Nigeria: Significant Economic Presence concept in Finance Act
Progress
Scope
Timeline of events
Finance Act 2019 including significant economic presence concept entered into force
On 13 January 2020, The President signed the Finance Bill 2019 into law, and it entered into force. The Act introduces the concept of Significant Economic Presence (SEP) in Nigeria, ensuring that non-resident companies with a substantial economic fo…
SourceFinance Bill 2019 was adopted by Senate including significant economic presence concept
On 11 December 2019, the Senate passed the Finance Bill 2019 and sent it to the President for assent. The Bill introduces the concept of Significant Economic Presence (SEP) in Nigeria, ensuring that non-resident companies with a substantial economic…
SourceFinance Act 2019 was passed to Senate including significant economic presence concept
On 28 November 2019, the House of Representatives passed the Finance Bill 2019 to the Senate. The Bill introduces the concept of Significant Economic Presence (SEP) in Nigeria, ensuring that non-resident companies with a substantial economic footpri…
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