The Resource Taxing the income of digital non-resident companies under the "Significant Economic Presence" (SEP) rules In Nigeria
Taxing the income of digital non-resident companies under the "Significant Economic Presence" (SEP) rules In Nigeria
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The item Taxing the income of digital non-resident companies under the "Significant Economic Presence" (SEP) rules In Nigeria represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.This item is available to borrow from 1 library branch.
Resource Information
The item Taxing the income of digital non-resident companies under the "Significant Economic Presence" (SEP) rules In Nigeria represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.
This item is available to borrow from 1 library branch.
- Summary
- In January 2020, Nigeria amended its corporate tax rules to introduce the significant economic presence (SEP) as an additional basis for taxing digital non-resident companies (NRCs) with Nigerian sourced income. This amendment follows attempts at reforming international tax rules by the United Nations (UN), European Union (EU), and G20 / Organization for Economic Cooperation and Development (OECD). The G20/OECD's Action 1 of the Base Erosion and Profit Shifting (BEPS) Project and the Inclusive Framework for BEPS seek to provide policy suggestions for aligning the place of taxation with that of value creation. This article examines the scope of the SEP and its suitability, workability, and sustainability for taxing digital NRCs in Nigeria, review judicial decisions on taxation of digital NRCs, and analyse the enforcement challenges of the SEP in the context of Nigeria's digital and wider economy
- Language
- eng
- Label
- Taxing the income of digital non-resident companies under the "Significant Economic Presence" (SEP) rules In Nigeria
- Title
- Taxing the income of digital non-resident companies under the "Significant Economic Presence" (SEP) rules In Nigeria
- Language
- eng
- Summary
- In January 2020, Nigeria amended its corporate tax rules to introduce the significant economic presence (SEP) as an additional basis for taxing digital non-resident companies (NRCs) with Nigerian sourced income. This amendment follows attempts at reforming international tax rules by the United Nations (UN), European Union (EU), and G20 / Organization for Economic Cooperation and Development (OECD). The G20/OECD's Action 1 of the Base Erosion and Profit Shifting (BEPS) Project and the Inclusive Framework for BEPS seek to provide policy suggestions for aligning the place of taxation with that of value creation. This article examines the scope of the SEP and its suitability, workability, and sustainability for taxing digital NRCs in Nigeria, review judicial decisions on taxation of digital NRCs, and analyse the enforcement challenges of the SEP in the context of Nigeria's digital and wider economy
- Citation source
- In: Intertax. - Alphen aan den Rijn. - Vol. 49 (2021), no. 5 ; p. 447-463
- http://library.link/vocab/creatorName
- Obayemi, O
- Geographic coverage
- Africa
- Language note
- English
- http://library.link/vocab/subjectName
-
- non-resident company
- significant economic presence
- digital economy
- source of income
- value creation
- PE
- allocation of taxing rights
- BEPS Project (OECD)
- case law
- enforcement
- Label
- Taxing the income of digital non-resident companies under the "Significant Economic Presence" (SEP) rules In Nigeria
- Label
- Taxing the income of digital non-resident companies under the "Significant Economic Presence" (SEP) rules In Nigeria
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/Taxing-the-income-of-digital-non-resident/6vOk9m5z_Q8/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/Taxing-the-income-of-digital-non-resident/6vOk9m5z_Q8/">Taxing the income of digital non-resident companies under the "Significant Economic Presence" (SEP) rules In Nigeria</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="https://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
