F. Value Added Tax Act (VATA)
15. Non-Resident Suppliers of taxable goods or services to Nigeria, or any other person appointed by the Service to collect tax under the VAT Act have statutory obligation to collect the tax and remit same to the Service [section 10 of VATA].
16. Companies engaged in Upstream Petroleum operations will continue to have obligation to withhold VAT, even when they have not commenced commercial operations or have not reached N25 million turnover [Section 15 of VATA].
Source: gov.ng
Latest Posts in "Nigeria"
- Nigerian Court Upholds VAT Collection by Rideshare Platforms for Food and Transport Services
- House Moves to Place VAT Under Federal Control in Constitutional Amendment Bill
- Nigeria Appoints FIRS as National Peppol Authority to Launch E-Invoicing System
- Nigeria FIRS becomes a Peppol Authority
- Examining VAT Taxation in Nigeria: Landmark Decisions and Implications for Federalism
