Lottery Commission exempts licensed online gaming operators from FIRS direct tax collection

The National Lottery Regulatory Commission (NLRC) says Online Gaming Operators in the country who are duly licensed and tax compliant are exempted from the new tax regime proposed by the Federal Inland Revenue Service (FIRS).

A statement signed on Friday by the Director General of the commission, Mr Lanre Gbajabiamila, said that the proposed tax applied to remote gaming operators operating strictly outside the jurisdiction of the country.

FIRS on Wednesday said it was automating the administration of tax on online gaming, using Sentinal National Payment Gateway and Electronic Solution.

The Sentinal National Payment Gateway is a transaction processing system that enables integrated payment services providers to deduct taxes at the point of transaction and immediately remit to government’s treasury.