The International Monetary Fund (IMF) has highlighted that implementing robust anti-tax avoidance measures can significantly boost revenue for emerging economies by curbing profit shifting. In its latest World Economic Outlook, the Fund noted that global tax competition is shifting, as international reforms increasingly link reported corporate profits to actual investment locations. These insights come as Nigeria continues to navigate its own tax reform landscape following the January 2026 enactment of the Nigeria Tax Act. The new law has broadened the tax net to include remote workers, content creators, and crypto investors, placing a higher premium on accurate financial record-keeping for small businesses. Advisories are increasingly deploying artificial intelligence tools to manage the administrative burden of these compliance requirements, helping businesses maintain accurate records to benefit from statutory exemptions and avoid penalties.