Revenue-Starved Nigeria to Use UK Fintech Platform to Boost Online Gaming Taxes
- Connection to platform is mandatory for online gaming firms
- Nation automating tax collections to boost income, curb debts
This article is for subscribers only.
Revenue-starved Nigeria will use a platform developed by a UK-based financial technology firm to improve tax collection from online gaming companies.
The Federal Inland Revenue Service will use e-Technologies Global Ltd.’s Sentinal National Payment Gateway to automate the administration of taxes on online gaming, Muhammad Nami, the agency’s executive chairman, said in an emailed statement. The platform will “not only collect tax revenues at source, but also provide us with tax-reporting and monitoring tools in real time,” he said.