Inside the Finance Bill: Nigeria is planning to introduce digital taxes

17 January 2020

Digital Content

Nigeria could be joining the number of countries introducing digital taxes. The recently signed Nigerian Finance Bill quietly gave the Minister of Finance full powers to impose digital taxes in Nigeria.

 

On Monday, January 13, Nigeria’s President Muhammadu Buhari signed the Finance Bill 2019 [PDF]. Essentially, the bill amends several portions of the Nigerian tax laws. It allows the government to draw more people and businesses into the tax net and increase its tax revenue base. The bill also fixes confusion around the 7.5% value-added tax (VAT), personal income tax, among other issues. Read the full article on TechCabal here.