Nigeria's Innovative Approach to Gambling Taxation: A Catalyst for Revenue Growth

The digital evolution of Nigeria's betting industry has prompted authorities to develop innovative approaches to regulation. The integration of the Remote Operator Permit with the Federal Inland Revenue Service's Tax Pro Max system now facilitates real-time tax remittances, expanding the government's reach without requiring physical presence from operators.A proposed Central Gaming Bill aims to modernise the country's approach further, introducing requirements for data protection, anti-money laundering protocols and age verification for online platforms. These measures align with international standards and are designed to combat illegal market operations.
Click here to read full news..