ICANTaxationFinance Act Amendments2023

The significant economic presence rule brings into the Nigerian tax net:

ASmall Nigerian companies
BNon-resident companies deriving income from digital and technical services in Nigeria without a physical presenceCORRECT
CNigerian companies with foreign subsidiaries
DCharitable organisations
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
The Finance Act introduced significant economic presence so that non-resident companies earning from digital, technical, professional, management or consultancy services in Nigeria are taxable even without a fixed base, subject to the prescribed turnover threshold.
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