Buhari Has Ordered FIRS To Tax Digital Transactions, Says SGF

Buhari Has Ordered FIRS To Tax Digital Transactions, Says SGF
Boss Mustapha.

Secretary to the Government of the Federation (SGF) Boss Mustapha has revealed that President Muhammadu Buhari has ordered the deployment of technology to tax digital transactions carried out across the country.

He stated that the president directed the Federal Inland Revenue Service (FIRS) to ensure that digital transactions are taxed.

He spoke on Tuesday at the 17th general assembly and 10th anniversary of the West Africa Tax Administration Forum (WATAF) in Abuja.

Also Read: VAT Collection: FIRS’ Move To Amend Constitution Dead On Arrival, Says Akeredolu

The SGF stated tgat FIRS had been empowered to carry out the mandate by the president and the federal executive council (FRC).

“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,” he said.

“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.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here