Nigeria Nets ₦600bn in VAT from Facebook, Netflix as Tax Act Reforms Kick In
Nigeria has successfully collected more than ₦600 billion in Value Added Tax (VAT) from global digital service providers, including Facebook, Amazon, and Netflix. This milestone follows amendments to the VAT Act, which empowered the Federal Inland Revenue Service (FIRS) to bring non-resident companies offering services in Nigeria into the tax net. These firms, though not