The Companies Income Tax (Significant Economic Presence) Order, 2020

For a long time, the tax obligations of digital platforms companies owned and operated by non-Nigerians was a moot point. The Finance Act however resolves the contention that profits of digital platform companies are taxable in Nigeria. Section 3(b) of…

By DOA Admin

Nov 20, 2020

Author

For a long time, the tax obligations of digital platforms companies owned and operated by non-Nigerians was a moot point. The Finance Act however resolves the contention that profits of digital platform companies are taxable in Nigeria. Section 3(b) of the Finance Act, 2019 is aimed specifically at resolving the peculiar taxation challenge of the digital economy.

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