FIRS Issues Information Circular On The Implementation Of VAT Changes In The Finance Act

1.Definition of goods and services;
2.Transition to the new VAT rate,
3.VAT registration and deregistration;
4.Self accounting for VAT;
5.Registration by non-residents;
6.Introduction of VAT threshold;
7.Business reorganisation;
8.Exported service;
9.Penalty regime; and
10.Status of the information circular.

Source: PwC Nigeria

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