Nigeria has generated over ₦600 billion in Value Added Tax (VAT) from international digital service providers such as Facebook, Amazon, and Netflix.…….CONTINUE FULL READING>>>>>
This milestone follows key amendments to the VAT Act aimed at bringing digital service providers into the tax net. Government officials emphasized that President Tinubu’s tax reforms did not introduce new taxes, but rather:
✅ Protect low-income earners
✅ Reduce the burden on small and medium enterprises (SMEs)
✅ Promote fairness and equity in Nigeria’s tax system…….CONTINUE FULL READING>>>>>
