Nigeria: Finance Bill 2019 was adopted by Senate including significant economic presence concept
Description
Finance 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…
Scope
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
legislature
Government Body
parliament
Complete timeline of this policy change
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2019-11-28
under deliberation
2019-12-11
adopted