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Nigeria introduces new simplified VAT regime on B2C digital services from January 1, 2022

Nigeria’s Minister of Finance, Budget and National Planning, Zainab Ahmed has confirmed in a public presentation on the approved 2022 Budget, that the 2021 Finance Act was signed into law by President Muhammadu Buhari on December 31, 2021. The Minister confirmed that non-resident digital service companies must register and collect VAT from their Nigerian customers and remit to the Nigerian Federal Inland Revenue Service (FIRS).

Source: Avalara

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