ADVERTISEMENT
  • Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, September 20, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

FIRS Begins Direct Collection Of Taxes From Online Gaming Operators

by Mark Itsibor
3 years ago
in Business
FIRS
Share on WhatsAppShare on FacebookShare on XTelegram

The Federal Inland Revenue Service (FIRS) has commenced the deduction of taxes at transaction points from online game transactions using the Sentinal National Payment Gateway and electronic solution.

Advertisement

The Sentinal National Payment Gateway is a transaction processing system that enables Integrated Payment Services Providers to deduct taxes at the points of transaction and immediately remit the tax deducted to the government’s treasury. It is used to automate the administration of tax that enables the tax watchdog to deduct taxes at transaction-points and remit the tax deducted directly to government’s treasury.In a public notice signed by its chairman, Muhammad Nami, the service while directing full compliance by the online gaming community, FIRS said “The deployment of Sentinal National Payment Gateway will simplify tax compliance for companies engaged in online gaming activities.”

The FIRS also states that all operators offering online gaming services in Nigeria, not later than the 31st of December 2022, were required “to connect to the Sentinal National Payment Gateway, deduct tax from online gaming transactions and remit same directly to the relevant government’s treasury.”

The notice stated that though it was not mandatory for online gaming operators offering online gaming services from outside Nigeria to be incorporated in Nigeria, they are compelled by extant tax laws to connect to the Sentinal National Payment Gateway for the purposes of dedicating tax from the gaming transactions of players in Nigeria, and remitting same directly to the government purse.

 

Related News

All On Invests $1.5m To Advance E-waste Recycling In Nigeria

4 hours ago

Foreign, Domestic Investors’ NGX Trade Declines To N908bn In August

7 hours ago
Join Our WhatsApp Channel

SendShare10178Tweet6362Share

Other News Updates

Business

All On Invests $1.5m To Advance E-waste Recycling In Nigeria

2025/09/20
Business

Foreign, Domestic Investors’ NGX Trade Declines To N908bn In August

2025/09/20
Business

Right Violations: NCAA Threatens Sanction On Qatar Airways, Others

2025/09/20
Business

Airtel Africa’s AI System Flags 205m Spam SMS Across 13 Markets

2025/09/20
Business

Inter-country African Continent Trade Possible With Collaboration – NCDMB

2025/09/20
Business

NB Plc Appoints Karaseva, Duverdier As Finance Director, Non-Executive Director

2025/09/20
Leadership Conference advertisement

LATEST

‘Democracy Will Die, Buried Without Reform’, Obasanjo Warns

Burundi Welcomes Alliance Of Sahel States’ Decision To Withdraw From Rome Statute

Yoruba Council, Others Hail Dangote Refinery, Warn Oil Unions Against Misinformation

Judicial Workers Begin Strike In Osun

Fleeing Villagers Drown As Boat Capsizes In Sokoto

FCTA Denies Outbreak Of Ebola In Abuja

Troops Neutralise Suspected Kidnapper, Arrest 1 Other In Delta

Trump Signs Executive Order To Create ‘Gold Card’ Visa For Skilled Foreigners At $1m

NiDCOM Hails Kelechi Ndukwe On Promotion By US Navy

Katsina Anti-graft Agency Probes ‘₦188.6m Fraud’ In Fertilizer, School Funds

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.