The Special Adviser on Tax Policy to the Chairman of the Tax Reforms Committee, Mathew Osanekwu, has revealed that Nigeria has successfully collected over N600bn in Value Added Tax from global digital service providers such as Facebook, Amazon, and Netflix.
He explained that amendments to the VAT Act had empowered the Federal Inland Revenue Service to bring non-resident companies offering services in Nigeria into the tax net.
“These are not Nigerian entities, but they are now paying VAT under Section 10 of the VAT Act. They are registered in Nigeria and are also appointed as agents of collection,” Osanekwu stated during a workshop for media practitioners in Abuja on Wednesday.
He stressed that the move aligns with global best practices and ensures Nigeria benefits from taxes on services consumed locally but delivered by foreign companies.
