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The enactment of the Finance Act 2020 on 13 January 2020 introduced various changes to principal tax legislations in Nigeria, among which are the commencement of a new regime of exposure to Nigerian companies income tax for non-resident companies (“NRCs”) providing digital services and products to persons in Nigeria, and the imposition of Value Added Tax (“VAT”) on intangible supplies.

The objective of this newsletter is to analyse the key provisions of the Finance Act relevant to digital tax, particularly in view of developing international trends, and the implication of these provisions to international companies offering digital services and products to persons in Nigeria.

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