FIRS to impose VAT on online transactions, says Fowler

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FIRS says it hopes to generate between N750 billion and N1 trillion from the clampdown on those who failed to embrace the government's amnesty.

The Federal Inland Revenue Service says it will soon begin collection of Value Added Tax on online transactions.

He explained that the move was part of measures by FIRS to meet its N8 trillion revenue target for 2019. “We are going after everybody. I am sure you have heard that we have placed lien on some accounts of defaulters that have a billion naira turnover annually.Officially known as the Voluntary Asset and Income Declaration Scheme, the tax amnesty programme was launched in 2017.There have been complaints by some taxpayers of being wrongly targeted by FIRS in the clampdown.

 

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The one we have being paying nko

So this man is not aware that we have been paying VAT for online transactions? This country is a joke

Stupid people they can’t help poor Nigerian only to more misery to their life .

Tax is a compulsory levy

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