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Nigeria is preparing to deduct 5% VAT for every online purchase via bank cards starting from next year.
Chairman of Federal Inland Revenue Service (FIRS), Tunde Fowler, confirmed this in an exclusive interview with a media company in the country.
Fowler declared the country is currently working on a solution for taxing the digital economy.
“We will address the issue of the digitalised economy very soon. There is no global solution to a digitalised economy.
