Nigeria Appoints Non-Resident Companies as Tax Agents and to Impose Turnover Tax on Non-Resident Digital Companies

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.