Oyedele, Head of Tax and Corporate Advisory Services, PricewaterhouseCoopers , West Africa, gave the advice in an interview with the News Agency of Nigeria on Monday in Lagos.
“For instance, the country loses lot of revenue from the importation of a lawyer from Ghana who pays nothing for services rendered in Nigeria because he pays no VAT for such services whereas his Nigerian counterpart does. “The truth is that you cannot use circulars to impose tax, it has to be by law, so the government needs to amend the law to block this leakage and others,” he said.
He said that though some of the digital transactions operators such as Uber, Bolt , office sharing and even technology platform providers like Facebook, Google, online stores and blogs pay VAT, the taxes were not backed by law.“The government should explore these opportunities and back it up with law to ensure that not just few people pay taxes but all operators,” he said.
“VAT law was introduced in 1993 and took effect in 1994; all over the world, including Nigeria, consumption tax is usually a state and local government tax.
Source: Law Daily Report (lawdailyreport.net)
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