Nigeria To Begin Taxing Non-Resident Companies like Twitter, Netflix Next Year
The Federal Inland Revenue Service (FIRS) will begin taxing companies like Twitter, Netflix and other companies that derive income in Nigeria even though they may not be physically present in Nigeria: "He said all non-resident persons and organisations operating in the country will be subject to the authority of the non-resident persons’ tax offices scheduled to become operational by January 2020."
The tax offices established by the Federal Inland Revenue Service (FIRS) for the administration of taxes for non-resident taxpayers will become operational by January 2020.
The Executive Chairman of the FIRS, Tunde Fowler, disclosed this on Sunday in an official public notice on the designated non-resident persons tax office (NRPTO).
A non-resident taxpayer refers to a foreign company as defined in the Companies Income Tax Act (Cap C2, LFN 2004 as amended).
It also refers to an individual resident outside Nigeria but derives income or profit from Nigeria, as defined in the Personal Income Tax Act (Cap P8, LFN 2004as amended).