PwC Africa has said that there is a growing trend to impose VAT on foreign digital transactions, especially by countries favouring unilateral tax measures over the global deal on the taxation of the digital economy. PwC Africa Tax Leader, Taiwo Oyedele, who stated this while presenting the eighth edition of the VAT in Africa Guide – Africa re-emerging, said: “This is not only an emerging source of revenue for the government but also a policy tool.
Source: newtelegraphng.com
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