VAT Charges Effective From 2020 - FIRS
The Federal Inland Revenue Service (FRSC) has made a policy to set Value Added Tax (VAT) on all internet usage especially online transaction. This would be effective from January 2020.
The FIRS has also said that this policy would be enforced through banks too to their customers, thereby leading to an added charges from banks on online transactions both internationally and locally.
Is this VAT policy imposition necessary for online transactions? What is your take on this.