Investment Policy Monitor
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the Investment Policy Monitors and the UNCTAD-OECD Reports on G20 Measures.
In 2024, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2012 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for sustainable development.
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The UNCTAD's Investment Policy Monitor database include official measures affecting FDI adopted by United Nations Member States. These encompass measures explicitly targeting FDI (FDI-specific), as well as general investment measures with a clear impact on foreign investment (FDI-related). The measures are either reported directly to UNCTAD by Member States through annual surveys or identified by UNCTAD researchers through publicly accessible sources (such as government websites and specialized policy databases). The classification of measures as more or less favourable is based solely on their potential impact on investors.
Note: Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
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- Nigeria - Introduces new taxes on non-resident companies in digital and professional services
Nigeria
Introduces new taxes on non-resident companies in digital and professional services
31 Dec 2021The Finance Act 2021 was signed into law on 31 December 2021, amending different tax and fiscal legislation. Section 13 of the Company Income Tax Act (CITA) has been amended to incorporate the taxation of non-resident companies carrying on business in Nigeria previously covered in the Companies Income Tax Order, 2020. It subjects companies engaged in digital services and the provision of technical, management, consultancy or professional services to income tax. Also, the capital allowance to be claimed in any year of assessment will be limited to the amount relating to the qualifying capital expenditure employed in generating the assessable profits of that year of assessment. If the qualifying capital expenditure is in respect of an asset that was partially utilized to generate taxable income, such asset will qualify for prorated capital allowance, provided that the proportion of non-taxable income is greater than 20% of the total income of the company.
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Type:
- Treatment and operation (Corporate taxation)
- Promotion and facilitation (Investment incentives)
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Industry:
- Services (Telecommunications)
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Sources:
- Mondaq, Nigeria: Finance Act 2021: Highlight Of Changes To Various Tax And Fiscal Legislations (Part 1) , https://www.mondaq.com/nigeria/tax-authorities/1151242/finance-act-2021-highlight-of-changes-to-various-tax-and-fiscal-legislations-part-1, 18 Jan 2022
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the Investment Policy Monitors and the UNCTAD-OECD Reports on G20 Measures.
In 2024, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2012 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for sustainable development.
-
The UNCTAD's Investment Policy Monitor database include official measures affecting FDI adopted by United Nations Member States. These encompass measures explicitly targeting FDI (FDI-specific), as well as general investment measures with a clear impact on foreign investment (FDI-related). The measures are either reported directly to UNCTAD by Member States through annual surveys or identified by UNCTAD researchers through publicly accessible sources (such as government websites and specialized policy databases). The classification of measures as more or less favourable is based solely on their potential impact on investors.
Note: Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
Share
![Twitter](/Content/images/tw-soc.png)
![Facebook](/Content/images/fb-soc.png)
![E-mail](/Content/images/mail-soc.png)
![Share](/Content/images/share-soc.png)
![Print](/Content/images/print-soc.png)
Latest publications
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