On 31 December 2021, President Muhammadu Buhari signed the Finance Bill 2021 (now Finance Act 2021) into law. The Act introduces significant changes to a number of tax and regulatory laws in Nigeria, including:

• The Federal Inland Revenue Service (FIRS) intends to appoint non-resident digital service companies as tax agents of the FIRS to facilitate VAT collection on cross border digital transactions; and
• Applying turnover tax on the incomes of non-resident digital companies.

This newsletter discusses these major provisions that will impact the provision of services in Nigeria by non-resident digital companies.

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