Federal Inland Revenue Service To Tax Digital Businesses

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The Federal Inland Revenue Service (FIRS) is seeking to join forces with digital tax experts from across the continent on how to effectively tax digital businesses and operators in the informal sector of the economy.

The Service is currently hosting a three-day conference of the African Tax Administration Forum (AFTA) where experts in digital and informal sector taxation have been assembled to develop a structure in that regard.

 

According to the new Executive Chairman of the FIRS, Mr. Mohammad Nami, who is also the Chairman of AFTA, the large size of global digital economy and its massive profit base has made it peremptory for Nigeria and other African countries to seek innovative ways to bring the sector into the tax net.

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