2018. This regulatory framework serves as a crucial administrative tool for Country-By-Country (CBC) reporting in Nigeria, aligning with the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13. Key Points: Understanding and compliance with these regulations are crucial for MNEs operating in Nigeria, ensuring transparency and adherence to international standards. For professional advice on Accountancy, Transfer Pricing, Tax, Assurance, Outsourcing, online accounting support, Company Registration, and CAC matters, please contact Sunmola David & CO (Chartered Accountants & Tax Practitioners) at Lagos, Ogun state Nigeria offices, www.sunmoladavid.com. You can also reach us via WhatsApp at +2348038460036.