N600bn VAT from foreign digital service providers rivals CIT, strengthens Nigeria’s Non-Oil Revenue

Tribune Online
N600bn VAT from foreign digital service providers rivals CIT, strengthens Nigeria’s Non-Oil Revenue

Nigeria’s Federal Inland Revenue Service (FIRS) has announced a major breakthrough in tax administration, reporting that it collected more than N600 billion in Value Added Tax (VAT) from foreign digital service providers such as Facebook, Amazon, and Netflix. The milestone underscores the growing importance of digital taxation in Africa’s largest economy and signals the government’s […]

N600bn VAT from foreign digital service providers rivals CIT, strengthens Nigeria’s Non-Oil Revenue
Tribune Online