The Tax Appeal Tribunal, Lagos Zone (“TAT””), on September 10, 2020, decided in Ess-Ay Holdings Limited v Federal Inland Revenue Service[1] (the “Decision”) that the lease of real property (commercial or residential) and payment of rent thereof, does not fall within the ambit of supply of goods or services for Value Added Tax (“VAT”) purposes.
Source: banwo-ighodalo.com
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