Digital Taxation Framework Prof Oyedokun.pptx

Digital Taxation Framework
Being a Paper Presented at The Capacity Development Programme for Executives of Oyo State Internal Revenue Service themed: The Tax and Technology Challenge organised by ICMA Professional Services at Radisson Blu Hotel, Ikeja Lagos on Friday, 24th May 2024.

1. Digital Taxation Framework Being a Paper Presented at The Capacity Development Programme for Executives of Oyo State Internal Revenue Service themed: The Tax and Technology Challenge organised by ICMA Professional Services at Radisson Blu Hotel, Ikeja Lagos on Friday, 24th May 2024. Prof. Godwin Emmanuel Oyedokun Professor of Accounting and Financial Development Department of Management & Accounting Faculty of Management and Social Sciences Lead City University, Ibadan, Nigeria Principal Partner; Oyedokun Godwin Emmanuel & Co (Accountants, Tax Practitioners & Forensic Auditors)

2. ND (Fin), HND (Acct.), BSc. (Acct. Ed), BSc (Fin.), LLB., LLM, MBA (Acct. & Fin.), MSc. (Acct.), MSc. (Bus & Econs ), MSc. (Fin), MSc. ( Econs ), Ph.D. (Acct), Ph.D. (Fin), Ph.D. (FA), CICA, CFA, CFE, CIPFA, CPFA, CertIFR , ACS, ACIS, ACIArb , ACAMS, ABR, IPA, IFA, MNIM, FCA, FCTI, FCIB, FCNA, FCFIP, FCE, FERP, FFAR, FPD-CR, FSEAN, FNIOAIM, FCCrFA , FCCFI, FICA, FCECFI, JP Prof. Godwin Emmanuel Oyedokun Professor of Accounting and Financial Development Department of Management & Accounting Faculty of Management and Social Sciences Lead City University, Ibadan, Nigeria Principal Partner; Oyedokun Godwin Emmanuel & Co (Accountants, Tax Practitioners & Forensic Auditors)

3. Digital Taxation Framework

4. Contents

5. Introduction

6. Background and Rationale

7. Key Principles of Digital Taxation

8. International Initiatives and Proposals

9. Challenges of Taxing the Digital Economy

10. Implementation and Administration

11. Latest Development in Digital Taxation OECD/G20 Inclusive Framework on BEPS (Base Erosion and Profit Shifting)

12. Latest Development in Digital Taxation /2 European Union Digital Services Tax (DST)

13. Latest Development in Digital Taxation /3 Unilateral Digital Services Taxes

14. Latest Development in Digital Taxation /4 Technological and Administrative Innovations

15. Latest Development in Digital Taxation /5 National and Regional Reforms

16. Latest Development in Digital Taxation /6 Impact of Technological Evolution

17. Latest Development in Digital Taxation /7 Public and Corporate Reactions

18. Global Standards in Digital Taxation OECD/G20 Inclusive Framework on BEPS The OECD/G20 Inclusive Framework on BEPS is the cornerstone of global efforts to address tax challenges arising from digitalization

19. Global Standards in Digital Taxation /2

20. Global Standards in Digital Taxation /3

21. Digital Taxation Framework in Nigeria

22. Current Digital Taxation Framework in Nigeria Significant Economic Presence ( SEP) The Finance Act 2019 introduced the concept of Significant Economic Presence (SEP), which allows Nigeria to tax non-resident companies providing digital services if they have a significant economic presence in the country The SEP threshold includes: Annual gross turnover or income from digital services exceeding ₦25 million (approximately $65,000) A user base of at least 10,000 active users in a year The use of a Nigerian domain name or a website address registered in Nigeria. Payments from customers based in Nigeria for digital services Finance Act 2019 and 2020

23. Current Digital Taxation Framework /2

24. Current Digital Taxation Framework /3

25. Challenges and Controversies Digital Taxation Framework

26. Future Trends and Developments

27. Case Studies

28. Conclusion

29. Recommendations

30. Recommendations

31. Prof. Godwin Emmanuel Oyedokun Professor of Accounting & Financial Development Lead City University, Ibadan, Nigeria Principal Partner; Oyedokun Godwin Emmanuel & Co (Accountants, Tax Practitioners & Forensic Auditors) [email protected]; [email protected] [phone] & 2348055863944