FIRS Gives Reasons For Wanting To Impose VAT On Online Transactions

The Federal Inland Revenue Service (FIRS) says it will soon begin collection of Value Added Tax (VAT) on online transactions. The Chairman of the agency, Mr Babatunde Fowler, made the disclosure in an interview with the News Agency of Nigeria (NAN) in New York on Saturday.Fowler said: “soon, we will ask banks to impose VAT on online transactions for purchases of goods and services.“Not via IFTTT