Disturbed by the billions of naira Nigeria loses yearly in the country’s gaming sector, stakeholders recently gathered at a two-day conference in Lagos to
Global trends have also shown that the gaming and lottery industry, if well regulated, is a major sector for the generation of tax revenue by the government.
“The commission has consistently worked on the actualisation of a Central Monitoring System platform to ensure real-time monitoring and promote accountable transparency in the gaming sector. He said over the years across the globe, lottery and gaming have been identified as a wealth generator, noting that proceeds from lottery were used to transform societies and Nigeria should not be an exception.
“Lottery operators are required to file relevant returns which include income tax, Pay As You Earn returns of all employees in the state where they are resident, pay withholding tax from suppliers and very importantly cooperate with tax authorities,” Nami said.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FRSC vows to curb tanker crashes nationwide | The Guardian Nigeria News - Nigeria and World NewsThe Federal Road Safety Corps (FRSC) said it would enforce safety regulations and prevent the use of expired and worn-out tyres by tanker drivers to curb crashes across the country.
Read more »
Debt servicing consuming Nigeria’s revenues, says LCCI - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »
Senegal seeks Nigeria’s support for oil, gas sector - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »
ipNX, USTDA Advocate Policy Harmonisation To Mitigate Data RisksipNX Nigeria and United States Trade and Development Agency, (USTDA) have stressed the need for government and private sector players to unite in purpose
Read more »
Commonwealth Games: Team Nigeria Assured Of Early PreparationThe minister of youth and sports development, Sunday Dare, has assured Team Nigeria of early preparations for the 2022 Commonwealth Games in Birmingham,
Read more »