The National Lottery Regulatory Commission (NLRC) has cleared the air on the news emanating from the Federal Inland Revenue Service (FIRS) that it would be collecting direct taxes from online gaming operators in Nigeria.
A press statement from the Director General of the NLRC, Mr Lanre Gbajabiamila on Friday says it has become necessary to clarify the purported media report from the FIRS as the NLRC is the only agency created by the Nigerian law to regulate the lottery/gaming industry in the country, adding that online gaming operators who are duly licensed and tax complaint are not subject to the tax referred to in the latest FIRS’ directive.
The statement reads: “The attention of the Management of the National Lottery Regulatory Commission (NLRC) has been drawn to several publications on various media platforms purportedly emanating from the Federal Inland Revenue Service (FIRS) with the caption “FIRS COMMENCES DIRECT COLLECTION OF TAXES FROM ONLINE GAMING OPERATORS”.
“These press articles have created uncertainty, panic and confusion in the Gaming Industry in Nigeria as to the propriety and justification of this new tax regime.
“Therefore, it has become necessary for the NLRC as the Agency created by law to regulate Lottery/Gaming in Nigeria to make the following clarifications:
“The NLRC deeply regrets any misconceptions these publications have caused to our esteemed Gaming Operators and other stakeholders in the industry in Nigeria”.
Alimosho Local Government will be the center of attention for Ndigbo in Lagos as the…
The Abuja Investment Company Limited (AICL) has reinforced its commitment to youth entrepreneurship and innovation…
Guinness Nigeria Plc has announced its unaudited financial results for the quarter ended 30 June…
The political crisis brewing within the Accord Party in Osun State deepened on Tuesday as…
Guaranty Trust Holding Company Plc, GTCO, has announced full plans for its 16th Annual Autism…
For every young footballer who laces up a pair of boots in search of a…