FG Nets ₦600bn VAT From Facebook, Amazon, Netflix as Oyedele Defends Tax Reforms

FG nets ₦600bn VAT from Facebook, Amazon, Netflix as Oyedele defends tax reforms

Nigeria has successfully collected over ₦600 billion in Value Added Tax (VAT) from international digital service providers, including Facebook, Amazon, and Netflix, following amendments to the VAT Act that brought non-resident companies into the country’s tax net. The Special Adviser on Tax Policy to the Chairman of the Tax Reforms Committee, Mr Mathew Osanekwu, disclosed this on Wednesday, September 10, at a workshop for media practitioners in …

FG Collects Over N600bn VAT from Facebook, Amazon, Netflix - Newsmakers

Pat Stevens/ The Federal Government has disclosed that Nigeria has collected more than N600 billion in Value Added Tax from international digital service providers, including Facebook, Amazon and Netflix. The Special Adviser on Tax Policy to the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mathew Osanekwu, explained that amendments to the […] The post FG Collects Over N600bn VAT from Facebook, Amazon, Netflix appeared…

Nigeria generated ₦600bn VAT from Facebook, Amazon, Netflix and Other Tech Companies - Innovation Village | Technology, Product Reviews, Business

Tech giants like Facebook, Amazon, and Netflix have paid more than ₦600 billion ($400M+) in VAT in Nigeria

Nigeria generated ₦600bn VAT from Facebook, Amazon, Netflix

Nigeria has generated more than ₦600 billion in Value Added Tax (VAT) from foreign digital service providers, including Facebook, Amazon, and Netflix. This was disclosed by Mr. Mathew Osanekwu, Special Adviser to the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms on Tax Policy, during a media practitioners’ workshop in Abuja. According to him, the feat represents a significant milestone in efforts to generate tax proceed…

StatePress NG: FG rakes in over N600bn VAT from Facebook, Amazon, Netflix