President Muhammadu Buhari has ordered the deployment of technology to tax digital transactions carried out across the country.

Boss Mustapha, the secretary to the government of the federation (SGF), said 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.

The SGF said 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.”

Also speaking, Mohammed Nami, the FIRS chairman, said tax regulators and industry stakeholders must rise to the challenge of taxing transactions carried out digitally.

“When you speak of taxing the digital economy, you are talking about an economy without physical borders, trade and commerce that transcends our natural geographical delineations,” he said.

“In terms of tax administration, the only way that this can possibly be done with any accuracy and effectiveness is if it is done digitally, since the commercial activity itself is also done digitally.

“Tax regulators and other industry stakeholders must therefore rise up to the challenge of being in a position to tap into the stream of opportunity that advancements in science and technology afford us.”

:
https://www.thecable.ng/buhari-has-ordered-firs-to-tax-digital-transactions-says-sgf

Whenever this mannequin jets out of the country a landmark decision most times unpopular against the masses must be shunned out by his subordinates often making me think who really is d Presidency. If not that insensitivity and sheer wickedness run in d DNA of Buhari"s APC, this govt would have tarried a little for d supreme Court final adjudication on d Tax litigations esp d VAT issues from several States like Rivers, Lagos etc to avoid this rush rush that simply have d tendency for multiple taxation. Question begging for answers are what are those digital transactions that are not already being taxed. A govt against digital/electronic transmission of election results is here talking about taxation on digital transactions a development that could roll back all gains made with cashless policy and with d soon coming e-Naira wallet policy only God knows how we survive this torturous regime

Evil people

All of them Criminals

The final insult....

[img]https://c./Zwpq4Ae4B7YAAAAd/irs-tax-time.gif[/img]

na so una wan introduce e naira?

A.nother

P.athetic

C.onspiracy

Tax digital transaction based on what ? Transactions are not profits that should be taxed ..so after paying govt tax on my income Buhari still wants to tax what's left when I trnsafer it digitally ....shebi you people can see this man is the devil !!!!!!.till date the wicked devil has not told Nigerians what he has done with the bank transaction stamp duty he has been collecting for over 6 years

One day this useless gvt will tax men for sleeping with their wifes

Tax every taxable

Katcall:
President Muhammadu Buhari has ordered the deployment of technology to tax digital transactions carried out across the country.

Boss Mustapha, the secretary to the government of the federation (SGF), said 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.

The SGF said 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.”

Also speaking, Mohammed Nami, the FIRS chairman, said tax regulators and industry stakeholders must rise to the challenge of taxing transactions carried out digitally.

“When you speak of taxing the digital economy, you are talking about an economy without physical borders, trade and commerce that transcends our natural geographical delineations,” he said.

“In terms of tax administration, the only way that this can possibly be done with any accuracy and effectiveness is if it is done digitally, since the commercial activity itself is also done digitally.

“Tax regulators and other industry stakeholders must therefore rise up to the challenge of being in a position to tap into the stream of opportunity that advancements in science and technology afford us.”


https://www.thecable.ng/buhari-has-ordered-firs-to-tax-digital-transactions-says-sgf

Bubuu understand wetin be digital transactions

When a president is suffering from intense mental condition, these are the endless useless decisions to expect!

Painful death awaits this man. This man has no futuristic plan for the country, no mid term and long term planning towards tech development. The soon to die geriatric is about to kill start ups that have been striving hard for far too long without government interventions.

Yobabad:
One day this useless gvt will tax men for sleeping with their wifes

Lol

lol

What a wicked country frustrating her citizens everyday

When you are not creative about how to generate income, you tax even the simplest thing.

Hopefully we won't be tax for crossing the road.

Money must be made from Nigerians trying to survive.2023 please do quick and come! Make we all shine our eyes to elect the next president

All this plenty tax no they vex me, na the fact say some eediots and pigs go loot the bar.

.

All dey know is to take take take and take from the people.....

This buhari govt sef. Can't they think inwards? All they know is to tax everything they come in contact with.

Nigeria is broke

So after taxing from basic salary if one is a government worker this clueless regime will still want to tax a non-profit making e-transaction? Is this how the financial crunch is biting this rudderless govt now?

This government should come and take my blood. I have been taxes and everything I have collected.

Come and take my blood and be done with it

That will amount to double taxation.

Wahala for Nigerians
Who no sabi use crypto

Hmmmmmm. This is not the best time for this government to be talking about demanding more tax payments from her citizens. This is a precarious moments for most families that ordinary eating is just by the grace of God due to the high cost of normal basic things
Chai! Nigeria had never really had it right with logical thinking leaders.

ggggg

By 2023, Bubu would remix Bella Shmurder Cash out... this I have seen

because I wonder with all the amount they've been borrowing,
we have not seen with our eyes what have been done with the Millions of Abacha loot returned. it's all being re-looted, yet they're looking for every avenue to tax more and more...

Moghalu Kingsley said our economy is a one way pony.

Nigeria is Africa's largest market yet the only thing we're selling is the rapidly declining crude.

all we do is buying.

ogododo:


Bubuu understand wetin be digital transactions

Dem fit use that man's name do anything in 9ja.

They'll soon start to de tax the air we breathe sef.

Let's just brace up, to vote in intelligent individuals come 2023. Nothing more to say, hope BMC and all their urchins are not being affected by this�