Tax challenges of the digital economy the digital economy is extremely agile and will continue to evolve the oecd will continue to monitor the evolution of business models in the digital economy as well as the effectiveness and impact of the beps measures nigeria was an active participant in this project. Transactions that are consummated within that e-commerce or platform b if the tax authorities or agencies have the capacity to address this challenges the legal framework for tax: under current nigerian law, taxation is enforced by the three (3) tiers of government, ie. Olagoke odubunmi issues with the taxation of e-commerce in nigeria stems from the fact that extant national laws governing income taxation premised on the assumptions of physical presence of parties to business transactions.
“taxation of e-commerce” page: 2 issues in taxation of e-commerce it is now becoming apparent that e-commerce eases mobile, long-distance, or anonymous. Issues in taxation of e-commerce in nigeria olagoke odubunmi the emergence of e-commerce as a result of the development of the internet has brought with it a number of legal, fiscal and socio-economic issues. Free essay: abstract this paper examines the tax implications of e-commerce the issue of e-commerce and its tax implications continues to receive a high.
With approximately 30,000 taxing jurisdictions, compliance becomes a significant obstacle the internet is inherently susceptible to multiple and discriminatory taxation in a way that commerce conducted in more traditional ways is not double taxation would be inevitable because the borderless nature of the internet makes taxation very tricky. International e-commerce in africa: the way forward vi ec-15-364e acknowledgements itc would like to acknowledge the support of its parent organizations, unctad and wto, in their efforts to disseminate understanding and advance the agenda for improving access to e-commerce, in developing countries and beyond. So taxation of e-commerce is a normal part of the accepted pattern of how our countries operate what tax administrations have to do is exploit the technology available to improve taxpayer service and at a lower cost. This research seeks to address the challenges e-commerce poses to value added tax (vat) in nigeria, with a domestic focus on tracking e-commerce transactions for vat purposes and the challenges of cross-border trade on e-commerce vat.
In some cases, they are even entirely oblivious of the prospect of revenue flow from such a source currently, e-commerce transactions in nigeria largely escape taxation even though their live transaction counterparts are almost always subject to some form of state or federal tax.
E-commerce and sales tax 1263 words | 6 pages e-commerce and sales tax 5/2/2012 throughout the country, states are not collecting some or any taxes on online transactions.
E-commerce is an industry patronized by different classes of business because of its wide coverage and the latent revenue inherent in it apart from the ever growing size of its revenue, it can also be considered an income injection into the economy taxation of e-commerce is however still a grey area in nigeria.