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Google, Microsoft, and TikTok Lead N2.55 Trillion Tax Contributions in Nigeria

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The Nationwide Info Expertise Improvement Company (NITDA) has introduced that international digital firms like Google, Microsoft, TikTok, and others paid N2.55 trillion (about $1.5 billion) in taxes within the first half of 2024.

This info was shared in an announcement by NITDA’s spokesperson, Mrs. Hadiza Umar, utilizing knowledge from the Federal Inland Income Service (FIRS) and the Nationwide Bureau of Statistics (NBS).

NITDA praised firms reminiscent of Google, Microsoft, X (previously Twitter), and TikTok for following the Code of Observe for Interactive Laptop Service Platforms/Web Intermediaries.

This Code units guidelines to advertise on-line security and handle dangerous content material.

The company highlighted that the tax funds from these firms present how authorities rules are serving to each security and income development.

“This improve in tax income exhibits the significance of sturdy guidelines that encourage firms to comply with the legislation and assist the digital economic system,” NITDA stated.

How Firms Are Dealing with Content material

NITDA additionally gave an replace on how digital firms are managing dangerous content material and retaining customers protected. In 2023, these firms:

  • Dealt with over 4.1 million consumer complaints.
  • Eliminated 65.8 million dangerous posts.
  • Restored 379,433 posts after appeals by customers.
  • Closed or deactivated 12.09 million accounts.

Whereas progress is being made, NITDA stated extra work is required to make the web safer and extra accountable.

The Code of Observe, launched in June 2022, units guidelines for social media platforms and on-line blogs to make sure they act responsibly. Key guidelines embrace:

  • Eradicating dangerous content material when notified by customers or the federal government.
  • Shortly taking down non-consensual content material, like specific photographs or movies, meant to harass or hurt others.
  • Sharing the id of content material creators when ordered by a court docket, particularly in instances involving public security, nationwide safety, or critical crimes like youngster abuse.

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