Obvious examples are Facebook, Twitter, Google, and others that have lots of users worldwide, without needing to seek clearance at any country’s ports or borders.
Nigeria, like some other countries of the world, has readjusted its tax policies to fit in with emerging technologies and changes in the business world.
Contained, but barely mentioned, in the newly signed Finance Act is a new provision to tax digital companies with a significant economic presence in Nigeria.
In its description, the Act goes to great lengths to cover any business activity that could take place in the digital space.
“If it transmits, emits, or receives signals, sounds messages, images or data of any kind by cable, radio, electromagnetic systems or any other electronic or wireless…