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Nigeria considers new 5% VAT for online purchases
NewsTech

Nigeria considers new 5% VAT for online purchases

The Federal Government of Nigeria is  making plans to deduct 5% VAT ( Value added Tax ) on online transaction via bank cards as from 2020. The expanding digital economy includes the tech space and e-commerce where Cowrywise, Piggybank, Flutterwave, Konga, Jumia and other are players. This plan was made...