Nigeria: Significant Economic Presence Order for direct taxation of non-resident entities (SEP Order)
Progress
Current status
adopted
03 Feb 2020 adopted
Scope
Implementers
Nigeria
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
cross-cutting
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Significant Economic Presence Order for direct taxation of non-resident entities (SEP Order) was adopted by Minister of Finance
On 3 February 2020, the Nigerian Minister of Finance adopted the Companies Income Tax (Significant Economic Presence) Order 2020 under the authority of the Finance Act 2019. The Order establishes criteria for determining when non-resident entities h…
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
central government