President Muhammadu Buhari has directed the deployment of technology to tax all digital transactions carried out across the country.
Secretary to the Government of the Federation Boss Mustapha announced this at the 17th General Assembly and 10th anniversary of the West Africa Tax Administration Forum, WATAF in Abuja, with the theme, “The Taxation of the Digital Economy: Exploring Untapped Revenue Sources in Africa” was as good an illustration that would make them to continue to work together as partners. The assembly is a high-level policy dialogue on taxation of the digital economy, organised by the Federal Inland Revenue Service, FIRS.
He explained that the President gave the order to tax authority to ensure digital transactions were taxed digitally, and the goal of their efforts was to achieve seamless digital collection and remittance of tax revenue accrued from the digital economy.
Mustapha added that Buhari had directed the deployment of technology to good effect in revenue collection and remittance as a matter of government policy.
In his remarks, the Chairman of FIRS, Mohammed Nami said the importance of the role of WATAF could not be overemphasised because the reason was set up by the founding fathers, was to create the atmosphere for dialogue on collaborative efforts. He also noted that the aim was not only still valid but growing in importance, and stressed the need for more synergy.
