Google, Microsoft, TikTok, Others Pay N2.55 Trillion Taxes To Nigeria In First Half Of 2024, Says NITDA

Google, Microsoft, TikTok and other foreign digital brands operating in Nigeria have paid a total of N2.55 trillion in taxes in the first half of this year.

This was revealed by the National Information Technology Development Agency (NITDA) in a statement issued by its Director of Corporate Communications & Media Relations, Mrs. Hadiza Umar, quoting data from the Federal Inland Revenue Service (FIRS) and the National Bureau of Statistics (NBS).

The Agency specifically, commended Google, Microsoft, X, and TikTok for their compliance with the Code of Practice for Interactive Computer Service Platforms/Internet Intermediaries.

The Code issued jointly by the Nigerian Communications Commission (NCC), National Broadcasting Commission (NBC), and NITDA outlines clear guidelines for promoting online safety and managing harmful content.

While highlighting the impacts of the regulatory framework, NITDA noted that this has also boosted the government’s revenue through the payment of taxes by digital companies.

“Data from the Federal Inland Revenue Service (FIRS) and the National Bureau of Statistics (NBS) reveal that foreign digital companies, including interactive computer service platforms and internet intermediaries (such as social media platforms) operating in Nigeria, contributed over N2.55 trillion (approximately $1.5 billion) in taxes in H1 2024.
 
“This significant increase in revenue underscores the role of robust regulatory frameworks in shaping compliance and driving revenue growth in the digital economy,” NITDA stated.

Providing an update on the level of compliance with the Code of Practice for Interactive Computer Service Platforms/Internet Intermediaries, NITDA said all the digital platforms have been making efforts to address user safety concerns in line with the Code and the platforms’ community guidelines.

According to NITDA, the platforms received 4,125,283 (Four million, one hundred and twenty-five thousand, two hundred and eighty-three) registered complaints in 2023.

65.8 million was received on content takedown and content removed and re-uploaded after appeal by users, attracted  379,433 while closed and deactivated accounts were 12.09 million.

While commending the progress made, NITDA emphasizes the need for continued collaboration and innovation to address emerging challenges and ensure a safer and more responsible digital space.