Taiwo-Oyedele Tax.webp
The Digest:

Taiwo Oyedele, Chairman of the Presidential Tax Committee, has revealed that Nigeria has partnered with over 100 nations under the Common Reporting Standards to gather data on remote workers and citizens with foreign assets for tax enforcement.

Key Points:
  • Nigeria has data-sharing agreements with over 100 countries.
  • The aim is to track remote workers' income and foreign assets for taxation.
  • Taiwo Oyedele stated that all remote workers must declare their income.
  • The system uses bank transaction intelligence to identify undeclared earnings.
  • Data includes properties and funds held abroad by Nigerians.
  • The government has adopted a collaborative approach with big tech on VAT.
  • Oyedele advised citizens to "do the right thing" or face presumptive assessments.
In an interconnected world, the boundaries of national tax jurisdiction are dissolving, creating a new reality where every digital transaction leaves a permanent footprint for the state to follow.

Sources: Nairametrics