FIRS To Tax Digital Transactions In Nigeria – SGF Mustapha

The Nigerian Secretary to the Government of the Federation (SGF), Boss Mustapha, has disclosed that President Muhammadu Buhari, has ordered the deployment of technology to tax digital transactions being carried out in the country. ayokinews.com reports

Mustapha noted that the president has already given direction to the Federal Inland Revenue Service (FIRS) to begin the taxation of all digital transactions within Nigeria.

Speaking at the 17th General Assembly and 10th anniversary of the West Africa Tax Administration Forum (WATAF) in Abuja on Tuesday, the SGF stated that the power to carry out the taxation was granted by the president with the full backing of the Federal Executive Council (FEC).

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“Nigeria is putting in place measures to ensure that we keep up to date with these developments and answer the question of what to collect and how to collect it, as far as the digital economy is concerned.

“Therefore, our definition of what to collect- whether we call it income tax, Digital Service Tax or Value Added Tax, must address the issue of redefining who a taxable person or entity is, to accommodate the fact that digital transactions side-track the ordinary and traditional understanding of jurisdiction”, he said.

https://edition.cnn.com/2021/09/21/asia/covid-zero-asia-vietnam-thailand-malaysia-intl-hnk/index.html

 

About Amadu Victor Oluwadamilare 401 Articles
Amadu Victor Oluwadamilare is the CEO/Founder of Ayoki News Media, an international informative media platform, aimed at dispensing good and reliable source of information.

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