The Head of Nigeria’s tax agency has spoken: online 5% VAT is coming next year.  The Federal Inland Revenue Service (FIRS) Chairman, Tunde Fowler, was clear, “We are thinking that maybe early next year, we will advise banks to start deducting five percent VAT for all online purchases done locally.” Forget that “maybe”, this is … Continue reading Ecommerce Sector to Shrink As Nigeria Begins Collecting 5% Online VAT Next Year