UPDATE: Nigeria confirms VAT will be collected on online transactions

16 October 2019

From 1 January 2020, the Federal Inland Revenue Service (FIRS) will introduce withholding value added tax at 5% on all e-commerce goods and service transactions.

When introduced, this tax will be charged and collected via banks and credit card companies in the country; this is instead of suppliers. It would also apply to both resident and non-resident providers of these types of goods and services.

It is proposed that the tax would be levied when the sale is made from the online marketplaces (such as Amazon, eBay, Facebook and Instagram, for example).

LATEST NEWS

German IOSS portal to miss EU e-commerce VAT package...

The German portal to support the EU’s Import One-Stop-Shop (IOSS), will not be ready for the launch of the EU’s e-commerce VAT package on 1 July...

SEE MORE
LATEST NEWS

Canada - British Columbia PST applied on digital...

From April 2021, the Canadian province of British Columbia imposed Provincial Sales Tax (PST) at 7% on income earned by non-resident providers of e-services...

SEE MORE
LATEST NEWS

Singapore to introduce GST on e-commerce imports

From 1 January 2023, the Singaporean government confirmed that it will introduce a Goods and Service Tax (GST) on imported sales of goods and non-digital...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.