Investor Presentaiton

CITA cont'd • Amendment to Section 30 of CITA on turnover basis of assessment The amendment allows the Service to apply the turnover basis of assessment on non-resident digital companies that falls under the Significant Economic Presence rule By the amendment, the Service can tax companies that fall under the SEP rule using a fair and reasonable percentage of their turnover • This aligns the taxation of Nigerian companies and non-resident companies with physical presence in Nigeria with non-resident digital companies under the SEP rule This provides level playing field for Nigerian companies and non- resident companies providing transactions through digital means FEDERAL FIRS INI EVENUE

View entire presentation